The 2020 £250 Billion Tech Bonanza

Have you ever heard the expression: “The rich get richer when times are hard?”.

Whilst the world was suffering from the Covid-19 pandemic, with economies in recession and unemployment rising; this is certainly the case with the owners of the Tech Giants in 2020.

The leaders behind America’s biggest technology companies added nearly £250 billion to their fortunes last year. This equates to £29 million per hour between them.

Technology disrupter Elon Musk has made the biggest gains; adding an astonishing £94 billion to his wealth in 2020.  Meanwhile, Amazon founder Jeff Bezos added £54 billion to his fortune; but pledged £7 million to help fight climate change this year.

Mark Zuckerberg, founder and boss of Facebook, added £17 billion to his fortune.  Whilst Bill Gates, who founded Microsoft in 1975, and has to be considered one of the most credited technology innovators of our lifetimes, wealth rose by a modest £13 billion. He has donated millions of pounds to fund the vaccine for Covid-19 which will no doubt be gratefully received.

We can only hope for some kind of normality in the coming months, otherwise these four individuals will be even richer by the end of the 2021!

For further information please contact Ed or Kelly on 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk.