Billionaire Roundup: Ho Ho Ho Holiday Edition

By on December 31, 2020 in ArticlesBillionaire News

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Hey there party people! Were your stockings hung by the chimney with care? Were the cookies baked and the presents wrapped? Or were you, in typical 2020 fashion, leaving it all to the last minute? Christmas was different for many of us this year, but there's no reason we couldn't enjoy it as a hopefully one-off year of a much smaller and less festive holiday season. One thing we shouldn't be doing is having large maskless parties like the one that took place at President Trump's Mar-a-Lago very recently. Also, billionaire Ray Dalio and his family will be mourning a family member's passing this year. And finally, Elon Musk and a number of other billionaires have billions of reasons to celebrate 2020 as they all grew their net worths by enormous amounts. This is the latest edition of the Billionaire Roundup.

Hundreds Of Maskless Republicans Celebrate At Mar-A-Lago

The prominent right-wing youth group Turning Point USA hosted an event indoors for hundreds of people at Donald Trump's Mar-A-Lago in Palm Beach, Florida one night and 2,000 people indoors the following night. Many did not wear masks. Guests of the event included high profile White House officials, GOP elected officials, and right-wing activists who defied Palm Beach County's COVID-19 mitigation orders which call for mark wearing in all business and establishments and call for social distancing. Attendees of the event included Donald Trump, Jr., Matt Gaetz, Kayleigh McEnany, Rand Paul, Laura Ingraham, and South Dakota Governor Kristi Noem. Photos posted on their social media accounts show the guest posing with speakers without masks on, standing close together, indoors.

Joe Raedle/Getty Images

Billionaire Ray Dalio's Son Dies In Car Wreck

Our thoughts and prayers are with hedge fund billionaire Ray Dalio and his family. His 42-year-old son Devon Dalio died in a car crash last week. On Thursday, December 15, his Audi crashed into a Verizon store in Greenwich, Connecticut, and burst into flames. The store was almost completely destroyed. The cause of the crash is under investigation. Devon was a project manager at his father's company Bridgewater Associates and was a member of the board of directors of the Dalio Foundation. He is survived by his parents, his wife, daughter, and three brothers. Ray Dalio issued a statement on Twitter saying the family was "mourning and processing and would prefer to be incommunicado for the time being." He followed that up with another Tweet saying: "We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them," he said in a follow-up tweet. "May God be with you and may you cherish your blessings, especially at this time of year."

Elon Musk's Incredible 2020

Tesla and SpaceX billionaire Elon Musk is having an incredible year. Not only did Tesla make a major splash on the S&P 500, but he's added more than $100 billion to his net worth in the last year. On December 7, 2019, we figured Musk's net worth was $23 billion. Today, his net worth is $150 billion, making him the second richest person in the world.

It's Not Just Elon Musk

Let's face it, the pandemic has been good for a number of billionaires. Amazon's Jeff Bezos has seen his net worth jump from $124 billion a year ago to $187 billion today. Dan Gilbert, the founder of Rocket Companies was worth $3.6 billion in August and is worth $44 billion today. Mark Zuckerberg was worth $50 billion a year ago and is worth $104 billion today. And finally, Mackenzie Scott was worth $36 billion a year ago and is worth $61 billion now, although she's also giving it away nearly as fast as her wealth multiplies.

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