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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.