Unbelievable. Billions increased their fortune for 10.2 trillions during the pandemic crisis

A report by the Swedish bank UBS found that billionaires increased their property by more than a quarter (27.5%) at the height of the crisis from April to July, as millions of people worldwide were losing their jobs or having difficulty coping with government aid.

U n The BS said that the wealth of billionaires had affected the new <x0May, passing the previous peak reached at the end of 2017”, writes Guardian, render Periscope.

Joseph Stadler of the UBS, who only deals directly with the world's richest, said: “Miliarders did extremely well during the Covid crisis, not only did they manage to escape the storm of dropping wealth, but they won too much. ”

Stadler said the super rich could take advantage of the crises because they had “stok” to buy more company shares when markets worldwide were undergoing losses.

Luke Hiryard, executive director of the High Pay Centre, a think tank that focuses on excessive wages, said that “extreme concentration of wealth is an ugly phenomenon from moral perspective, but also economically and socially destructive”. /Periscope