The Top 500 Billionaires Earned More in 2020 Than 165 Million Americans Will in Their Entire Lives

Bloomberg's year-end report on the wealth of the world's top billionaires shows that the richest 500 people on the planet added $1.8 trillion USD to their combined wealth in 2020, accumulating a total net worth of $7.6 trillion USD. Fueling the old saying "The rich get richer and the poor get poorer," where 2020 was stricken with worldwide poverty due to the COVID-19 pandemic (loss of jobs and looming bills) The Bloomberg Billionaires Index recorded a historic 31 percent increase for the wealthy...