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The world would probably be experiencing a fragile pseudo-recovery of the coronavirus pandemic, but for American billionaires in particular, things have never been better.
According to a new report from the Institute for Policy Studies, Billionaire Bonanza, America’s 643 richest citizens jointly added $ 845 billion to their bank accounts between March 18 (when much of the country began a lockdown) and March 15. September. This is a combined expansion rate. 29%.
But the numbers are even more excessive when you look at the most sensitive of this already scarce economic stratum: between early January and early April 2020, the study found that the richest 170 Americans earned tens of millions of dollars. However, 8 of them . . . a list that includes Jeff Bezos, MacKenzie Bezos, Eric Yuan, Steve Ballmer, John Albert Sobrato, Elon Musk, Joshua Harris and Rocco Commisso, have noticed that their net worth accumulates through more than $1 billion.
Jeff Bezos, Bill Gates, Mark Zuckerberg and the rest of the American billionaires have noticed that their fortunes have increased over the past six months, while millions of Americans now earn less than they earned before the pandemic began, according to a new https: // www. co/t. co/tBUk
– CNN Business (@CNNBusiness) September 18, 2020
Bezos is the maximum excessive example of a net worth that, as of April 15, had gone from $25 billion since the beginning of the year, a figure that the report notes is more than Honduras’ GDP in 2018. However, since February 8, Bezos has more of his private fortune through a total of $55. 2 billion.
As many names suggest at the most sensitive point of this monetary pyramid, the dramatic increase in wealth is linked to equally large increases in the company’s shares. Amazon de Bezos has noticed that its inventory value increased by 60% this year alone with a succession of upticks. Tesla’s Elon Musk also saw his coffers overflow when Tesla became the world’s most valuable automaker after beating Toyota for the first place.
All of this contrasts with the maximum of the American public. A maximum unemployment rate, peaking at 14. 7% in April, has since fallen to around 8. 4%. Fewer people are asking for unemployment benefits, yet the most recent national employment report still added 860,000 others. In total, the United States has lost 11. 5 million jobs since February.
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