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U.S. billionaire wealth increases by more than US$800 billion during COVID-19 - Naijatechnews

U.S. billionaire wealth increases by more than US$800 billion during COVID-19

Naija Tech News (NTN) on 18, and in content, U.S. billionaire wealth increases by more than US$800 billion during COVID-19, Bill Gates, Covid-19, Elon Musk, Jeff Bezos, U.S, U.S Billionaires, Warren Buffett .

A new research report shows that within six months of the new crown epidemic, the wealthiest people in the United States have become richer, with their wealth increasing by $845 billion . Among them, the wealth of rich people such as Elon Musk, Jeff Bezos and Warren Buffett have all increased substantially.

The Institute for Policy Research and the American Tax Equity Association (ATF) stated that between March 18 and September 15, the total net worth of the 643 wealthiest people in the United States increased by 29% from $2.95 trillion to $3.8 trillion. Dollar. The report’s data is based on the “Forbes” annual billionaire report and the real-time “Forbes” rich list data.

In late March, the United States began to implement the new crown epidemic lockdown measures at the same time that the financial market saw a free fall. After that, the stock market began to recover, and the S&P 500 index and the Nasdaq (10910.2768, -140.19, -1.27%) index both hit record highs. Since hitting a multi-year low in March, the S&P 500 has risen 34%. However, the new crown virus has killed nearly 200,000 Americans, and the US economy is still in recession.

Amazon (3008.73, -69.37, -2.25%) CEO Bezos is undoubtedly the biggest beneficiary during the epidemic, his wealth increased by 73.2 billion US dollars, reaching 113 billion US dollars. Benefiting from the surge in online shopping during the epidemic, Amazon’s stock price has risen by 40% this year.

Tesla (423.43, -18.33, -4.15%) CEO Musk followed closely, and his wealth increased by US$67.4 billion, an increase of 274%. After the stock price has risen by nearly 90% in the past 12 months, Tesla has been one of the best performing blue chips this year.

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