- Since the outbreak of coronavirus, the wealth of US billionaires increased by 20% as 643 had their wealth almost doubled
- The wealth of people like Mark, Bezos, and Gates grew greatly with Facebook's owner's net worth increasing by 58.6%
- During the pandemic also 25 people were made billionaires as 45.5 million Americans lost their jobs
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American billionaires had their wealth increased by a whopping 20% since the beginning of coronavirus pandemic according to an in-depth analysis by the Institute for Policy Studies and Americans for Tax Fairness.
Statista reports that between Wednesday, March 18, and Wednesday, June 17, the total money value of 643 American billionaires surged from $2.9 trillion to $3.5 trillion.
In addition to that, 29 new billionaires joined the money club. While all that was happening, 45.5 million Americans filed for unemployment.
The top five billionaires in the country, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffet, and Larry Ellison, had their wealth increased by $101.7 billion since US lockdowns.
Bezos' wealth climbed by $43.7 billion, 36%, while Mark’s wealth increased by 58.6% ($32billion). Twelve other rich people also doubled their wealth.
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Gates, the Microsoft co-founder, made the second cut with $98 billion. Bernard Arnault and Family in France made number three with $76 billion worth.
Warren Buffet and Larry Ellison are number four and five on the list respectively. Nigerian billionaire, Aliko Dangote, rather made 162nd position out of 2,095 billionaires in the world with $8.3 billion.
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