World’s billionaires down $700 billion from 2019


World’s billionaires down $700 billion from 2019

May 8, 2020

Global Korean Post

 

The richest people on Earth are not immune to the coronavirus.

 

As the pandemic tightened its grip on Europe and America, global equity markets imploded, tanking many fortunes.

 

According to Forbes, as of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths.

 

Of the billionaires who remain, 51% are poorer than they were last year. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019.

 

Jeff Bezos is the world’s wealthiest person for the third year in a row, despite giving $36 billion worth of his Amazon stock to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer.

 

He’s worth $113 billion, buoyed by a 15% rise in Amazon’s shares since our 2019 list. The e-commerce giant he runs has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.

 

 

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