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Elon Musk and More Billionaires Who Have Struck It Rich by Going Green

·5 min read
Hannibal Hanschke/AP/Shutterstock / Hannibal Hanschke/AP/Shutterstock
Hannibal Hanschke/AP/Shutterstock / Hannibal Hanschke/AP/Shutterstock

It turns out "going green" can be as good for your wallet as it is for the environment. In a recent analysis, Bloomberg Green identified billionaires who owe at least part of their fortune to technologies that reduce carbon emissions in the atmosphere. Many have gotten rich thanks to the explosive growth in demand for electric vehicles, batteries and solar power in recent years.

Tips: Building a Green(er) Portfolio

Take a look at how Elon Musk and other billionaires are profiting from the fight against climate change.

Last updated: April 14, 2021

Elon Musk Tesla CEO net worth
Elon Musk Tesla CEO net worth

Elon Musk

  • Company: Tesla

  • Net worth: $199.2 billion

  • Green net worth (portion of wealth driven by businesses that reduce greenhouse gas emissions): $180.7 billion

  • Country: U.S.

Tesla's electric vehicles are making the world a greener place. According to Bloomberg, Tesla vehicles have been driven more than 10 billion miles to date, resulting in combined savings of more than 4 million metric tons of carbon dioxide.

Find Out: Just How Rich Are Donald Trump, President Joe Biden and These Other Big Names?

CATL
CATL

Zeng Yuqun, Huang Shilin, Pei Zhenhua, Li Ping

  • Company: CATL

  • Net worth: $61.6 billion

  • Green net worth: $60.7 billion

  • Country: China

CATL is the world's largest maker of electric vehicle batteries. It supplies EV batteries to Tesla, BMW, Volvo and more.

See: These 47 Billionaires Got Richer During The Pandemic

Mandatory Credit: Photo by ROMAN PILIPEY/EPA-EFE/Shutterstock (9896428o)An employee works at the production line of Longi Silicon company in Xi'an, the capital of Shaanxi Province, China, 26 September 2018.
Mandatory Credit: Photo by ROMAN PILIPEY/EPA-EFE/Shutterstock (9896428o)An employee works at the production line of Longi Silicon company in Xi'an, the capital of Shaanxi Province, China, 26 September 2018.

Li Zhenguo, Li Chunan, Li Xiyan, Zhong Baoshen

  • Company: Longi

  • Net worth: $16.1 billion

  • Green net worth: $16.1 billion

  • Country: China

Established in 2000, Longi is the world's biggest manufacturer of solar wafers -- the building blocks of solar panels. The company supplies roughly a quarter of the solar wafers and modules that are used worldwide.

Read: The World’s 20 Richest Millennials

Mandatory Credit: Photo by Pavlo Gonchar/SOPA Images/Shutterstock (11790095n)In this photo illustration a BYD logo of an automotive Chinese multinational is seen on a smartphone and a pc screenIllustrative photo in Ukraine - 07 Mar 2021.
Mandatory Credit: Photo by Pavlo Gonchar/SOPA Images/Shutterstock (11790095n)In this photo illustration a BYD logo of an automotive Chinese multinational is seen on a smartphone and a pc screenIllustrative photo in Ukraine - 07 Mar 2021.

Wang Chuanfu, Lv Xiangyang, Xia Zuoquan

  • Company: BYD

  • Net worth: $33.5 billion

  • Green net worth: $13.4 billion

  • Country: China

The carmaker is working to convert Shenzhen, China's entire fleet of buses, taxis and trucks into plug-in electric vehicles. Berkshire Hathaway has owned a stake in the company since 2008.

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Eve Energy
Eve Energy

Liu Jincheng

  • Company: Eve Energy

  • Net worth: $10.9 billion

  • Green net worth: $10.9 billion

  • Country: China

Eve Energy is the fifth-largest supplier to China's electric vehicle sector. Its clients include BMW and Daimler.

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Mandatory Credit: Photo by Alex Tai/SOPA Images/Shutterstock (10925185h)Xpeng Motors P7 electric vehicle seen at a store in ShenzhenBrands and Logos in Shenzhen, China - 5 Oct 2020.
Mandatory Credit: Photo by Alex Tai/SOPA Images/Shutterstock (10925185h)Xpeng Motors P7 electric vehicle seen at a store in ShenzhenBrands and Logos in Shenzhen, China - 5 Oct 2020.

He Xiaopeng, Xia Heng

  • Company: XPeng

  • Net worth: $10.3 billion

  • Green net worth: $10.3 billion

  • Country: China

Automaker Xpeng manufactures an EV sedan and an EV SUV, with an all-electric sedan due to be introduced later this year. The company also provides free EV charging services at 670 stations across 100 Chinese cities.

