BIGGEST WINNERS: JEFF BEZOS OF AMAZON SAW WEALTH SHOOT UP US$20BN TO US$160BN IN 4MTHS SINCE COVID-19 OUTBREAK. ANOTHER E-TAILER HUANG ZHENG, 40, OF CHINESE ECOMMERCE GIANT PINDUODUO, WAS SECOND BIGGEST WINNER, UP US$17BN, DOUBLING WEALTH TO US$35BN. BEZOS ADDED US$7 MILLION AN HOUR EVERY HOUR FOR THE PAST FOUR MONTHS

GIOVANNI FERRERO, 55, SCION OF ITALIAN CHOCOLATE PRODUCERS THAT MAKE KINDER SURPRISE, NUTELLA AND FERRERO ROCHER, SAW WEALTH RISE US$8BN TO US$42BN

ELON MUSK, 48, UP US$7BN TO US$53BN, ON BACK OF TESLA SHARE RISE TO BECOME WORLD’S MOST VALUABLE CAR COMPANY

BIGGEST WINNERS OF COVID-19 FROM HURUN TOP 100 WERE ONLINE RETAILERS, PHARMACEUTICALS AND HOME IMPROVEMENT RETAILERS AS WELL AS CHOCOLATE, SOYA SAUCE AND PORK PRODUCERS 

FASTEST INCREASE: CHINA-BORN ERIC YUAN ZHENG, 50, OF POPULAR CALIFORNIA-BASED VIDEO CONFERENCING APP ZOOM SAW WEALTH TRIPLE FROM US$4.5BN TO US$13BN, UP FROM 555^th TO TOP 150 IN WORLD

“EVEN AFTER HIS DIVORCE, JEFF BEZOS IS US$60BN RICHER THAN BILL GATES, THE BIGGEST EVER DIFFERENCE BETWEEN THE WORLD’S TOP TWO,” SAID HOOGEWERF.

WORLD’S TOP 100 BILLIONAIRES CLAW BACK ALMOST ALL LOSSES IN SECOND TWO MONTHS OF COVID OUTBREAK, AFTER US$408BN LOSS IN FIRST TWO MONTHS. DOWN ONLY 2% IN FOUR MONTHS

 ‘VACCINE KING’ CYRUS POONAWALLA OF SERUM INSTITUTE OF INDIA, UP 25% AND 57 PLACES TO US$15BN AND 86^TH PLACE, ON BACK OF COVID-19 VACCINE DISTRIBUTION POTENTIAL

V-SHAPED RECOVERIES: MUKESH AMBANI OF RELIANCE SAW WEALTH BOUNCE BACK US$18BN IN LAST TWO MONTHS, AFTER LOSING US$19BN IN FIRST TWO MONTHS AFTER OUTBREAK, TAKING HIM TO 8^TH PLACE IN THE WORLD. SIMILARILY, MARK ZUCKERBERG SAW WEALTH DROP US$13BN IN FIRST TWO MONTHS OF OUTBREAK, BUT THEN CLAW BACK US$13BN, TO TAKE HIM TO 4^TH IN THE WORLD.

BY COUNTRY, USA HAS 36%, UP 1%, OF THE HURUN GLOBAL TOP 100, FOLLOWED BY CHINA ON 24%, UP 2% ON FOUR MONTHS AGO.

BIGGEST LOSERS: WARREN BUFFETT AND BERNARD ARNAULT LOST US$18BN EACH, FOLLOWED BY CARLOS SLIM DOWN US$17BN EQUIVALENT TO US$6MN AN HOUR OVER 4MTHS. 14 INDIVIDUALS LOST MORE THAN US$5BN.

OTHER BIG RISERS INCLUDE CHINESE ‘SOYA SAUCE KING’ PANG KANG, 58, OF HAITIAN, UP 36% OR US$4BN TO US$15BN.

LEADING AUTHORITY ON GLOBAL WEALTH RELEASES SPECIAL REPORT ON WEALTH IMPACT 4MTHS AFTER COVID-19 OUTBREAK

23 June 2020, Shanghai, Mumbai and Oxford. Hurun Research today released Wealth Impact 4mths after Covid-19 Outbreak, a special report looking into wealth changes of the world’s most successful entrepreneurs in the four months ending 31 May 2020. This special report follows on from the Wealth Impact 2mths after Covid-19 Outbreak looking into wealth changes in the two months ending 31 March 2020 and the Hurun Global Rich List 2020, which had a wealth cut-off of 31 January 2020.

Stock markets across the world dropped significantly in the first two months after the outbreak but clawed back some of the losses in the second two months.  India, the UK and France were down around 20%, with the NYSE, Japan, HK and Germany down around 10%. Mainland China’s stock exchanges were down slightly at 4%, whilst the only major stock market to see a gain was NASDAQ, up 4%.

The British Pound and Indian Rupee were down 5.6% down 5.3% against the dollar, whilst the Chinese Yuan and Euro were up 2% and 1%.

