Going green is increasingly becoming a way to make bank.
Elon Musk, the CEO of Tesla, is the richest of the billionaires who owe their fortune to technologies that reduce carbon emissions in the atmosphere, according to an analysis by Bloomberg Green that was published Tuesday.
A full $180.7 billion of Musk’s $199.2 billion net worth was deemed “green net worth” by Bloomberg.
Though Musk’s fortune is largely thanks to electric vehicle maker Tesla, some is from his holdings in SpaceX, and rockets emit carbon dioxide into the atmosphere when they blast off. For this reason, Musk’s wealth from SpaceX was not included in his “green” net worth.
Many of the rest of the so-called “green billionaires” are from China, according to Bloomberg Green, as China is a front-runner in the development and sale of technology to build clean energy economies. The list is also dominated by billionaires in the electric vehicle industry (and related component parts) and the solar energy industry.
For the ranking, Bloomberg Green used the net worth of each individual based on the Bloomberg Billionaires Index on Jan. 28, and also calculated the portion of their wealth driven by businesses that reduce greenhouse gas emissions. (In some cases, those numbers are one in the same.)
Further, if several business leaders made their fortune from a particular company, the billionaires and their collective net worths are grouped together in one entry by Bloomberg Green. (For example, Zeng Yuqun, Huang Shilin, Pei Zhenhua and Li Ping owe their status as billionaires to CATL, the battery maker. Bloomberg Green did not delineate how much of the total $60.7 billion in wealth generated from CATL is owned by each stakeholder.)
Here are the top global green billionaires, according to Bloomberg Green. For the complete list, see Bloomberg Green’s ranking.
Net worth: $199.2 billion
Green net worth: $180.7 billion
Company: Tesla, makes electric vehicles
Zeng Yuqun, Huang Shilin, Pei Zhenhua, Li Ping
Net worth: $61.6 billion
Green net worth: $ 60.7 billion
Company: CATL, the world’s largest maker of electric vehicle batteries, supplies carmakers including Tesla, Toyota, BMW, Volvo
Li Zhenguo, Li Chunan, Li Xiyan, Zhong Baoshen
Net worth: $16.1 billion
Green net worth: $16.1 billion
Company: Longi, the world’s largest manufacturer of “solar wafers,” which is what is used to build solar panels
Wang Chuanfu, Lv Xiangyang, Xia Zuoquan
Net worth: $ 33.5 billion
Green net worth: $13.4 billion
Company: BYD, electric vehicle maker currently converting Shenzhen, China’s fleet of buses, taxis, and trucks into electric vehicles. Berkshire Hathaway, the investment company led by Warren Buffett, has owned a portion of BYD since 2008.
Net worth: $10.9 billion
Green net worth: $10.9 billion
Company: Eve Energy, a supplier to electric vehicle manufacturers, including clients such as Daimler, BMW, and Xpeng
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