Item Link: Access the Resource
Media Type: News / Op - Ed
Date of Publication: October 7
Year of Publication: 2020
Publication City: London, UK
Author(s): Simon Read
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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