U.S. Billionaire Wealth Has Surged During the Pandemic

Jun 29, 2020 / By Elaine Belsito
Horsesmouth Assistant Editor
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Chart Talk: While some 45.5 million Americans have filed for unemployment since March, U.S. billionaires have collectively seen a $584 billion increase in their wealth.

Statista reports: “U.S. billionaires saw their wealth surge 20% since the start of the pandemic according to an analysis by the Institute for Policy Studies and Americans for Tax Fairness. Between March 18 and June 17, the total net worth of 643 American billionaires increased from $2.9 trillion to $3.5 trillion while a further 29 individuals joined the club. While their collective wealth grew by $584 billion, some 45.5 million Americans filed for unemployment.

Source: Statista

Comments

What's the point? Of course they did, they own the best stocks and are able to stay invested in the markets.

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