US billionaires add $485 billion to net worth during pandemic: report - Business Insider

Forbes reported in its annual billionaires survey

that US billionaire wealth fell from $3.111 trillion in 2019 to $2.947 trillion this year, a loss of $164 billion. But the Billionaire Bonanza report says these losses have been erased and total US billionaire wealth is now — as of May 28 — $3.439 trillion, a $485 billion increase since March 18 and a $328 billion increase from Forbes' 2019 global billionaire survey. David Herro was the world's best international stock picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets — and 3 he sold.

"The surge in billionaire wealth during a global pandemic underscores the grotesque nature of unequal sacrifice. While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top," the report said.

As billionaires have improved their net worths, millions of Americans are struggling to make ends meet amid the pandemic.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

There's something so sick about this. There are people begging for food and worse.

So? Thank you “China” lol

The PLDEM!C BARONS....not surprised at all...

They should pay for my system and e-commerce. Else illegal use and income.

It is not because of the wires outside.

Resolving economic issues wealth transfer equality taxation allows us to focus on leap forward in technology science and medicine once we are beyond simple profit

Check out my WP read the Manuskript & SUPPORT my LAWSUIT against CHILD TRAFICING organised by GOVERNMENTS & EMPLOYERS: Windsor TRUDEAU MERKEL OBAMA PUTIN MACRON ERDOGAN BilGATES BEZOS ZUCKERBERG ELONMUSK etc.

Jacob Greenberg, what a pompous butt-plug !

And they’re still at a huge net loss during the entire period , catchy headline tho....

Thanks for the reminder.

los billonarios y multimillonarios seguiran siendolo, lamentablemente los que están en el limite de la pobreza también y los que estabamos saliendo del limbo nos dieron un gran empujon hacia abajo...para que? no lograron nada los que nos vamos a infectar lo haremos ahora o luego

Most efficient way to fund basic income healthcare through taxes directly on stock market not income tax that can be avoided but kn the trading of shares 50 million shares trade everyday at average of $30 per models show 7% as an optimal amount

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