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Millionaires and billionaires
MoneyWealth

Bezos keeps his crown among centibillionaires as LVMH’s boss Arnault becomes the third man with 11 zeros in his bank account

  • The emergence of atypical fortunes underscores just how much money the uber-rich accumulated in 2019
  • The richer they were at the start of the year, the richer they got.

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Jeff Bezos, Amazon.com’s founder and CEO, at The Economic Club in Washington DC on September 13, 2018. Photo: AP Photo
Bloomberg

The leveraging of a giant social-media presence, a catchy tune about a family of sharks and a burgeoning collection of junkyards are just a few of the curious ways that helped make 2019 a fertile year for fortunes to blossom around the world.

Kylie Jenner became the youngest self-made billionaire this year after her company, Kylie Cosmetics, signed an exclusive partnership with Ulta Beauty. She then sold a 51 per cent stake for US$600 million.

It has been almost two months since the Washington Nationals captured their first World Series championship, but people around the world are still singing along to the baseball team’s adopted rallying cry: “Baby Shark, doo-doo doo-doo doo-doo.” The Korean family that helped popularise the viral earworm are now worth about US$125 million.

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Even car wrecks proved to be a treasure trove. Willis Johnson, the gold-chain-wearing Oklahoma native who founded Copart, has amassed a US$1.9 billion fortune by building a network of junkyards to sell damaged autos.

Ryan Lee Seung-kyu, chief financial officer and co-founder of the South Korean company SmartStudy, responsible for creating the viral children’s hit Baby Shark Song, at New Mandarin Plaza in East Tsim Sha Tsui on 16 July 2019. His family’s wealth is estimated at US$125 million. Photo: May Tse
Ryan Lee Seung-kyu, chief financial officer and co-founder of the South Korean company SmartStudy, responsible for creating the viral children’s hit Baby Shark Song, at New Mandarin Plaza in East Tsim Sha Tsui on 16 July 2019. His family’s wealth is estimated at US$125 million. Photo: May Tse
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The emergence of atypical fortunes underscores just how much money the uber-rich accumulated in 2019.

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