If we think about one maxim that is consistently evident irrespective of what is happening on the planet, is that the rich keep getting richer. This adage has surely been valid for quite some time now. In 2010, when the entire world was recovering from the financial crisis that shocked the world, the rich seemed not to be affected at all.
During this past decade, the economy has bounced back, the stock market reached its historic high, and the wealth of rich people doubled. Since 2010, the quantity of wealthy people on the planet has dramatically increased from 1011 to 2095. The total aggregate assets of the world’s billionaires amount to $8 trillion up from $3.5 trillion just ten years ago.
Data and stats
About sixty-one nations and domains gained billionaires at that time. Asia has been especially productive. China grabbed the first slot by acquiring most billionaires this decade, with 389 billionaires, up from 64 in 2010. Thailand grabbed the second spot while going from 3 billionaires in 2010 to twenty in 2020.
Fortunes also flooded in Singapore while making the number of billionaires to twenty-six. India saw a 108% expansion from 2010, bringing the country’s total to 102 tycoons in 2020. Four of the leading ten nations which saw a significant development in numbers of Billionaires are in Europe: Germany, Switzerland, Italy, and France.
Eighteen more countries which were billionaire-less in 2010, also picked up one billionaire this decade, including Nevis, Nepal, Tanzania, Qatar, Tanzania, and St. Kitts.
Be that as it may, the riches haven’t spread all over the world. Ten nations, including Saudi Arabia, Belgium, New Zealand, saw a decline in their billionaire residents.
Four other countries, including Georgia, Kuwait, Lebanon, and UAE, have a similar number of billionaires as they had in 2010.
Why do the rich keep getting rich?
While living in a world of ordinary people and standard pay rates, a large number of us have the desire to join the 7-figure club. Who doesn’t fantasize about becoming the richest one around, so they can quit working, enjoy guilt-free shopping, and taking endless vacations?
But rich people don’t follow these desires, and that is how they build and keep up their riches. The self-made rich people aren’t really more astute than any other person, yet they have aced some significant rules that assist them with excelling and getting richer.