The superrich get superricher thanks to pandemicApril 2021
While millions of people lost their jobs and got poorer during the covid pandemic, the rich got richer. Most billionaires around the world saw their wealth increase in 2020, according to Forbes.
The number of billionaires rose to 2,755 from 2,095 last year. Jeff Bezos is still the world’s richest man, followed by Elon Musk.
Covid-19 has been good to the rich in part because they own businesses that got a boost from online shopping, like in the case of Bezos’s Amazon.
Another important factor is that the rich got government help. The world’s central banks have lowered interest rates and that’s increased the value of their assets, including real estate and stocks.
Here are other points worth knowing about the superrich:
- The countries with the most billionaires are the US, China and India.
- The cities where most billionaires live are Beijing and New York.