There are only five centibillionaires in the world.
According to Bloomberg Billionaires Index released on December 9, a centibillionaire is an individual whose personal fortune exceeds $100 billion.
While many expected 2020 to be a bad year for the wealthy due to the coronavirus pandemic, on the contrary, more billionaires have been made during this period.
Thanks to soaring stock prices at Tesla, the company Elon Musk founded, the quirky South African-born entrepreneur has seen his personal wealth soar to unimaginable heights of $147 billion.
He is now the second richest man on the planet.
Jeff Bezos is top of the list with a net worth of $182 billion, making the Amazon founder by far the wealthiest person on the planet.
And just like Musk, Bezos has his own rocket company.
Interestingly, Forbes magazine once called Bezos the richest human being who has ever lived.
His wealth is simply staggering, says Bloomberg wealth reporter Devon Pendleton, who helps compile the billionaire index.
“It is bigger than the GDP of most countries in the world. I mean, it is larger than the market cap of many companies that are on the S&P 500,” she says.
Rounding out the group of five centibillionaires are Bill Gates of Microsoft with a net worth of $129 billion, French luxury goods tycoon Bernard Arnault with $110 billion and Facebook CEO Mark Zuckerberg, the poorest of the five, with $105 billion.
The rising fortunes of the billionaires come in the midst of a pandemic that has thrown millions out of work, with many families still struggling to make ends meet.