New York, Dt
According to Forbes magazine, the total wealth of the world’s 600 billionaires (billionaires) has increased to 1.5 trillion by the year 2020. The year 2020 is notorious for disrupting economic activity worldwide due to the corona. Most countries remained under lockout-curfew for months. Therefore, there was a deadlock in the economic activity of the common people. But the fortunes of billionaires have risen rather than fallen.
As of December 31, 2017, the total wealth of the world’s billionaires. 2.3 trillion. It had grown to 11.5 trillion by the end of 2020. That is, the average wealth has increased by 20%. The total wealth of 200 billionaires in the United States increased by 50 billion during the year.
In India, the government is talking about doubling the income of farmers. The reality is different. Farmers are agitating and dying. In comparison, the wealth of India’s billionaires increased by 3 billion during the year.
Tesla Motors CEO Elon Musk made a big jump this time. His fortune rose from 110 billion to 12 billion, making him the third richest man in the world.
In which country has the wealth of billionaires increased?
Here is the total increase in wealth of billionaires from different countries during the year and an additional percentage compared to 2016. Additional figures are in the billions of dollars.
Increase in country wealth
US 90 (15%)
Hong Kong 40 (15%)
Japan Japan ()%)
Singapore Singapore (3%)
Sweden 40 (51%)