What pandemic? Despite a steady drumbeat of Covid-19 cases around the country, the net worth of the wealthiest Americans dramatically rebounded in the five months ending in August—far outpacing growth in other parts of the world. According to a new report by wealth research firm Wealth-X, the richest North Americans—classified as those with a net worth of at least $30 million—have already recovered much of their pre-pandemic wealth. Their collective net worth grew 37%, to about $12.5 trillion from the end of March, a time...

Source: Wall Street Journal October 08, 2020 09:56 UTC