With his wealth further fueled by massive gains made amid the global coronavirus pandemic, Jeff Bezos retained the top spot on Forbes’ annual billionaires list.
In 2020, a year riddled with challenges brought on by a worldwide health crisis, the Amazon CEO saw his net worth increase by $64 billion, from $113 billion to $177 billion.
Tesla CEO and co-founder Elon Musk claimed the second spot, a dramatic climb from his 31st ranking last year, according to Forbes magazine’s 2021 list, which was released Tuesday. Musk’s worth is estimated at $151 billion.
Bernard Arnault, a French billionaire and the CEO of LVMH, nearly doubled his fortune. He is ranked in third place. Microsoft co-founder Bill Gates was ranked fourth, while Facebook creator Mark Zuckerberg rounded out the top five.
Berkshire Hathaway CEO Warren Buffett of Omaha is the world’s sixth-richest person, worth $96 billion. This is the first year since 1993 that he did not appear in the top five, Forbes said. Buffett was No. 4 on the 2020 list. He has given much of his stock to charities.
The world’s richest people collectively increased their net worth by $5 trillion in 2020, a year that also saw millions of Americans suffer from unemployment. Between March 2020 and February 2021, 80 million Americans lost their jobs with roughly 8 million living below the poverty line from June to November 2020.