2020 Witnesses Largest Growth in Billionaires

POLITSTURM | October 02, 2021

2020 Witnesses Largest Growth in Billionaires

According to a report published by Wealth-X, 2020 witnessed the largest growth in billionaire individuals since they started recording this data. The United States has the largest share of the world’s billionaires with 29%. China and India had the highest percentage growth of billionaires at 19.9% and 19.5%, respectively. 

The growth in billionaires over the previous year was largely attributed to “expansive government support measures [which] propelled a dramatic rally in financial markets, after an initial pandemic-driven collapse.”

The report also suggested an increasing centralization of privately-held wealth, with billionaires representing 1% of the population of ultra-high net-worth individuals yet holding 28% of the cumulative wealth.

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Even as Global Trade Dropped, US Arms Sales Boomed in 2015

by Nadia Prupis, staff writer

Common Dreams | 27 December, 2016

The weapons included Apache attack helicopters, pictured. (Photo: Defense Images/flickr/cc)

The U.S. sold more weapons than any other country in 2015 despite a drop in the global arms trade, according to a new congressional report.

At $40 billion, the U.S. signed more than half of all arms agreements last year, and more than double the next-highest seller, which was France at $15 billion. American weapons sales included bombs, missiles, armored tanks, Apache attack helicopters, F-15 fighter jets, and other items.

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