The Net Worth Of America's 600-Plus Billionaires Has Increased By More Than $400 Billion During The Pandemic - News Summed Up

The Net Worth Of America's 600-Plus Billionaires Has Increased By More Than $400 Billion During The Pandemic


TOPLINEAmerica's billionaires saw their wealth increase by $434 billion during the course of the global pandemic, according to a new report, a staggering figure that coincided with upheaval to the global economy and more than 38 million Americans filing for unemployment. Bill Gates, co-Chairman of the Bill & Melinda Gates Foundation, delivers a speech during a press ... [+] conference in Tokyo, Japan, 09 November 2018. Amazon founder and CEO Jeff Bezos has seen his net worth grow 30.6% in the past two months, boosting it to $147.6 billion; the fortunes of Bezos and Zuckerberg combined grew by nearly $60 billion, or 14% of the $434 billion total. Big Number:According to the report, the total net worth of America's billionaires rose 15% during the two months, from $2.9 trillion to $3.4 trillion. (Photo by Pradeep Gaur/Mint via Getty Images) Hindustan Times via Getty ImagesFurther Reading:Dow Loses 100 Points As Another 2.4 Million Americans File For Unemployment (Forbes)American billionaires got $434 billion richer during the pandemic (CNBC)Nation's Billionaire's See Net Worth Jump $434B in First Two Months of Pandemic (ATF)Largest tech company CEOs made billions amid pandemic (The Hill)


Source: Forbes May 21, 2020 22:07 UTC



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