The collective net worth of the richest Americans grew 37% to about $12.5 trillion from the end of March, a time when much of the country was placed in lockdown, to the end of August
What pandemic? Despite a steady drumbeat of Covid-19 cases around the country, the net worth of the wealthiest Americans dramatically rebounded in the five months ending in August—far outpacing growth in other parts of the world.
According to a new report by wealth research firm Wealth-X, the richest North Americans—classified as those with a net worth of at least $30 million—have already recovered much of their pre-pandemic wealth. Their collective net worth grew 37%, to about $12.5 trillion from the end of March, a time...
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