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American billionaires richer by USD 434 billion under lockdown
Updated On: 24 May, 2020 07:28 AM IST | New York | Agencies
"The surge in billionaire wealth during a global pandemic underscores the grotesque nature of unequal sacrifice," said Chuck Collins, director of the IPS Program on Inequality and co-author of the Billionaire Bonanza 2020' report
Mark Zuckerberg
As millions of US citizens lost their jobs in the Covid-19 pandemic, nations billionaires saw their net worth jump $434 billion in the first two months of pandemic, led by Amazon Founder and CEO Jeff Bezos ($34.6 billion) and Facebook CEO Mark Zuckerberg ($25 billion).
The top five US billionaires - Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Oracle's Larry Ellison - saw their wealth grow by a total of $75.5 billion, or 19 per cent.
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