I don't know about that, the reason these billionaires exist is because they're at the top of the pyramid of a fucked system, if they all died overnight they'd just be replaced by the next one in line, cheap plastic shit and toxic food would still get produced, pollution would still keep happening etc. I mean there's a chance that the event might work some sense into the rest of them, or scare them into enacting actual change but it's not a given.
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Yes if the system stays the same then eventually, after enough inflation, we would all be billionaires (well, our descendants). In the same way everyone in Zimbabwe was a billionaire.