/biz/ - Business & Finance

Billionaires see fortunes rise by 27% during the pandemic Anonymous Thu Oct 8 04:06:36 2020 No.23119423 [View]
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>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.

>It also said the number of billionaires had hit a new high of 2,189, up from 2,158 in 2017.

>It comes as a World Bank report on Wednesday showed extreme poverty is set to rise this year for the first time in more than two decades due to the pandemic.

How?

https://www.bbc.com/news/business-54446285

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