{"id":40688,"date":"2020-10-08T19:52:34","date_gmt":"2020-10-08T17:52:34","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/?p=40688"},"modified":"2020-10-08T13:12:41","modified_gmt":"2020-10-08T11:12:41","slug":"billionaires-fortune-rises-by-27-as-uks-richest-man-moves-to-monaco","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2020\/10\/billionaires-fortune-rises-by-27-as-uks-richest-man-moves-to-monaco\/","title":{"rendered":"Billionaires\u2019 fortune rises by 27% as UK&#8217;s richest man moves to Monaco"},"content":{"rendered":"\n<p><strong>A new report by Swiss bank UBS and PwC finds that the world\u2019s billionaires saw their wealth rise by 27% during the pandemic, hitting the $10 trillion bar.\u00a0<\/strong><\/p>\n\n\n\n<p>From April to July 2020, the wealth of the world\u2019s 2,189 billionaires increased by 27%, reaching a combined worth of $10.2 trillion, say the findings from \u201cRiding The Storm: Market Turbulence Accelerates Diverging Fortunes.\u201d \u201cIt\u2019s a time of accelerating change, reflected in the polarising fortunes of billionaires,\u201d commented UBS. The UBS report notes a 1.3 trillion increase from the end of 2017 when the total wealth of the world&#8217;s billionaires was at $8.9 trillion.\u00a0<\/p>\n\n\n\n<p>Tech investors and industrialists benefited the most from <a href=\"https:\/\/www.monaco-tribune.com\/en\/category\/coronavirus-en\/\">the pandemic<\/a>. Their wealth increased +41% and +44% respectively. The world\u2019s richest person, Amazon founder Jeff Bezos, saw his wealth soar to $74 billion so far this year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">UK\u2019s third biggest tax-payer moves to Monaco&nbsp;<\/h2>\n\n\n\n<p>Monaco&#8217;s promise of no income tax is a golden ticket for the world\u2019s richest. Monaco&#8217;s most famous billionaires include <a href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/09\/sir-philip-greens-super-yacht-quarantined-in-monaco-over-coronavirus-outbreak\/\">Sir Philip Green<\/a>, the owner of Topshop, and the Barclay brothers.\u00a0According to the\u00a0<a href=\"https:\/\/www.knightfrank.com\/wealthreport\" target=\"_blank\" rel=\"noreferrer noopener\">2019 Knight Frank Wealth Report<\/a>,\u00a0the Principality is home to over 12,000 millionaires for a total population of 38,000. <\/p>\n\n\n\n<p>Recently, Jim Ratcliffe, the UK\u2019s wealthiest man, and petrochemicals magnate, announced that he was moving to Monaco. According to the Bloomberg Billionaire Index, Ratcliffe&#8217;s fortune increased from \u00a39.5bn in January 2019 to \u00a317.5bn today. Before leaving for Monaco, Ratcliffe was the UK&#8217;s third-highest individual taxpayer. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report by Swiss bank UBS and PwC finds that the world\u2019s billionaires saw their wealth rise by 27% [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":40689,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[243,258],"tags":[],"post_sectags":[],"post_format":[],"class_list":["post-40688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-public-life"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Billionaires\u2019 fortune rises by 27% as UK&#039;s richest man moves to Monaco<\/title>\n<meta name=\"description\" content=\"A new report by Swiss bank UBS and PwC finds that the world\u2019s billionaires saw their wealth rise by 27% during the pandemic, hitting the $10 trillion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/10\/billionaires-fortune-rises-by-27-as-uks-richest-man-moves-to-monaco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaires\u2019 fortune rises by 27% as UK&#039;s richest man moves to Monaco - Monaco Tribune\" \/>\n<meta property=\"og:description\" content=\"A new report by Swiss bank UBS and PwC finds that the world\u2019s billionaires saw their wealth rise by 27% during the pandemic, hitting the $10 trillion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.monaco-tribune.com\/en\/2020\/10\/billionaires-fortune-rises-by-27-as-uks-richest-man-moves-to-monaco\/\" \/>\n<meta property=\"og:site_name\" content=\"Monaco Tribune\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MonacoTribune\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-08T17:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2020\/10\/jeff_bezos-171025-f-pp655-236_39479699761-2-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1363\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Francesca German\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MonacoTribune\" \/>\n<meta name=\"twitter:site\" content=\"@MonacoTribune\" \/>\n<script 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