from Statista Website
An analysis by Chuck Collins at the Institute for Policy Studies (IPS) found that,
That was not the case during the 2008 financial crisis when it took Forbes' 400 richest people three years to recoup their losses from the Great Recession.
Collins' findings highlight a,
There are 650 billionaires on the list, out of which 47 are new arrivals with 11 dropping out due to death or financial decline.
There were numerous impressive financial gains among notable billionaires on the lit with Jeff Bezos growing his fortune by $69.4 billion between March 17 and November 24.
The Amazon boss and richest man on the planet is now with $182.4 billion.
The most impressive gain on the list was recorded by Tesla and SpaceX CEO Elon Musk who has seen his fortune experience a meteoric rise.
In the above period, his
wealth surged a whopping 414 percent, climbing from "just" $24.6
billion to $126.2 billion, making him the world's second richest man
Billionaire wealth is now
twice the amount of wealth held by the bottom 50 percent of all
American households combined, approximately 160 million people...