American Billionaires Have Gotten $1.2 Trillion Richer During The Pandemic

“Twenty million Americans lost their job in the pandemic,” Joe Biden remarked in his Wednesday night

. “At the same time, roughly 650 billionaires in America saw their net worth increase by more than $1 trillion...and they’re now worth more than $4 trillion.”’ data—but the numbers are actually a bit richer. Total American billionaire wealth stands at $4.6 trillion as of the stock market close on April 28, by our count. That’s up 35% from $3.4 trillion when markets opened on January 1, 2020, just as Covid-19 was beginning to take the world by storm.

Just 20 big gainers account for more than half of the increase in all U.S. billionaires’ wealth. The biggest gainer of all, in dollar terms: Elon Musk, who has had an incredible run since the beginning of 2020. The Tesla and SpaceX chief’s net worth has skyrocketed an incredible 540%, from about $27 billion in early January 2020 to more than $170 billion today.

Jeff Bezos, the world’s richest person, has also been a winner. Shares of Amazon are up by 87% over the past 15 months as quarantining shoppers have flocked to the e-commerce giant during the pandemic, helping drive an $86 billion increase in Bezos’ fortune since January 2020.

Source: Financial Digest (financialdigest.net)

Life goes on ..

Preciso só de 100 milhãozinho emprestado para um pequeno negócio... (no aguardo)

Technically the government has been toting 'going green'....so technically you gotta blame them for elonmusk and the shut downs made most of us go to amazon....soooooo I can't blame them for having companies as much as blaming politicians from screwing the small businesses....

Huh.. put the collective 401ks, pensions and retail investors accounts together and what kind of number do you get? When the governments pump trillions into the money system, it inflates just about everything. If you have more to begin with, it’s exaggerated.

That’s $1,200,000,000,000.

But don’t make them pay any more taxes…..somehow that’s “anti American” smh…

It just shows how much humans are dependent on industry.

Instead of spending billions on exploring the space which is useless for us in our present time... Spend those billions on improving the human's quality of life on this ancient earth!

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