Billionaire wealth reaches new high during Covid-19 pandemic: UBS report


Billionaire wealth reached record high levels amid the Covid-19 pandemic, a report by UBS and PwC found, as a rally in stock prices and gains in technology and healthcare helped the wealth of the world's richest break the $10 trillion mark. The report, covering over 2,000 billionaires representing some 98% of the cohort's total wealth, found billionaire wealth grew by more than a quarter during the early months of the pandemic to reach $10.

2 trillion in July, breaking the previous record of $8.9 trillion at the end of 2019. The.....

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