Vox counted all US billionaires

Their capital is greater than that of the billionaires of the following eight countries

Most billionaires are in New York, Los Angeles and San Francisco.

The number of billionaires in the United States reached 788 by the end of 2019, which is 12 percent more than a year earlier, according to a report by Wealth-X, which conducts a comprehensive annual study. These American billionaires today control $ 3.4 trillion of total assets, which is 14% more than at the end of 2018. And this is more than the combined state of all billionaires in the next eight countries of the ranking.

Vox writes that in China, billionaires are just under half of their number in the United States.

The increase in the number of the richest people is due to the rise of Silicon Valley – and its technological giants, which have soared in price for many.

Most billionaires are in New York, Los Angeles and San Francisco.

And there are several signs that the technical boom is weakening. Because coronavirus is destroying economies around the world, threatening the lives of low-income people and the working class, the world’s billionaires are doing well. This is especially true in the technology sector, where as of May 2020 compared to the end of 2019, there are 8.4 percent more billionaires in the world. This is the highest rise among all sectors.

But some large sectors of the US economy are again forced to quarantine in an attempt to curb the coronavirus pandemic, threatening to reverse the May economic progress and exacerbate the recession.

At stake is not just a few states. The virus is spreading so fast in the US that the deputy director of the US Centers for Disease Control said Monday that this was the “really start” of a surge in new cases.

As of today, more than 10 million cases of COVID-19 infection have been recorded in the world, say data from the Center for System Studies at Johns Hopkins University of America. The United States remains the world leader in the number of infected. A quarter of all sick people in the world are in this country.

Credit rating agency Moody’s said coronavirus will increase debt levels in the richest countries in the world by almost 20 percentage points, which is almost double the damage caused during the 2007-2009 financial crisis.

Italy, Japan and the United Kingdom are expected to experience the largest debt growth of about 25 percentage points of their respective GDPs, while in the United States, France, Spain, Canada and New Zealand, growth will be around 20 points.

According to Moody’s, failure to lower debt levels will result in countries with lower creditworthiness becoming more vulnerable to future economic or financial shocks and lower sovereign credit ratings.

Earlier it was reported that the ECB warns of challenges for the eurozone due to a sharp increase in public debt. The European Central Bank has warned that rising government debt threatens to force investors to reassess sovereign European risk.