2020 will forever be known as the year of COVID, lockdowns, riots, mask mandates, and misery. Except for 573 people who will remember it as the year their net worths took off into the stratosphere.
Yes, since the pandemic, there have been 573 new billionaires created worldwide, bringing the overall number to 2,668 members of the 10-figure club.
This is new data from Forbes, which will coincide with the annual World Economic Forum meeting in Davos, Switzerland, which attracts really rich people and world leaders.
A new billionaire has been created every 30 hours since 2020,
Here are some highlights from the results of this study.
Forty new billionaires came out of the pharmaceutical industry.
Billionaires that made their fortunes in energy and agribusiness saw their net worths increase by 45% since the beginning of the pandemic.
The net worth of billionaires in oil, gas, and coal enjoyed a 24% increase in their net worth, which comes out to about $53 billion.
In total, billionaires enjoyed a rise in their net worth of $3.8 trillion, a 42% jump that brings the total value of the members to $12.7 trillion.
The tech sector is still the home of the richest of the rich. Elon Musk, Jef Bezos, and Bill Gates enjoyed massive growth in their net worth, as it expanded from $436 billion to $934 billion in the past two-plus years.