$100 billion. That’s a lot of money. like, a staggering sum of money. The 11 richest persons in the world, with a combined net worth of $1.106 trillion, are in control of just that.
Since the beginning of the COVID-19 pandemic and its related shutdowns of the economy, a number of the world’s billionaires have seen their net worths absolutely explode. An analysis of this trend by the Program on Inequality at the Institute for Policy Studies stated: “Twelve people holding this much economic and political power is just unsustainable. This is an Oligarchic Dozen from the perspective of a democratic self-governing community.” For the record, Celebrity Net Worth shows that 11 billionaires, not 12, are responsible for the $1.1 trillion in wealth.
The aggregate fortune of these 11 multi-billionaires, for example, exceeds the GDPs of Austria and Belgium put together. On the other hand, a large number of Americans are unemployed or, in some cases, are living salary to paycheck (or unemployment check to unemployment check). As a result of COVID-19, more than 170,000 people have perished in the United States.
Using Getty Images, All In Washington
These 11 did not have an easy ride. The wealth of these 11 individuals decreased by more than $95 billion at the start of the pandemic. However, that didn’t last long, and by September, they had not only recovered all of their losses but had added tens of billions to their wealth.
No. 2: Bill Gates, with $126 billion
Fourth, Elon Musk, with $110 billion
#5. Bernard Arnault — 86 billion dollars
Number Six: Warren Buffett, $82 billion
#7: Mukesh Ambani, worth $80 billion
#8: Steve Ballmer, worth $81 billion
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