Billionaires Increased Their Wealth by 27 Percent During the Pandemic
While the coronavirus epidemic significantly affects the health sector and people's lives, it also causes economic losses due to the halt of normal life.
While the coronavirus epidemic significantly affects the health sector and people's lives, it also causes economic losses due to the halt of normal life.
While the coronavirus epidemic significantly affected the health sector and people's lives, many countries and companies were also negatively affected economically due to the halt of normal life. The fact that people are staying at home more and changing their habits has benefited some companies. Especially companies in the field of online shopping and technology are experiencing this process. positive As they emerged, the billionaires at the helm of these companies also added to their wealth.
Swiss Bank UBSAccording to the report of , the richest people in the world increased their wealth from April to July this year.27.5 percent increasing to 10.2 trillion dollars raised it. This high increase was due to global share prices rising significantly from the previous peak of $8.9 trillion at the end of 2017. billionaires COVID-19 Stating that it managed the crisis extremely successfully, UBS stated that the number of billionaires increased from 2,158 in 2017 to 2,189 in 2020.
Demand increased during the pandemic period
According to the UBS report, this year's biggest winners among billionaires are: April – July between the months of their wealth surprisingly 44 percent It was industrialists who increased it. During this period, technology billionaires also managed to increase their wealth by 41 percent. UBS said this increase was “Demand for goods and services due to the COVID-19 outbreak" And "social distance accelerating digital businesses and the process of compressing several years of development into a few monthsHe said it happened because of.
Another sector positively affected by the crisis is healthcare sector happened. Although healthcare workers had a hard time fighting at the forefront during this process, pharmaceutical manufacturers and medical device developers made the billionaires who produce in the field of healthcare even richer.
Billionaires donate $7.2 billion to fight COVID-19
According to the report prepared by UBS, between March and June 2020 209 billionaires in total within the scope of the fight against coronavirus $7.2 billion donation did. The money that billionaires earned in this process was much higher than this donation.
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