Billionaires see fortunes rise by 27% during the pandemic

| November 4, 2020 | Leave a Comment

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Media Type: News / Op - Ed

Date of Publication: October 7

Year of Publication: 2020

Publication City: London, UK

Publisher: BBC

Author(s): Simon Read

Categories: ,

Billionaires have seen their fortunes hit record highs during the pandemic, with top executives from technology and industry earning the most.

The world’s richest saw their wealth climb 27.5% to $10.2trn (£7.9trn) from April to July this year, according to a report from Swiss bank UBS.

That was up from the previous peak of $8.9trn at the end of 2017 and largely due to rising global share prices.

UBS said billionaires had done “extremely well” in the Covid crisis.

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