The companies and CEO’s that prospered despite the pandemic during 2020
Tesla CEO Elon Musk has been awarded stock options worth $27.5bn since May, on the same month SpaceX launched America’s first manned orbital mission since 2011. In November Tesla hit the $500bn mark after soaring 547 per cent this year.
Jeff Bezos the CEO of Amazon who holds the title of the richest man in the world, added $13bn to his fortune, the largest single day jump for an individual since the Bloomberg Billionaire’s Index was created.
Amazon reached a market capitalisation of about $1tn during the pandemic.
Zhong Shanshan The founder of Nongfu Spring had amazing success whose real time net worth according to Forbes is $72.8bn who had dropped out of chemistry school during China’s chaotic Cultural Revolution. He later had jobs as a construction worker, a newspaper reporter, and a beverage sales agent before starting his own business. The stock market floatation of China’s biggest bottle water company has made the founder the country’s third-richest man, as shares in his company rocketed on their debut in Hong Kong.
Shanshan’s Nongfu Spring, a bottled water company went public at $2.77 a share and by December shares had nearly doubled in price. He also controls the Beijing Wantai Biological Pharmacy that is developing a nasal spray vaccine for Covid-19.
On December 11, Wantai was trading at 15 times its IPO price.
In the 1st quarter as the pandemic brought China’s economy to a halt, Pinduoduo`s active users surged 68 per cent and revenue jumped 44 per cent according to the company.
Huang’s net worth climbed as high as $45bn placing him just behind China’s wealthiest.
. In June he stepped down as CEO of the company.
Colin Haung Zheng is net worth $ 53.8bn, was educated at Hangzhou Foreign Languages School and University of Wisconsin- Madison, Zhejiang University. Pinduoduo raised $1.6bn in a US IPO in July 2018 amid criticism over its alleged sale of counterfeit products. A serial entrepreneur, Huang who interned at Microsoft in both Beijing and Seattle before starting his career at Google in the US in 2004. He earlier founded online game company, Xinyoudi and online e-commerce platform Ouku.com.