Coronavirus: American billionaires got $434bn richer during pandemic

Coronavirus: American billionaires got $434bn richer during pandemic

- World richest billionaire, Jeff Bezos, has successfully amassed a staggering $34.6 billion of additional fortune to his wealth

- Despite the global economy swaying in crisis, American billionaires saw their wealth soar by $434 billion

- Mark Zuckerberg, 36, added an additional $35 billion as owners of tech-focused companies in the world gained big during the Covid-19 lockdown

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Despite the world diving into a big financial crisis due to the coronavirus pandemic, Jeff Bezos and top American billionaires, including Facebook founder Mark Zuckerberg, have seen their fortunes soar by $434 billion.

According to CNBC, Bezos who is founder of Amazon - a multinational conglomerate technology company - is the biggest earner during the pandemic with the 56-year-old American raking a staggering $34.6 billion to his wealth.

Zuckerberg, 36, followed on the list with a whopping $25 billion additional fortune as data on America’s more than 600 billionaires analysed between March 18 and May 19 of lockdown showed.

The information is based on Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality as highlighted by Forbes.

According to the report, the net worth of America’s billionaires soared by 15% during the two-month period of lockdown apparently amounting to $3.382 trillion from the previous $2.948 trillion.

The richest five American billionaires controlling highly tech-focused companies in the world - Bezos, Bill Gates, Zuckerberg, Warren Buffett, and Larry Ellison - amassed a fortune of $76 billion.

Among the top earners is Elon Musk, the CEO of Tesla, whose earning jumped by 48% in the two months to $36 billion.

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Coronavirus: American billionaires got $434 billion richer during the pandemic

Despite the global economy swaying in crisis, American billionaires including Facebook founder Mark Zuckerberg saw their wealth increase by $434 billion.
Source: UGC

Bezos’ ex-wife, MacKenzie Bezos, who received Amazon shares in their divorce recently, also saw her wealth increase by a third to $48 billion.

America has 1 621 333 Covid-19 cases and some of the states in the country are on a full lockdown as coronavirus pandemic took a devastating hit on its economy.

Meanwhile, Briefly.co.za reported that Jeff Bezos may become the world's first trillionaire by 2026and not any time soon as many media reports claim.

It should be noted that the only wealthy man close to Bezos’ mouth watery $143 billion net worth is Microsoft co-founder, Bill Gates, who is valued at about $102 billion, 22 Words reports.

Born in New Mexico in 1964, the Amazon chief has always been passionate about computers and that influenced his decision to study computer science and electrical engineering at Princeton University.

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Source: Briefly.co.za

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