World's billionaires get richer during the pandemic, study shows

The coronavirus pandemic has made the super-rich around the globe even richer, according to a study by consulting firm PwC and the major Swiss bank UBS, cited by dpa. At the end of July, the total assets of the world's more than 2,000 billionaires had risen to a record level of around 0.2 trillion dollars, the analysis, published on Wednesday, shows. This level surpasses the previous peak of 8.9 trillion dollars, reached at the end of 2017.

The increased wealth of the super rich came thanks in part to the recovery of stock markets, while investments in fast-growing areas such as technology and health care in particular proved to be drivers of wealth, according to the study.

There are currently 2,189 men and women who have fortunes of more than a billion dollars. Cash, real estate and luxury goods as well as stocks and corporate assets were taken into account in assessing their fortunes, while liabilities were deducted.

For the report, UBS and PwC analysed data from 2,189 billionaires in 43 countries and conducted interviews with 60 billionaires.

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