Thanks to Government Stimulus Billionaire Wealth Hits $10 Trillion, According to UBS
Coronavirus has helped total billionaire wealth to its most significant level ever. Since the pandemic began, the total wealth held by billionaires around the world has developed by a quarter to over $10 trillion. The landmark coincides with another in the billionaire world, that of the world's first-ever $200 billionaire. Jeff Bezos' total assets crossed the $200 mark in August, exactly when UBS and PwC were tallying up the data for its annual report on billionaires. That re