American billionaire financier Thomas H. Lee, considered a pioneer of private equity investment and leveraged buyouts, died at the age of 78, his family said in a statement on Thursday, without noting the cause of his death.

US billionaire financier Thomas Lee, 78, found dead with self-inflicted gunshot wound: Report

A new report has claimed that the collective wealth of the United States' 651 billionaires rose by over $1 trillion roughly since the time the coronavirus pandemic began and now stands at a combined total of $4 trillion on Monday.

Wealth rise of 651 US billionaires alone could pay more than latest stimulus: Report

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).

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