The world’s richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

An unexpected event in 2020 affected all walks of life, resulting in the evaporation of many companies’ market value, which once led to the shrinkage of entrepreneurs’ wealth. But for some people, the “crisis” often hides opportunities. For example, more than 70 years in business, Li Ka-shing, encountered many crises in his life. He has always been able to “turn crises into safety”, successfully plunged to the bottom and accumulated a huge fortune. He has even been the richest Chinese for 15 years in a row.

People who can become the richest often firmly grasp the opportunity, always able to make good use of the opportunity when it comes. So, how much wealth do the richest people in the world, the richest people in Europe and the richest people in China have compared to each other? How did the wealth come about?

The world's richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

The world’s richest man – Jeff Bezos

Despite previous back-and-forth on the rich list, the top spot now falls to Jeff Bezos, who is once again the world’s richest man with a fortune of $191.4 billion. From a small online bookstore to an e-commerce company with a global presence, Bezos has led Amazon to dominate the e-commerce market in many parts of the world. Amazon started with e-commerce, integrating online and offline sales channels and actively laying out new retail formats.

At the same time, Amazon has also made frequent efforts in machine learning, cloud computing, artificial intelligence, robotics and other emerging technologies, forming a unique innovation ecosystem in the global innovation layout. Earlier, Amazon senior executive Paul Misener said: “Innovation is the DNA of Amazon. amazon will innovation experience and successful practices to more regions, more industries, to benefit global consumers and business users, to promote the development and upgrade of the entire industry,” it is because of amazon’s unique innovation, it is by many investors s favor. While its market capitalization exceeds RMB 1 trillion, it has also enabled Amazon founder Bezos’ wealth to rise and maintain the title of the world’s richest person several times.

The world's richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

Europe’s richest man – Bernard Arnault

On June 2, Louis Vuitton LVMH Chairman Bernard Arnault surpassed Amazon founder Jeff Bezos as the world’s richest man with his latest net worth of $192.6 billion. The gap widened to $5.8 billion. It is worth noting that Arnault has been increasing his holdings in Louis Vuitton (LVMH) in the open market for almost a year, especially in May, with several transactions reaching millions of euros.

But now his value has fallen to $164.7 billion.

Since the beginning of the year, Louis Vuitton (LVMH) shares have risen 28% to a market value of $330 billion. This is the third time in a year and a half that Arnault has topped the Forbes list of the world’s richest people. Thanks to the performance of its luxury goods group Louis Vuitton (LVMH moet) during the epidemic (LV owns Fendi, Dior and Givenchy), the company’s shares have soared over the past year, and Bernard Arnault’s fortune has jumped $110 billion (about 700 billion yuan) in the past 14 months as a result.

The world's richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

In addition, according to CCTV Finance, many international trips will be cancelled in 2020, which will seriously affect the global luxury market, and China, as the first country to achieve the resumption of production, will be a strong shot in the arm for the global luxury market. The latest figures show that mainland China will become the world’s largest market for Swiss watches for the first time in 2020. Meanwhile, the luxury market in mainland China grew 48% to nearly RMB 346 billion. in 2000, China accounted for only 1% of global luxury goods, but now it accounts for 35%. All indications are that the growth potential of high-end consumption in China is far greater than that of general consumption. Simply put, it is the Chinese who have bought the owner of Louis Vuitton to the richest seat.

The world's richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

China’s richest man – Glittering Zhong

Chairman of Nongfu Shanquan, Glittering Zhong replaced Jack Ma and Ma Huateng as China’s richest man in early 2021 and even surpassed India’s richest man, Mukesh Ambani, to become the richest man in Asia. Although he has now slipped from the top spot in Asia, he remains the richest man in China with a fortune of $62.6 billion.

No one would have thought that a water seller would become the richest man. We all know that China’s richest people have been Jack Ma, Ma Huateng and Wang Jianlin, who have taken turns being the richest, and they all came from the real estate or Internet industries. But Zhong furtively seems to be not so keen on these businesses, although for the time being, these two industries are China’s biggest “gold mine”, compared with them, although the physical enterprise is firmly established, but the profitability seems to be inferior.

Zhong furtively said publicly that he thinks the Internet is just a tool for us, treating it as a problem may cause China to lose track of economic development, and the Internet does not represent China’s economic development. When asked why he did not invest in the property market, Zhong furtively said that because the real estate industry does not suit him, because he does not like to deal with people, while real estate precisely needs to deal with many people.

The world's richest man is sitting on 1.2 trillion wealth, the richest man in Europe has 1 trillion wealth, what about the richest man in China

Glittering Zhong’s soaring fortune is due to his two listed companies, Nongfu Shanquan and Wantai Bio. But Wantai Biotech announced on Jan. 13 that Zhong furtively resigned, sparking speculation about whether the billionaire was resigning or cashing out. But in any case, to be the richest man in China is to have been the best at what they do in their field. Perhaps it’s more important for them to get their business done than their title.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-worlds-richest-man-is-sitting-on-1-2-trillion-wealth-the-richest-man-in-europe-has-1-trillion-wealth-what-about-the-richest-man-in-china/
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