Coronavirus: American billionaires got $434 billion richer during pandemic

Coronavirus: American billionaires got $434 billion richer during pandemic

- With the global economy swaying in crisis amid Covid-19 pandemic, American billionaires have seen their wealth soar by $434 billion

- Among them is Amazon CEO, Jeff Bezos, who successfully amassed a staggering fortune of $34.6 billion to his wealth during Covid-19 pandemic

- Facebook founder, Mark Zuckerberg, added an additional fortune of $35 billion as owners of tech-focused companies in the world gained from lockdown

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Despite the world diving into a big financial crisis due to the coronavirus pandemic, Jeff Bezos and top American billionaires including Facebook founder Mark Zuckerberg have seen their fortunes soar by $434 billion.

According to CNBC, Bezos who is founder of Amazon - a multinational conglomerate technology company - is the biggest earner during the pandemic with the 56-year-old American raking a staggering $34.6 billion to his wealth.

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Zuckerberg, 36, followed on the list with a whopping $25 billion additional fortune as data on America’s more than 600 billionaires analysed between March 18 and May 19 of lockdown indicated.

The information is based on Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality as highlighted by Forbes.

According to the report, the net worth of America’s billionaires soared by 15% during the two-month period of lockdown apparently amounting to $3.382 trillion from the previous $2.948 trillion.

The richest five American billionaires dominating highly tech-focused companies in the world - Bezos, Bill Gates, Zuckerberg, Warren Buffett, and Larry Ellison - amassed a fortune of $76 billion.

Among the top earners is Elon Musk, the CEO of Tesla, whose earning jumped by 48% in the two months of lockdwon to $36 billion.

Coronavirus: American billionaires got $434 billion richer during the pandemic
Despite the global economy swaying in crisis, American billionaires including Facebook founder Mark Zuckerberg saw their wealth increase by $434 billion.
Source: UGC

Bezos’ ex-wife, MacKenzie, who recently received Amazon shares in their divorce, also saw her wealth increase by a third to $48 billion.

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America has 1,621,333 Covid-19 cases and some of the states in the country are on lockdown as coronavirus pandemic took a devastating hit on global economy.

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Meanwhile, reported that Jeff Bezos may become the world's first trillionaire by 2026 and not any time soon as many media reports claim.

It should be noted that the only wealthy man close to Bezos’ mouth watery $143 billion (N54,070,800,000,000) net worth is Microsoft co-founder, Bill Gates, who is valued at about $102 billion (N39,394,440,000,000), 22 Words reports.

Born in New Mexico in 1964, the Amazon chief has always been passionate about computers and that influenced his decision to study computer science and electrical engineering at Princeton University.

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