2019 had a record-high number of billionaires — here's how many and why. (via CNBCMakeIt)
"This reflects almost a decade of global economic expansion following the [2008-9] financial crisis, a time which saw large gains in the financial markets and economic recoveries boosted by the sizable fiscal and monetary policy ammunition directed at economies during and following the crisis," says Maya Imberg, senior director of thought leadership and analytics at Wealth-X.
There were more billionaires in Europe — 847 total — than any other region in the world in 2019, followed closely by North America, which had 834. But the combined net worth of North America's billionaires, which was $3.5 trillion, far surpassed that of the Europe's at $2.5 trillion. Such immense wealth distributed among less than three thousand people is in stark contrast to those at the other end of the spectrum and highlights the global wealth gap.in September, 1.5 billion adults around the world have a net worth of $1,000 or less.
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