Billionaires Have Grown to $10.2 Trillion – Research

Billionaires List

The mark became a new record – the previous peak was recorded in 2017, when they owned $8.9 trillion.

The dollar billionaires had a record $10.2 trillion as of the end of July 2020. This is evidenced by the results of a joint study of the consulting and auditing company PwC and the bank UBS, published on Wednesday, October 7.

The previous peak of $8.9 trillion was recorded in 2017.

Now the number of billionaires has increased to 2,189 thousand compared to 2,158 thousand in 2017.

According to the report, at the beginning of April 2020, there were 2,058 thousand billionaires in the world (43 less than a year earlier), whose total fortune was $8 trillion ($564 billion less than a year earlier).

billionaires

“As this is an exceptional year, we have decided to expand our research even further and go beyond the standard time frame of analysis to account for the stock market recovery from the March 2020 COVID-19 crash,” it said.

It is noted that the richest people from March to June spent more on the fight against the pandemic than ever before. Over 200 billionaires have publicly announced a total of more than $7.2 billion in donations, including in financial donations ($5.5 billion), as well as industrial goods and equipment.

At the same time, the fortune of American billionaires from 2009 to 2020 grew by 170% and is now almost $ 3.609 trillion. In mainland China, wealthy assets soared 12.5 times to $1.681 trillion. In Germany, the indicator increased by 175% and reached $ 595 billion, in Russia – by 80%, to $467.6 billion, in France – by 439%, to $ 443 billion, in India – by 90%, to $ 423 billion, in Hong Kong – by 208%, to $356 billion.

Finally, the EMEA (Europe, Middle East and Africa) region had 596 billionaires at the end of July (up 85 over the past year) with a combined net worth of $2.723 trillion.

On the threshold of a trillion. Bezos capitalized on the pandemic

Recall that earlier Musk’s fortune exceeded $100 billion for the first time. The businessman got rich thanks to the growth of shares of his auto company Tesla. Since the beginning of the year, Musk’s fortune has increased by $73.6 billion.

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