- By Annie Mueller Updated Feb 23, Becoming a billionaire seems like a great goal, but unfortunately, it's only a dream for most of us.
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- It might not be how you think.
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In the early months of the pandemic, as local businesses across the country closed, tens of millions of Americans lost their job. Now, more than half a year later, more than 11 million Americans remain unemployed and many shops and restaurants will never reopen.
- But the rest of the Forbes billionaires of them made their money the old-fashioned way — by working for it.
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Here is a look at American businesses that might not survive how billionaires made money. The recession ushered in by the novel coronavirus has not meant economic catastrophe for everyone, however.
We ranked the 30 billionaires whose monetary wealth grew the most from March 18, to Oct. We only reviewed changes in net worth for American citizens who were considered billionaires as of April 7, The vast majority of people on this list are high-profile executives or founders and investors at publicly traded companies — and much of their wealth is invested in the company with which they are associated. And though the U. Notably, many of the billionaires on this list are associated with technology companies — and many of those companies have done especially well during the pandemic.
Lin is the cofounder and president of Chinese smartphone maker Xiaomi. Before founding the company inLin worked at both Microsoft and Google.
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Xiaomi went 10 per day on binary options in and its share price has more than doubled during the pandemic. Lauder was the CEO of beauty products company Estee Lauder for nearly three decades before stepping down in He currently serves as the company's chairman emeritus. Like several other billionaires on this list, Lauder is a philanthropist and has donated millions to Alzheimer's research.
It might not be how you think.
Duffield then founded WorkDay, another HR and finance software company, which went public in WorkDay share price doubled from March 18 to Oct. Charles Koch is an exception.
How Billionaires Got $637 Billion Richer During The Pandemic
Koch Industries subsidiary Georgia-Pacific, one of largest toilet paper manufacturers in the country, reportedly increased its production capacity to meet consumer demand in the early days of the pandemic.
Koch is one of only three women on this list.
Bloomberg was the 14th richest person in the world, as of October. Bloomberg made much of his wealth through his financial information and media company Bloomberg LP.
The company markets the Bloomberg Terminal system, which allows users to access financial markets information, and produces the hour cable news channel Bloomberg TV. Active in politics, Bloomberg served as New York City's mayor for 12 years and ran for the democratic nomination for president before dropping out in March.
As of Oct. However, he owns Omidyar founded eBay in and still sits on the company board.
Mohed Altrad made his first million in the scaffolding business.
NVIDIA beat earnings estimates in each of its last four fiscal quarters, and the company's share price nearly tripled between mid-March and mid-October. Huang owns nearly Blavatnik made his initial fortune in Russia's natural resource industry, and he has invested much of how billionaires made money in the United States and Great Britain.
Today, Blavatnik owns Access Industries, a New York-based industrial group with holdings in industries spanning biotech, entertainment, and real estate, and most of the Warner Music Group record label.