Whistling Straits: the Ryder Cup course explained : CityAM cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
UpdatedThu, Apr 15, 2021 at 10:13 am CT
Replies(4)
Wisconsin billionaires joined Jeff Bezos, Elon Musk, Bill Gates and others whose wealth increased during the pandemic. (Shutterstock)
WISCONSIN A financial think tank released an analysis Thursday on the growth of billionaire wealth which found that after seeing their fortunes steadily rise over the past three decades, the ultra-rich saw their money explode during the pandemic.
Americans for Tax Fairness found the combined wealth of billionaires in America jumped from $2.95 trillion to $4.56 trillion from March 18, 2020, to April 12, 2021. That s an increase of $1.62 trillion, or 55 percent.
This perversely accelerated growth of fortunes of people who are already filthy rich came as more than 77 million Americans lost their jobs and more than 30 million Americans became sick with COVID-19, the Washington, D.C.-based lobbying group said in a news release.
How Billionaires Got So Rich In 2021
Marlene Awaad/Bloomberg, Jamel Toppin for Forbes, Michael Prince for Forbes
The vast majority of the billionaires on this year’s
Forbes list hail from these 10 sectors.
There are a record-smashing 2,755 billionaires in the world, according to
Forbes’ 2021 World’s Billionaires list. How did they make their mega-fortunes? By doing everything from starting hedge funds and tech companies to breeding pigs and brewing kombucha.
But certain industries offer a more common route to riches than others. The most likely way to make a billion-dollar fortune: go into finance and investments. That sector has minted the most billionaires in the world, with 371 people, or about 13% of the entire list. It was the top industry for billionaires in 2020 the last time we tabulated the number of billionaires per industry as well. The number of finance and investment billionaires has grown by 50% in the past year, and has nearly doubled from two years ago