Australia’s billionaires became 50% richer during pandemic – The Guardian

The combined wealth of Australian billionaires has risen by more than 50% over the past year, new figures show, prompting concerns that the pandemic-triggered recession has turbocharged the gap between rich and poor.
The combined net worth of Australias billionaires dropped in March when Covid-19 restrictions ramped up before rebounding strongly and increasing throughout the course of the year, according to the Bloomberg Billionaires Index.
The combined worth of Australian billionaires was assessed…

Click here to view the original article.