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.
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