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Don961 » May 28th, 2020
The wealth of American billionaires jumps $ 434 billion in two months
May 22, 2020 07:27 PM
Mubasher - Ahmed Shawky: The wealth of American billionaires increased by about 434 billion dollars in two months during the period of closeness caused by the Corona epidemic
A report by the American Institute for Tax Reform and the Program on Inequality of the Institute for Policy Studies, released on Thursday, revealed that the net worth of the wealth of American billionaires during the period from mid-March to mid-month rose to $ 3.382 trillion from $ 2.948 trillion
This means a 15 percent increase in the fortune of 600 billion US billionaires, according to Forbes data
According to the report, the first five billionaires (Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison) have seen their wealth grow by a total of $ 75.5 billion, or 19 percent, accounting for 21 percent of the total wealth growth of all billionaires in the past two months
Elon Musk, CEO of Tesla, was also among the most profitable billionaires in two months, as his net worth jumped 48 percent to $ 36 billion
Zuckerberg also saw his wealth increase by 46 percent in two months to $ 80 billion, and Bezos' wealth increased by 31 percent to reach $ 147 billion
During nearly the same two-month period, more than 38 million Americans lost their jobs, highlighting the deepening of the inequality gap during the epidemic
"The epidemic has revealed the deadly consequences of the growing American wealth gap, and billionaires are a stark symbol of this economic disparity," said Frank Clemente, executive director of the Americans ’Foundation for Tax Reform LINK
Source: Dinar Recaps
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