SuperyachtNews.com - Business - Economic fallout of COVID-19 felt by world's billionaires

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Economic fallout of COVID-19 felt by world’s billionaires

Data from Forbes and The Superyacht Agency indicates how the pandemic might impact the new-build market…

At this time each year, Forbes releases its annual world’s billionaires list, which ranks the wealthiest individuals globally. With the 2020 list released in late March, in the midst of the COVID-19 pandemic, the data provides an insight into how the world’s richest are starting to be affected by the outbreak. According to Forbes, the coronavirus crash erased nearly all of the stock-market gains enjoyed by billionaires over the past year and knocked many individuals from the billionaire ranks entirely.

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