Billionaires Are Relocating More Often Since Covid Pandemic: Report

Over the past four years, billionaires have been on the move.  

In 2020, there was a spike in the number of people relocating because of the Covid-19 outbreak, and the billionaire population was no exception. According to a new report by UBS, which tracks the wealth among the world’s most high-net-worth individuals, 176 billionaires started to relocate more frequently since the beginning of the pandemic—or approximately one out of every 15, Bloomberg reported.

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