What crisis? Billionaires’ fortunes double since 2009

(RT) Amidst a sea of lost jobs, slashed wages and austerity measures, the super-rich seem super-resistant, with their wealth doubling since the financial crisis, adding $226 billion to their wealth in the last year alone.

The Wealth X and UBS Billionaire Census 2013 makes for sobering reading, in that it seems to confirm many peoples’ suspicions that the financial crisis, while a nightmare for so many, has actually been a windfall for the world’s richest.

To better grasp the vast wealth of the ultra-high net-worth individuals (UHNW), their combined fortunes are now greater than the GDP of any country aside from the United States and China, and could fund the entire US budget deficit until 2024, according to the report.

The combined fortune of the world's billionaires now stands at $6.5 trillion, up from $3.1 trillion in 2009, according to the Billionaire Census. On an interesting side note, the bulk of the wealth of the world’s richest derives from the recently rescued financial and banking sector (17 percent), with manufacturing making up just 8 percent.
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