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

By gpresido • 2 days ago • 8351 views • 2923 comments

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. Read more. 

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 indicated. 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 dominating 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 of lockdwon to $36 billion. 

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