The number of billionaires grew by 13.4% in 2020 — making the pandemic a 'windfall to billionaire wealth'
, and median household income dropped by 2.9%. North America cemented its status as"the world's leading billionaire region in 2020," with the three-comma club there growing by 17.5% from the year prior. In fact, North America's 980 billionaires account for 30.6% of the world's billionaires. The US was the top billionaire country in 2020.
"As the global economy gradually emerges from the crisis, the issue of widening inequality may well spur more concerted redistributive policy efforts in areas such as tax and regulation," the report said.
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