The Fortunes of US Billionaires Jumped 19 percent

  • Washington, D.C., USA
  • 6 June 2020

A report published by the Institute for Political Studies revealed that the fortunes of US billionaires, including Jeff Bezos, founder of the Amazon company, and Mark Zuckerberg, founder of Facebook, have jumped by more than 19% or the equivalent of half a trillion dollars since the start of the Covid-19 pandemic in the country.

According to the report, since March 18 and for 11 weeks when the isolation measures began in the United States, the wealth of the richest figures in the United States has increased by more than $565 billion, while 42.6 million workers have applied for unemployment benefits.

Over the course of 11 weeks, Bezos' fortune increased by about $36.2 billion, while Zuckerberg's wealth increased by $30.1 billion. Elon Musk's net worth, Tesla’s CEO, increased by $14.1 billion. The report also revealed that the fortunes of US billionaires have jumped 79 billion dollars over the past seven days.

Source ( website, Edited)

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