Massachusetts billionaires’ wealth jumped by 46%, or almost $25 billion combined, over the past 26 months, with many of the state’s richest residents benefitting from their ties to finance, technology and health care companies during the pandemic, according to a new study.
Analysis from the Institute for Policy Studies, a progressive Washington, D.C.-based think tank, suggested that even with market volatility and declines over the last quarter, the Bay State’s 21 billionaires’ total wealth surged to $78.4 billion as of May 27, an increase of $24.6 billion over more than two years.
More on this story from Boston Business Journal
Get Boston local news, weather forecasts, lifestyle and entertainment stories to your inbox. Sign up for NBC Boston’s newsletters.
Copyright Boston Business Journal
