It’s been a glorious pandemic for the world’s richest people. Forbes annual billionaire poll includes a record-breaking 2,755 billionaires, with Amazon founder Jeff Bezos once again topping the list, the media company said on Tuesday.
The ranks of the super wealthy swelled as the coronavirus pandemic threatened the lives and livelihoods of millions across the planet but stock markets continued to hit new highs.
Not everyone was a winner. According to the latest list, Donald Trump’s standing among other billionaires has plummeted almost 300 places since 2020, down to No 1,299. The humiliating fall sits on Forbes’ next to a quote from the former president reading: “I took a lot of finance courses at Wharton. First they taught you all the rules and regulations. Then they taught you that those rules and regulations are really meant to be broken.”
But it was the incredibly wealthy who made the biggest gains. The 0.001% did even better than their lesser peers. The top 10 richest people on the list are worth $1.15tn, up from $686bn last year.
“The very, very rich got very, very richer,” Forbes’ chief content officer Randall Lane said in an interview with Reuters Video News.
Meanwhile, the pandemic looks to increase the number of people living in extreme poverty by up to 150 million people this year – the first year that the number collated by the world bank has risen in 20 years.