The United States of America has more than 600 billionaires
who are getting wealthier day by day. Where the Covid-19 pandemic has been the
worst nightmare for the normal people, it has been a great way to thrive for
the billionaires. Wondering how? Well, Chuck Collins from the Institute for
Policy Studies performed an analysis and was awe-struck by the results.
According to the analysis, the wealth of American billionaires grew drastically
by $1 trillion since March 2020, which in total is a 34 percent increase in the
total US billionaires’ wealth as compared to the previous year.
Among the 650 American billionaires, 47 are the new ones
that gained enormous wealth during this pandemic. However, 11 billionaires were
eliminated from the list because few of them died, and the rest faced financial
crises. Jeff Bezos, the world’s richest man, got even richer with a massive
wealth gain of $69.4 billion within 6 months, i.e., from March till November.
The Amazon owner now has a net worth of $182.4 billion. Followed by Elon Musk
at the second place with a fortune gain of as incredible as 413 percent in six
months. Other billionaires observing an impressive increase in their wealth
during the pandemic include Bill Gates (21.8%), Mark Zuckerberg (85.9%), and
Warren Buffett (30.8%).
The American billionaires now own twice the wealth as that
of the bottom 50 percent of normal households combined, accounting for around
160 million Americans.
Infographic by: statista
