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Billionaires earn $ 10.2 trillion in corona crisis

According to the report of UBS, one of the largest investment banks in the world. Billionaires’ wealth increased by a quarter during the period when millions of people unemployed due to the coronavirus pandemic.

UBS executive Josef Stadler said there could be a global rebellion against the rich.

Millions lost their jobs and trying to live on government aid due to the Covid-19 pandemic. The ‘super rich’ continue to add wealth to their wealth.

According to a report from Swiss bank UBS, billionaires’ wealth increased by $ 10.2 trillion during this period.

As a result of the Covid-driven mobility in the markets, it was stated that the super-rich increased their wealth by about a quarter.

According to the UBS report, between April and July, when the corona crisis peaked, billionaires’ wealth increased by 27.5 percent.

Accordingly, billionaires mostly benefited from the improvement in the markets, which fell in March-April.

The UBS report stated that ‘the wealth of billionaires has hit a new peak, beating the 8.9 trillion peak at the end of 2017.

Accordingly, in the Covid-19 process, the number of billionaires in the world also increased to 2 thousand 89.

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Written by Maraaz

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