Skip to content

Billionaires’ Wealth Surged to Record During Pandemic, Piketty Lab Says

  • New report shows record-high share is held by the richest
  • Europe has smallest disparities, says Global Inequality Lab
Thomas Piketty 
Thomas Piketty Photographer: Joel Saget/AFP/Getty Images

The share of global wealth held by billionaires surged to a record during the Covid-19 crisis, according to a group founded by French economist Thomas Piketty. 

About 2,750 billionaires control 3.5% of the world’s wealth, the Paris-based Global Inequality Lab said in a report Tuesday. That’s up from 1% in 1995, with the fastest gains coming since the pandemic hit, the group said. The poorest half of the planet’s population owns about 2% of its riches.