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Top 5 billionaires whose fortunes grow fastest during Covid-19 are all from China

By Phate Zhang
Jun 24, 2020 at 9:06 PM UTC
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Top 5 billionaires whose fortunes grow fastest during Covid-19 are all from China-CnTechPost

This new coronavirus pneumonia outbreak has set the world's economy back hard, but there are still companies that are bucking the trend and bringing those who are at the helm with more wealth.

According to the Wealth Impact 4mths after Covid-19 Outbreak report by Hurun Institute, the five billionaires with the fastest growing wealth are from China.

They are Huang Zheng from Pinduoduo, Pang Kang from Foshan Haitian Flavouring & Food Co, Xu Hang from Mindray Medical International, Liu Yonghao from New Hope Group, and Zhang Yonghao and Shu Ping from Haidilao.

Top 5 billionaires whose fortunes grow fastest during Covid-19 are all from China-CnTechPost

Huang Zheng's wealth grew rapidly to $250 billion, with an average growth of $1 billion per day for the four months of the epidemic.

But that's not all; the world's largest increase in wealth in the four months of the epidemic was that of Amazon's Jeff Bezos, with an increase of 150 billion.

The fastest-growing wealth during the epidemic has been in Internet companies as well as offline brick-and-mortar businesses, but overall, Internet companies have The growth was even more pronounced during the period.

In addition to Huang Zheng, Pony Ma, Jack Ma and Liu Qiangdong's wealth has also grown at a high rate.

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