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  • Have you heard that every crisis presents an opportunity?

  • It depends on how you look at it.

  • While most people got slightly poorer during this pandemic, billionaires have never been

  • so wealthy before.

  • Back in April, when the pandemic just started, the global wealth of all billionaires was

  • around 8 trillion dollars.

  • Fast forward to today, it has climbed to $10.2.

  • trillion.

  • yes, billionaires made over 2.2 trillion dollars in the last six months.

  • In fact, the number of billionaires also increased.

  • In 2017 there were 2,158 billionaires.

  • Guess how many billionaires are there now?

  • 2,189! 31 one more people became billionaires in the middle of an economic crisis that's

  • as big as the great depression

  • So, it turns out that every crisis does actually presents opportunities.

  • But if you are not ready for them, you will miss them as most people do.

  • But don't worry, crises always happen every 5 to 10 years.

  • There will be another major crisis, so instead of regretting that you haven't been quick

  • enough, prepare yourself for the next one.

  • And one way to do that is to find out how some people took advantage of this crisis

  • and became billionaires.

  • We are not going to talk about the billionaires who got wealthier like Bezos or Elon Musk,

  • yes they made a ton of money during this crisis.

  • Elon Musk went from 20 billion dollars in 2019 to almost 94 billion dollars this year.

  • In fact, statistics point out that billionaires across every industry saw their wealth increase

  • by double digits, especially those in the industrial, technology, and health care sectors.

  • With low-interest rates and a crisis of such a magnitude, only the strongest and smartest

  • will prevail and end up ripping the rewards.

  • So let's start with the first person on our

  • list who wasn't a billionaire just last year, and yet in 2020, joined the billionaire's

  • club.

  • Timothy Springer

  • You probably haven't heard about him before,

  • neither did I until I did the research for this video.

  • He is a Harvard biology professor.

  • Back when the pandemic wasn't even a thing, Tim understood the danger that viruses could

  • potentially cause.

  • So a decade ago, he came across a company in Massachusetts called Moderna.

  • It was a biotech company that focused on drug discovery, drug development, and vaccine technologies.

  • It wasn't as exciting as electric cars or online shopping, but as a biology professor,

  • he understands the importance of vaccines.

  • So he decided to invest in this company.

  • Currently, he owns 3.5 percent of the company.

  • Since Moderna is valued at around 30 billion dollars at the time of this video, his stake

  • equals to around 1 billion dollars, not bad for a Harvard professor.

  • Moderna is one of the leading companies that's

  • working on a vaccine.

  • In fact, they have developed a new type of vaccines that's much different from how we

  • use to create vaccines for decades.

  • The company successfully passed phase 1 and phase 2 of testing that vaccine and currently

  • in phase 3.

  • If it turns out to be successful, Moderna will be one of the first companies to release

  • an FDA-approved vaccine, which means that the company's stock will shoot through the

  • roof, and Timothy Springier might double or even triple his net worth in the coming few

  • months

  • 
 2.

  • Number 2 Trevor Milton

  • If you take a look at Forbes list 2019, you won't find Trevor Milton in it because he

  • wasn't even close to being a billionaire, but 2020 gave him a unique opportunity.

  • Throughout his career, he started multiple businesses; however, luck was never on his

  • side since all of his ventures failed.

  • In fact, he was accused of fraud for his business practices, but that never stopped Milton from

  • trying again.

  • In 2015, he launched his new business Nikola, inspired by Elon Musk since he literally took

  • the first name of the inventor Nikola Tesla, and the company is also working on building

  • electric vehicles.

  • They haven't proved anything yet, but because investors flooded the stock market with cash

  • since there weren't any other better options, Nikola came to light and caught the attention

  • of investors as the next Tesla, those who missed the opportunity to invest in Tesla

  • quickly jumped in, so the valuation quickly surged to almost 10 billion dollars making

  • Milton a billionaire since he owns 25 percent of the company.

  • No one knows how long he will be a billionaire since the company is already being investigated

  • by the department of justice and SEC for committing fraud.


  • 3.

  • Alice Schwartz

  • What is the best age to become a billionaire?

