Billionaires around the world added $4 trillion to their wealth during the pandemic

Economy, Policies

Billionaires around the world added $4 trillion to their wealth during the pandemic

From March 18, 2020, to March 18, 2021, the world’s billionaires added $4 trillion to their wealth, according to a new report from the left-leaning Institute for Policy Studies (IPS).

That’s a 54% increase for the world’s 2,365 billionaires, who now have $12.39 trillion. The wealthiest 20 billionaires alone added $742 billion to their collective wealth during a pandemic — a 68% increase.

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