Record year for the super-rich: one new billionaire every 17 hours in 2020
Share article:
Share article:

Record year for the super-rich: one new billionaire every 17 hours in 2020

From left to right: Elon Musk, Bill Gates and Jeff Bezos. Credit: Belga

Despite the coronavirus crisis, the world’s richest people became even wealthier, as the number of billionaires worldwide rose to 2,755 in 2020, up by 660 from the previous year, according to Forbes’ 35th annual billionaire’s list.

The magazine found that the assets of all people included on the list had a combined worth of $13.1 trillion (€11.02 trillion), an increase of $5.1 trillion (€4.2 trillion) compared to 2019, whilst 86% of all billionaires managed to increase their wealth despite the crisis.

It reported a record-high of 493 newcomers to the list, which equates to one new billionaire every 17 hours, whilst another 250 people who had dropped out of the list in the past years made a come-back.

Related News


The top ten richest are worth $1.15 trillion (€967 billion), up by two-thirds from $686 billion (€577 billion) last year, and there are now four people in the world who have assets worth over $100 billion, up from just one last year – Amazon boss, Jeff Bezos.

Bezos led the list for the fourth year in a row, with a wealth of $177 billion (€149 billion), up by $64 billion (€53.8 billion) from a year ago, as a result of surging Amazon shares, according to Forbes.

Meanwhile, Elon Musk, founder of Tesla and SpaceX made the biggest progress and landed in second place with $151 billion (€127 billion), $126.4 billion (€106.3 billion) more than in 2019,  as a result of a 705% increase in Tesla shares.

The magazine based its calculations of the net worths on stock prices and exchange rates from 5 March.

Lauren Walker
The Brussels Times

Latest news

Non-urgent care once again postponed in some hospitals
As the worsening coronavirus situation in Belgium is starting to take its toll on hospitals, it has been confirmed non-urgent care will once again be ...
Brussels Airport warns autumn holidaymakers to arrive early
Passengers leaving from Brussels Airport this autumn have been advised to factor in extra time to account for longer than normal check-in times and ...
27,000 Belgian taxpayers to pay more after incorrect tax break
About 27,000 taxpayers who wrongly received a tax reduction in the last three years due to an error by the tax administration will have to pay what ...
Wallonia launches first major survey for cyclist satisfaction
Following in the footsteps of France and Flanders, the Wallonia Region of Belgium is launching its first major satisfaction survey on municipal ...
After 5 rescues in 2 days, hundreds of migrants take shelter in Italy
After five rescues in less than two days, almost 400 migrants aboard the Geo Barents search and rescue ship in the Central Mediterranean, operated by ...
Belgian wind farm closed down to save migrants floating in sea
A wind farm near Zeebrugge had to be shut down on Wednesday morning as more than 25 migrants had been adrift in its vicinity off the Belgian coast ...
Cinemas will require Covid Safe Ticket from Friday
The Covid Safe Ticket (CST) will be required to attend cinemas across Belgium from Friday, which marks the start of the autumn holidays, the ...
Strong warnings issued ahead of climate change summit
New and updated climate commitments fall far short of what is needed to meet the goals of the Paris Agreement, leaving the world on track for a ...
Disastrous year for Belgian beekeepers
Belgian beekeepers have experienced a disastrous year, with honey production 50 to 60 percent lower than last year due to heavy rainfall during ...
New measures for schools considered as situation becomes ‘untenable’
Belgium's various education partners met on Wednesday to discuss additional measures to implement in schools as the coronavirus situation worsens in ...
Belgium in Brief: Back To Masks
I really hope you didn't throw out all your masks. You'll be needing them again. Now I do appreciate that this isn't a huge change for ...
Belgium a climate slowcoach as EU reveals emissions progress
The European Union is on track to pass its first big climate test, according to new figures published this week. But Belgium has been singled out for ...