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These 10 Billionaires Gained $55 Billion This Week As Retail And Tech Stocks Surged

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A testament to the new normal, shares of quarantine staples like Amazon and Netflix reached record highs this week, lifting the fortunes of their billionaire founders.

, the founder and CEO of online discount retailer Pinduoduo, is now worth $21.4 billion after a $2.1 billion bump. Shares of his Shanghai-based e-commerce platform climbed 10% over the week and are back near their record high from November. The firm's stock has steadily risen since it announced on March 31 it had raised $1.1 billion in a private placement to continue its expansion, despite below-expected revenue growth and expected losses due to the coronavirus outbreak....

of Nasdaq-listed internet and gaming company NetEase added $2 billion to his fortune while gaming firms worldwide rally thanks to more people staying at home with free time to burn. NetEase's stock surged 11% over the past week, lifting Ding’s net worth to $22.4 billion.

 

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Who cares.

We need to shop somewhere els

“Big Bucks, Big Bucks, Who’s pullin’ down the Big Bucks?” Treat yourself to a FREE CLIP of a song about money I co-wrote called “Big Bucks” at songsaboutmoney bigbucks

Not important.

there should be no such creature as a billionaire. Once the first billion is reached then any further income above should be returned to the Government as tax. Hoarding money that you could never spend is appalling.

And what are they doing to help their fellow man?

The stress...

At this catastrophic time, these 10 billionaires gained $55 billion this week as retail and tech stocks surged. If they have any sense of humanity, dignity, responsibility as Americans, they will give these gains to American middle class & those left behind. Professor Isagholian

Human intellectual at work..brilliant..!

Greedy

Some people like the shutdown. Surprised it is not the average American?

REgained

Progressives

And the Small Business Administration runs out of stimulus money. Some day Americans will figure out that Trump & GOP 'support' for small businesses is as phony as a 3 dollar bill.. They will almost always choose Wall Street over Main Street.

Which they lost last month. Please, please, can we stop playing victim? I beg you.

Should donate to coronavirus causes.

Those 3 all look like siblings.

The world is a circus.

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