US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
Forbes reported in its annual billionaires survey
that US billionaire wealth fell from $3.111 trillion in 2019 to $2.947 trillion this year, a loss of $164 billion. But the Billionaire Bonanza report says these losses have been erased and total US billionaire wealth is now — as of May 28 — $3.439 trillion, a $485 billion increase since March 18 and a $328 billion increase from Forbes' 2019 global billionaire survey. David Herro was the world's best international stock picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets — and 3 he sold.
"The surge in billionaire wealth during a global pandemic underscores the grotesque nature of unequal sacrifice. While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top," the report said.
As billionaires have improved their net worths, millions of Americans are struggling to make ends meet amid the pandemic.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tom Brady is selling his highly customized Cadillac Escalade for $300,000 — see inside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
8 mega-billionaires who have gained net worth amid the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
Disney World Hopes To Reopen July 11—With New Precautions In PlaceDisney revealed plans to reopen its Walt Disney World resort in Orlando, Florida, on July 11—with new precautions in place by iamsternlicht
Lire la suite »
2.1M more Americans file for unemployment, bringing 10-week total to more than 40 million amid coronavirusThe number of Americans struggling to make ends meets continues to grow, even as the economy begins to restart after shutting down to slow COVID-19
Lire la suite »
Aircall used this pitch deck to raise $65 million during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
U.S. businesses hammered by pandemic but see some green shoots, Fed saysU.S. businesses continued to be slammed by the effects of the novel coronavirus epidemic into the middle of May, a Federal Reserve report showed on Wednesday, and few expected a swift recovery despite some signs of hope.
Lire la suite »