Saturday, May 23, 2020

America's billionaires, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett & Larry Ellison get $484B richer during the pandemic

America's billionaires have got $484 billion richer during the coronavirus pandemic, according to a new report.
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Data taken from mid-March to mid-May shows that the country's wealthiest have profited from the health crisis. The top five U.S. billionaires - Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison - saw their wealth grow by a total of $75.5 billion, or 19%, the report found.
The report, carried out by Americans for Tax Fairness and the Institute for Policy Studies' Program for Inequality, used Forbes data for over 600 billionaires in America.
Facebook's Mark Zuckerberg's wealth increased by $25 billion, according to the report, while Amazon's Jeff Bezos made a gain of $34.6 billion. Elon Musk had among the largest percentage gain of billionaires during the two months, after his net worth jumped by 48% in the two months to $36 billion. Between March 18 and May 19, the total net worth of the 600-plus U.S. billionaires rose from $2.948 trillion to $3.382 trillion. In March, there were 614 billionaires on the Forbes list.
There are 630 two months later, including newcomer Kanye West at $1.3 billion, the report found.
At least 2.4 million Americans have filed new claims for jobless benefits in a week, bringing the total number of people out of work during the coronavirus pandemic to more than 38.6 million

America's billonaires got $484billion RICHER during the pandemic




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