Billionaires in the U.S. grew wealthier by US$434 billion (or C$605 billion) during the coronavirus pandemic, according to figures analyzed by an American think tank.
Since March, Amazon’s Jeff Bezos saw his wealth grow by just over 30 per cent — or US$34.5 billion, says the report, a joint venture between the Institute for Policy Studies in Washington, D.C., and Americans for Tax Fairness.
The analysis is based on Forbes’ list of billionaires in 2020. The report looked at Forbes data from March 18 as well as Forbes data on real-time estimates of net worth on May 19.
Since March, Facebook’s Mark Zuckerberg saw his fortune grow by a little more than $25 billion (or just over 46 per cent), the analysis showed.