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America's billionaires like Mark Zuckerberg, Jeff Bezos and Elon Musk have grown $1.1 trillion richer during the pandemic


(CNN) Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor.
US billionaires have collectively become $1.1 trillion nearly 40% richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies and Americans for Tax Fairness.
In other words, not only have the uber-wealthy recovered their losses from the spring, many are faring much better than before. That s in large part because of the sizzling stock market. Elon Musk alone is about $155 billion richer, boosted by Tesla s skyrocketing market valuation.
Forty-six people joined the ranks of billionaires since March 18, 2020, the week after the World Health Organization declared a global pandemic, according to the report. ....

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America's billionaires have grown $1.1 trillion richer during the pandemic


America’s billionaires have grown $1.1 trillion richer during the pandemic
Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor.
US billionaires have collectively become $1.1 trillion nearly 40% richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies and Americans for Tax Fairness.
In other words, not only have the uber-wealthy recovered their losses from the spring, many are faring much better than before. That’s in large part because of the sizzling stock market. Elon Musk alone is about $155 billion richer, boosted by Tesla’s skyrocketing market valuation. ....

United States , North Carolina , White House , District Of Columbia , Janet Yellen , Elon Musk , Jeff Bezos , Mark Zuckerberg , Joe Biden , Institute For Policy , World Health Organization , Federal Reserve , University Of Notre Dame , Lab For Economic Opportunities , Oxfam International , University Of Chicago , Policy Studies , Notre Dame , Black Americans , Big Tech , President Joe Biden , American Rescue Plan , Thatv Shaped , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கரோலினா , வெள்ளை வீடு ,