US billionaires' wealth grew by $845 billion during the first six months of the pandemic - Business Insider

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US billionaires' wealth grew by $845 billion during the first six months of the pandemic

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15, a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion.

That marks a 29% increase from the rough date at which coronavirus lockdowns started and financial markets went into free-fall. The stock market has since recovered, with the S&P 500 and the Nasdaq hitting record highs, but Covid-19 has killed nearly 200,000 Americans and the economy is still mired in recession.

Bezos, the chief executive of leading online retailer Amazon, has undoubtedly been the biggest beneficiary of the pandemic. His wealth rose by $73.2 billion to $113 billion. Amazon shares have gained 40% this year, as the company racked up billions in online orders for anything from groceries to exercise bikes from consumers who were confined to their homes.

 

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We got peanuts, no wait, sesame seeds.

Awesome! We all benefit from this! More wealth in our economy. Thank you billionaires!

****note! this data is from March 18.... financial markets 'went into freefall' as early as February 28. These numbers are misleading and unnecessarily inflammatory...

Mine grew by a few thousands!

It makes sense.

People gonna start attacking them.

Who cares.

When God blesses you financially, don't just raise your standard of living, raise your standard of giving as well. Leadership Montreal Quebec Canada ThursdayThoughts

As I'm reading this I wanna ask evryone to prepare for more pandemics, cz if it's so profitable to shutdown everyone it'll be done several times. The middle class is shrinking and soon will disappear

This is insane!

Businessinsider severely manipulating people. BernieSanders does it too. I’m at anti trump as they come but the far left loves to deceive people on this topic which is not ok

If intelligence was related to the money you think you earn, this planet would be a planet of joy and social justice.

Alam_Chaudry Covid has been weaponized against healthy businesses & prevent healthy people from working While Corrupt politicians collect their paycheck & play God Just look at WALMART where the fattest most unhealthy people are allowed to go without restrictions We are being jerked off

Won't someone think of those poor billionaires? Well, the GOP does.

damn

Very interesting...

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