  • Probably 20s or 30s since you will be at the peak of your energy and can enjoy life at

  • its fullest capacity.

  • But some people never give up until the end, such as Alice Schwartz, who is now a billionaire

  • at the age of 93, yes you heard it right, 93!

  • It seems like her children have a lot to inherit.

  • Schwartz graduated from UC Berkeley with a degree in biochemistry, where she met her

  • future husband.

  • The couple went on to start Bio-Rad Laboratories.

  • The company manufactures products for the life science research and clinical diagnostics

  • markets such as instruments, software, consumables, reagents, and content for the areas of cell

  • biology, gene expression, protein purification, protein quantitation, drug discovery

  • Bio-Rad's diagnostic products and systems use a range of technologies and provide clinical

  • information in the blood transfusion, diabetes monitoring, and infectious disease testing

  • markets.

  • These products are used to support the diagnosis, monitoring, and treatment of diseases and

  • other medical conditions.

  • The business didn't sound exciting back then; however, things turned the other way around.

  • The pandemic forced everyone to pay greater attention to our health and pushed many investors

  • to invest in healthcare companies, which eventually made Alice Schwartz worth 2.2 billion dollars.

  • 4.

  • Eric Yuan

  • This man spent his entire life getting ready for such an opportunity.

  • The company that took the best advantage out of this pandemic is ZOOM.

  • Everyone from private companies to government officials suddenly started using zoom.

  • There are, of course, alternative options such as Skype, Facebook, and others, but Eric

  • Yuan built a system that's simply better and easier to use.

  • Suddenly in a world where social distancing is the norm, everyone started looking for

  • a way to communicate, conduct meetings, lectures, and zoom was just the best option.

  • The company's valuation jumped from 17.7 billion dollars in 2019 to 150 billion dollars at

  • the time of this video.

  • Eric worked in this industry for almost two decades, and when he pitched his idea to Cisco,

  • he was rejected, so he went on to start Zoom on his own.

  • And now his net worth is almost 20 billion dollars

  • 5.

  • Rodney Sacks  


  • I was never a fan of energy drinks.

  • I would drink red bull once in a while, but when we had to quarantine, I started trying

  • different energy drinks as a way to keep myself motivated and productive since spending the

  • entire day at home makes you lazy.

  • And that's what pushed Rodney Sack to become a billionaire.

  • Back in 1992, he purchased a drinks company Hansen Natural with his partner.

  • The business did pretty well.

  • Ten years later, the company decided to launch an energy drink by the name Monster, which

  • turned out to be so successful that in 2012 the company changed its name to Monster Beverage.

  • The company caught the attention of Coca-Cola, where they purchased a 16.7% stake in Monster

  • Beverage for $2.15 billion in cash and opened its global distribution arm to Monster.

  • Rodney Sack was already a pretty wealthy man by then; however, the pandemic pushed Monster

  • beverages stock price to surge, giving Sack a seat at billionaires table

  • Here you go, this is your list of people who

  • never appeared on Forbes billionaires list before, and yet this year, when the economy

  • was down, when millions lost their jobs, when panic struck the world, these people were

  • prepared for such an opportunity and took full advantage out of it and turned into multi-billionaires.

  • Some of them did it while they are young, others did in their 90s.

  • Everyone has a different path here on earth, so you don't have to look at others and compare

  • yourself to what others are doing but rather focus on yourself, on your strengths, on your

  • circumstances.

  • Back in 2008, some people took advantage of the housing market and made enormous amounts

  • of money.

  • Back in 2000s when the dot com bubble burst, people made fortunes.

  • Don't feel bad or sorry for missing this opportunity, because such an opportunity comes every 5

  • to 10 years.

  • You need to focus on being ready for the next one.

  • I hope you have enjoyed this video and found it helpful.

  • If you did, make sure to give it thumbs and if you are new around here, then subscribe

  • for brand new videos.

  • Thanks for watching and until next time

Have you heard that every crisis presents an opportunity?

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How Many Billionaires Coronavirus Created

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    Summer posted on 2020/11/07
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