Billionaire fortunes reached an all-time
combined high of $10.2 trillion during the pandemic, and grew a
staggering 27% between April and July
- Billionaires worldwide saw their collective fortunes hit a record high of $10.2 trillion during the coronavirus pandemic, according to a new report by UBS and PwC.
- Their combined wealth jumped 27% between April and July.
- The 2,189 billionaires worldwide — a new record — profited from a boom in technology and a rally in stock prices during lockdown.
- The report also tracked wealth growth since 2009. China came out with the largest jump in billionaire wealth, with a 1,146% increase.
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