- American billionaires have added $1.3 trillion to their collective net worths since March 2020, according to a new report from the IPS and ATF. The gains are part of a wider trend. In January, an Oxfam report found that the world’s billionaires had seen their wealth increase by $3.9 trillion from March 18, 2020 to December 30, 2020.
- Using data from Forbes, the report finds that billionaires have seen a 44% increase in wealth since March 18, 2020. The collective worth of American billionaires as of February 19 was $4.3 trillion. In the US, the bottom half of the population holds around $2.4 trillion in collective wealth.
- Another pandemic development is the addition of more centi-billionaires, or billionaires worth over $100 billion. Bill Gates and Elon Musk joined Jeff Bezos in that elite club, while Mark Zuckerberg falls just short at around $96 billion.
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Categories: Business, International
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