Good for them!
According to a new report by UBS Group AG and PricewaterhouseCoopers, billionaire wealth soared 27.5 percent from the beginning of 2020 to $10.2 trillion in July. This is a record high.
The 2020 Billionaires Insights report, which included more than 2,000 billionaires in 43 markets, stated:
“Those that are the innovators and the disruptors, the architects of creative destruction in the economy, are still increasing their wealth. The net wealth of billionaires in entertainment, financial services, materials and real estate sectors lagged the rest of the universe.”
The study also found that the world’s wealthiest people donated $7.2 billion between March and June, but the researchers say that they probably donated even more privately.
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