The Financial Times mentioned that during the pandemic, the wealth of billionaires in the world has increased to the record level as most of them had taken risks to investing heavily into the turbulent financial markets and benefitted from an increase in the use of technology. The annual research of Swiss bank UBS has recorded the collective wealth of these billionaires around 10.2 thousand billion dollars which is more than their 2017 collective wealth. Also the number of billionaires has increased to 2.189 as compared to 2017 where the number of billionaires was 2,158. However, the statistics collected in July show that the wealth of billionaires’ has declined because of the decline in the stock market. The data also suggest that it is still above the lowest points in 2020, when the combined wealth declined to $8 thousand billion because of the Pandemic spread. However, the philanthropic gifts had increased due to the pandemic by the Billionaires. The report by UBS mentions that 709 people between March and June have donated $7.2 billion collectively. Most of this amount such that $4.6 billion was donated in the US. In these calculations, the unnoticeable donations are not considered. You can search on the search engines about the richest people in the world and you can find their names, about where they spend their wealth and the way through which they have built their empires. This article will give you an idea about Top 10 Highest Earning Billionaires in 2020.
Jeff Bezos, total earnings recorded in 2020 is $75.4 billion. The net worth of the founder of Amazon has increased in the past few years and he was the richest man in the globe in the year 2020. During the pandemic lockdown, the company has experienced a boost in its sales which has increased the wealth of Jeff Bezos in an unbelievable way. Elon Musk is another billionaire with total earnings of $142 billion in 2020. Elon Musk is on top of the list of 5 highest-earning billionaires in 2020 with wealth over $142 billion which is the highest value in history. According to Bloomberg, further, in 2021, he has gained more wealth such that $32 billion with a net worth of more than $200 billion which is a huge amount and can be attributed to Tesla, while in 2020 the company’s shares have reached to the highest points which can decline at any time according to many market analysts. You can read more in this article 25 Highest Earning Billionaires in 2020.