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Of all global billionaires, 71 per cent are self-made and only 29 per cent have inherited the wealth
The world added 8 billionaires a week in 2020 – 421 in a year – taking their total number to a record 3,288, according to the 10th Edition of Hurun Global Rich List 2021 released Tuesday. Despite the COVID-19 pandemic, the total wealth of all billionaires across the globe surged 32 per cent during the period under review to $14.7 trillion.
“Billionaires have added in the past year the equivalent of the gross domestic product (GDP) of Germany to take their wealth to the equivalent of China. They added $3.5 trillion to take their total wealth to $14.7 trillion, a huge concentration of economic power,” the report said.
The Hurun Global Rich List 2021 ranked 3228 billionaires from 2,402 companies
First Published: Mar 02 2021 | 10:47 AM IST