Green and renewable energy companies are booming across the world. Electric car and renewable power companies are skyrocketing in valuation, a fact that’s becoming even more evident in the net worth of their top founders and executives. A new ranking from Bloomberg shows how one famous American tycoon tops the list of wealthiest executives in green energy while the majority hail from China.
In Bloomberg’s new ranking, Tesla founder and CEO Elon Musk is far and ahead the richest green energy executive on the planet with a net worth of over $180 billion tied to renewable energy. It’s no surprise Musk tops the list, with his electric car company ballooning in value over the course of 2020. The following four green tycoons, however, are all leaders of Chinese companies. Top executives of CATL, an energy storage company based in China, have amassed a green net worth of over $60 billion, while executives at Chinese solar power company Longi have a total green net worth of over $16 billion.
China has quickly become the global leader in driving new renewable energy companies and projects, despite continuing to be one of the largest investors in traditional fuels like coal and oil. Many countries around the world, however, are also rapidly scaling green industries as prices fall and urgency rises in the battle against climate change, and the forecasted revenue of the global industry as a whole continues to trend upward in the coming decade.