News Snapshot:
As over 2.8 million people have died globally from Covid-19 in the past year, the wealth of the world’s billionaires has surged. The planet’s 2,365 billionaires have seen their wealth increase $4 trillion, or 54 percent, during the pandemic year. Their combined wealth rose from $8.04 trillion to $12.39 trillion between March 18, 2020 and March 18, 2021. Thirteen billionaires saw their wealth increase over 500 percent (see the “500 Percent Club” below). Many of them are connected to companies that benefited enormously from the conditions of the pandemic, including having their competition shut down or diminished. There are 270...
