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18.09.2020 / 19:23

US billionaires see wealth soar by $845bn during coronavirus crisis

lost earnings amid the coronavirus pandemic, the country’s billionaires saw their combined wealth increase by almost 30 per cent, according to The Institute for Policy Studies' (IPS) study.The wealth inequality report analysed America’s 643 wealthiest individuals, including Amazon CEO Jeff Bezos, Microsoft founder Bill Gates, and Facebook CEO Mark Zuckerberg.Chuck Collins, who directs the IPS Program on Inequality and co-authored the report, told CNN he was shocked at the results."I would have thought maybe six months into this that things would have shaken out — that everybody would take a hit,” he said.

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Jeff Bezos, Elon Musk among billionaires gaining net worth in pandemic: Report

The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing Covid-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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