Global Pandemic Fuels Surge in Billionaires Linked to Covid-19 Solutions
AI-Generated Summary
Following the WHO's declaration of Covid-19 as a pandemic, numerous billionaires saw losses. However, a record 493 new billionaires emerged, particularly tied to companies addressing Covid-19 challenges.
Shortly after the World Health Organization declared Covid-19 a global pandemic on March 11, 2020, markets collapsed and economies worldwide plunged into recession. At the same time, many billionaires fell off Forbes' World's Billionaires list, reflecting the pandemic's impact on the fortunes of the wealthiest individuals.