In the four months since the outbreak, 60% of the Hurun Global Rich List Top 100 saw their wealth rise or stay the same, whilst 40% were down. Rupert Hoogewerf, Hurun Report chairman and chief researcher, said “Whilst the first two months of the outbreak saw a massive wealth wipeout of the Hurun Global Top 100, the second two months saw a V-shaped recovery for two thirds of the Hurun Global Top 100, reminding us that it is dangerous to bet against the world’s best wealth creators.”

“The two biggest ‘winners’ from the Hurun Top 100 of Covid-19 were online retailers Jeff Bezos of Amazon and Colin Huang Zheng of Chinese low-end ‘social shopping’ giant Pinduoduo, who added US$20bn and US$18bn to their fortunes, pretty much all the gains coming in the past two months. For Bezos and Huang, Covid-19 has seen their wealth increase in the shape of a ‘Nike tick’”, added Hoogewerf. “Another big winner was Eric Yuan Zheng, 50, of popular video conferencing app Zoom, who saw his wealth triple from US$4.5bn in January to US$13bn today, propelling him up from 555^th in the world four months ago to knocking on the door of the world’s Top 100 today.”

Table: Biggest Wealth Creations of the Hurun Global 100 in the 4mths to 31 May 2020

Source: Hurun Research Institute 2020

Huang Zheng, 40, of e-commerce platform Pinduoduo, was the fastest riser of the Hurun Global Rich List Top 100 of the past four months, seeing his wealth almost double. The top 5 fastest risers were all from China.

Table: Fastest Risers of the Hurun Global 100 in the 4mths to 31 May 2020

Source: Hurun Research Institute 2020

Biggest losers

The biggest losers in the last four months were Bernard Arnault of LVMH and Warren Buffett, each down US$18bn, followed by Carlos Slim Helu down US$17bn and Amancio Ortega of Inditex down US$14bn. Hoogewerf said “Bernard Arnault and Warren Buffett were the biggest losers, down US$18bn each over the past 4mths. For Arnault it could have been a lot worse, since he was down US$30bn in the first two months after the outbreak, but managed to claw back US$12bn in the following two months.”

As a category, investors made the biggest losses. Sheldon Adelson of Las Vegas Sands saw his wealth drop US$7bn, on the back of poor performance of his casinos since the outbreak.

Table: Biggest Wealth Drops in 4mths to 31 May 2020 in the Hurun Global 100

Source: Hurun Research Institute 2020

By country

In the four months to 31 May 2020, China added 3 individuals to the world’s Top 100 billionaires, with the USA, Russia and Italy each adding one. The USA today has 39 in the Top 100, compared with 26 from China. “China has narrowed the gap with the USA at the top of the Hurun Global Rich List, from 13 down to 11.”

World’s Top 10

Jeff Bezos of Amazon and Steve Ballmer of Microsoft were the only two from the Hurun Global Top 10 to see their wealth increase.

Table: Hurun Global Top 10, as of 31 May 2020, compared with 31 Jan 2020

Source: Hurun Research Institute 2020

Related links

Wealth Impact 2mths after Covid-19 Outbreak

https://www.hurun.net/EN/Article/Details?num=E62B0CAA355A

Hurun Global Rich List 2020

https://www.hurun.net/EN/Article/Details?num=775CEFAE8BF8

Hurun Richest Women in the World 2020

https://www.hurun.net/CN/Article/Details?num=76824AC0C3BB

Hurun 40 & Under Self-Made Billionaires 2020

https://www.hurun.net/EN/Article/Details?num=9A660E5EF44A

Hurun Global Real Estate Rich List 2020

https://www.hurun.net/EN/Article/Details?num=CCCB9E3C7369

Hurun Global Education Rich List 2020

https://www.hurun.net/EN/Article/Details?num=8AF475DC1457

About Hurun Report Inc.

Promoting Entrepreneurship through Quality Lists and Research

Hurun Report generated 300 million views globally each month on average last year, through putting out quality lists and research.

Established in 1999, Hurun Report Inc. has grown into a leading research platform based in Oxford, Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today.

Hurun Research Institute ‘World’s Largest Rich List Provider’

These past twenty years have seen the fastest wealth creating period in the history of the world.

Other lists Hurun puts out include: the Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary.  With no inheritance tax, Chinese give much more generously than many have previously understood.

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

Media and Events ‘The Hurun brand gets 300 million views a month in China’

The Hurun brand has become one of the few media brands to become a household name across China and India.

Hurun Media monetizes 2 million views a month in China, through its wechat, weibo, website and legacy magazine.

Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

Hurun Report does events across the world.  In the last year, Hurun Report has held events in Toronto, New York, LA, London, Paris, Istanbul, Luxembourg, Sydney and Singapore. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

Investments

Hurun Investments has a portfolio of 20 companies, with investments into tech, media, design, education as well as a vintage car race and a tailor.

Hurun Global Rich List Top 100 – 4 months since outbreak of Covid-19

Download:

Hurun Wealth Impact 4mths after Covid-19 Outbreak 200623.xlsx

Hurun Wealth Impact 4mths after Covid-19 200623.docx

新闻稿：《疫情四个月后全球企业家财富变化特别报告》200623.docx