Top 5 Richest Tycoons in Renewable Energy

April 15, 2015 5:20 PM

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Top 5 Richest Tycoons in Renewable Energy

Not so many years ago the idea of a renewable energy CEO raking in billions, joining the ranks of oil barons, publishing tycoons, banking scions and other captains of industry would have seemed unlikely. The stereotype of the Birkenstock-clad hippy with dreams of a world powered by solar energy seemed to belong to the Age of Aquarius, not the dawn of the 21st century. This seemed especially so after the fall of communism ushered in a new era of capitalism and greed, all fueled to some extent by oil and gas, symbolized by the Bush years in the White House with their ties to American oil wealth, and the rise of the Russian energy oligarchs.

With the bull market in oil that followed the financial crisis in 2008, however, solar energy and to a lesser extent, wind, began to look more interesting to countries wanting to diversify away from expensive fossil fuels. The environmental movement and buy-in by governments that created incentives ...

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