Find Out: Where 51 CEOs Went to College

Mandatory Credit: Photo by JULIAN SMITH/EPA-EFE/Shutterstock (10074209dp)Executive Chairman of Visy Industries, Anthony Pratt is seen in the crowd before the start of the men's singles final between Novak Djokovic of Serbia and Rafael Nadal of Spain at the Australian Open Grand Slam tennis tournament in Melbourne, Victoria, Australia, 27 January 2019.
Mandatory Credit: Photo by JULIAN SMITH/EPA-EFE/Shutterstock (10074209dp)Executive Chairman of Visy Industries, Anthony Pratt is seen in the crowd before the start of the men's singles final between Novak Djokovic of Serbia and Rafael Nadal of Spain at the Australian Open Grand Slam tennis tournament in Melbourne, Victoria, Australia, 27 January 2019.

Anthony Pratt

  • Company: Pratt Industries

  • Net worth: $9 billion

  • Green net worth: $9 billion

  • Country: Australia

Pratt Industries is the largest privately-held producer of 100% recycled paper and packaging in the world. The company said that its operations -- which utilize clean energy plants -- save 85,000 trees, 35 million gallons of water and more than 5,000 tons of greenhouse gas emissions each day.

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Mandatory Credit: Photo by Ng Han Guan/AP/Shutterstock (10750072f)Chairman William Li speaks during an event at the company flagship store in Beijing on .
Mandatory Credit: Photo by Ng Han Guan/AP/Shutterstock (10750072f)Chairman William Li speaks during an event at the company flagship store in Beijing on .

Li Bin

  • Company: Nio

  • Net worth: $9 billion

  • Green net worth: $9 billion

  • Country: China

Electric vehicle maker Nio is currently building out a network of 500 power-swap stations. At these stations, people can change their car's battery rather than recharge it.

See: 20 Hobbies of the Rich Only They Can Afford

Mandatory Credit: Photo by Focke Strangmann/AP/Shutterstock (7068507h)Aloys Wobben Aloys Wobben, Enercon-Geschaeftsfuehrer und Gruender, posiert am Dienstag, 15.
Mandatory Credit: Photo by Focke Strangmann/AP/Shutterstock (7068507h)Aloys Wobben Aloys Wobben, Enercon-Geschaeftsfuehrer und Gruender, posiert am Dienstag, 15.

Aloys Wobben

  • Company: Enercon

  • Net worth: $8.9 billion

  • Green net worth: $8.9 billion

  • Country: Germany

Enercon is one of the world's largest wind turbine companies. It was founded by Aloys Wobben, who developed his first wind turbine in the 1970s.

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solar-panels
solar-panels

Lin Jianhua

  • Company: Hangzhou First Applied Material

  • Net worth: $8.7 billion

  • Green net worth: $8.7 billion

  • Country: China

First Applied Material makes more than half the world’s ethylene vinyl acetate films, an essential component of solar panels.

Read: 28 CEOs That Have Saved or Sunk Major Corporations

Li Auto
Li Auto

Li Xiang, Fan Zheng

  • Company: Li Auto

  • Net worth: $6.9 billion

  • Green net worth: $6.9 billion

  • Country: China

Founded in 2015, Li Auto delivered more than 32,000 electric vehicles in 2020.

Check Out: Global Catastrophes Jeff Bezos Could Fix and Still Be the Richest Man in the World

sungrow power supply
sungrow power supply

Cao Renxian

  • Company: Sungrow Power Supply

  • Net worth: $6.3 billion

  • Green net worth: $6.3 billion

  • Country: China

Sungrow Power Supply controls about 15% of the global market for solar inverters. These devices convert solar energy from solar panels into alternating current that can be used to power a home or business, or utility grid.

Find Out: 16 Money Rules That Millionaires Swear By

Yadea
Yadea

Dong Jinggui, Qian Jinghong

  • Company: Yadea

  • Net worth: $5 billion

  • Green net worth: $5 billion

  • Country: China

E-scooter company Yadea was founded by husband-and-wife team Dong Jinggui and Qian Jinghong in 2001.

See the List: 10 States With the Most Millionaires

Wuxi Lead
Wuxi Lead

Wang Yanqing

  • Company: Wuxi Lead

  • Net worth: $4.6 billion

  • Green net worth: $4.6 billion

  • Country: China

Wuxi Lead is the largest publicly traded manufacturer of lithium battery equipment in China. It counts Panasonic and Sony among its clients.

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rows array of polycrystalline silicon solar cells or photovoltaics in solar power plant turn up skyward absorb the sunlight from the sun on blue sky background.
rows array of polycrystalline silicon solar cells or photovoltaics in solar power plant turn up skyward absorb the sunlight from the sun on blue sky background.

Jin Baofang

  • Company: JA Solar Technology

  • Net worth: $4.5 billion

  • Green net worth: $4.5 billion

  • Country: China

JA Solar Technology is one of China’s largest manufacturers of several solar panel components. The company sells its products to more than 135 countries and regions.

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This article originally appeared on GOBankingRates.com: Elon Musk and More Billionaires Who Have Struck It Rich by Going Green

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