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Elon Musk Tops List of Green Billionaires
Posted
March 12, 2021
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6,851
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March 12, 2021
6,851
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3:35Now PlayingJohn D. Rockefeller became the richest person in history revolutionizing the oil industry. A century and a half later, Elon Musk is in the running for that same title by eliminating demand for Rockefeller’s chief product.
As the planet’s climate crisis accelerates, the fastest-growing fortunes in the world are now green thanks to a new generation of tycoons amassing wealth in the clean energy boom. Topping the list is the chief executive officer of Tesla Inc., whose fortune soared 622% in the past year, to $199.2 billion. Musk’s riches have recently come the closest of any modern fortune to matching the estimated, inflation-adjusted value of Rockefeller’s Standard Oil empire.
The 15 billionaires on Bloomberg Green’s new ranking showcase the explosive growth of electric vehicles, batteries, and solar power. Not every dollar in these fortunes is derived from climate-aligned businesses whose core products reduce greenhouse gas emissions. With Musk, for example, his green net worth, or the portion of his fortune tied to cars and solar, is $180.7 billion—91% of his overall wealth—but it excludes his interests in other businesses such as space rockets.
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