Jeff Bezos, Mukesh Ambani Wealth Spikes Amid Coronavirus Disruption

As per a Chinese research study, 3 individuals who saw their net wealth spike during coronavirus pandemic are Jeff Bezos of Amazon, RIL's Mukesh Ambani, Serum Institute of India's Dr Cyrus Poonawalla.

Jeff Bezos, Mukesh Ambani Wealth Spikes Amid Coronavirus Disruption

In a report titled 'Wealth Impact 4mths after Covid-19 Outbreak' Hurun Research oversees the change in wealth of the world's richest in the fourth months ending May 31. The report follows the previous 'Wealth Impact 2mths after Covid-19 Outbreak' as well as the Hurun Global Rich List 2020 which provided outputs basis January 31, 2020 cut off.

60% of Entrepreneurs In Hurun Global Rich List Saw Their Wealth To Shed Or Remained Steady

Ever since the outbreak in early January, the wealth of nearly 60% of the richest people featured on Hurun Global Rich List saw their wealth either deplete during the course of fourth months or remained steady.

"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," said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

"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 Rs 1.51 trillion and Rs 1.35 trillion to their fortunes, pretty much all the gains coming in the past two months," said Hoogewerf.

Another big winner was Eric Yuan Zheng, 50, of popular video conferencing app Zoom, who saw his wealth triple from Rs 34,000 crore in January to Rs 98,200 crore today, propelling him up from 555th in the world four months ago to knocking on the door of the world's Top 100 today."

An Indian who recovered losses before the Janta Curfew on March 22 was none other than RIL's Mukesh Ambani who made the longest continuous fund raising from marquee technology names into his digital venture Jio Platforms.

Also amidst the pandemic, Pune-based Serum Institute of India has played a significant role in fighting the deadly disease. And in the last 4-months Dr Cyrus Poonawallan's netted wealth of Rs. 1.13 lakh crore, a surge of 25%.

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