Wealth of world's billionaires rose $5 trillion during pandemic

The new Forbes list of World’s Richest People reveals a record number of new billionaires, including more female billionaires, like reality star Kim Kardashian.
1:48 | 04/07/21

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Transcript for Wealth of world's billionaires rose $5 trillion during pandemic
Time is of the essence. Now to the billionaire boom. Forbes releasing its annual list of the world's richest people and features the newly minted billionaires and women including Kim Kardashian making a record show. Rebecca Jarvis has that story. Reporter: This morning, more people than ever are waking up to a new title, billionaire. Forbes releasing its 35th annual list of the world's richest people. 3,000 billionaire, that's more billionaires than ever before including 500 who have never been on the list and more women than ever. The big trend was the number of newcomers. This new wealth being created at a pace like never before. Reporter: Some of the new cop -- newcomer include Kim Kardashian but there are some familiar face, Jeff bezos worth 177 billion. Topping the list for the fourth year in a row. Elon Musk coming in second with 151 billion. Altogether the worth of those on the list is $13.1 trillion. Up from $8 trillion last year. The rise occurring as most the world was shut down during the pandemic. It's I think a sign that we've got a real wealth inee quality in our society. This is a really -- it's a snapshot of that gap between the very richest and the rest of us. Reporter: And a big commonality among the people on this year's billionaire's list, they all or most of them own stock in their own companies and with the stock market at record highs, many of them have seen their net worth soar. A good reminder to keep socking away money in the 401(k) Or retirement account, guys. Yeah, that's the good advice. Even if it's not going to make you a billionaire. A lot more coming up

This transcript has been automatically generated and may not be 100% accurate.

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