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General News    H3'ed 10/9/20

Billionaire Wealth Hits $10 Trillion For First Time Ever Thanks To Government Stimulus: UBS

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Jeff Bezos - Caricature
Jeff Bezos - Caricature
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Coronavirus has boosted total billionaire wealth to its highest level ever. Since the pandemic begun, the total wealth held by billionaires around the world has grown by a quarter to over $10 trillion.

The landmark coinsides with another in the billionaire world, that of the world's first ever $200 billionaire. Jeff Bezos's net worth crossed the $200 mark in August, just when UBS and PwC were tallying up the data for its annual report on billionaires.

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At www.forbes.com
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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