US billionaires get richer during coronavirus pandemic, combined wealth soar by half a trillion

WION Web Team
New Delhi, Delhi, India Published: Jun 05, 2020, 05:19 PM(IST)

File photo Photograph:( Reuters )

Story highlights

The combined wealth of US billionaires that include Jeff Bezos, Mark Zuckerberg, and Elon Musk surged by more than $565 billion or 19% since the beginning of the outbreak 

Nations across the globe have witnessed the severe impact of the coronavirus pandemic on their economy, but American billionaires see a jump on their wealth. 

The combined wealth of US billionaires that include Jeff Bezos, Mark Zuckerberg, and Elon Musk surged by more than $565 billion or 19% since the beginning of the outbreak in the country, as per a report published by the Institute for Policy Studies (IPS).

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"These statistics remind us that we are more economically and racially divided than at any time in decades," Chuck Collins said, a co-author of the report. 

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In the report, which includes the 11-week period, Amazon's founder Bezos's wealth rose by $36.2 billion, while Facebook CEO Zuckerberg saw it soar by nearly $30.1 billion.  

Tesla Inc CEO Musk's net worth also soared by $14.1 billion.

Last week, the wealth of US billionaires jumped by $79 billion, according to the report.
 

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