We’re almost 6 months down into the coronavirus pandemic and our US billionaire are still doing better than ever.
Jeff Bezos, Mark Zuckerberg, and Steve Ballmer are balling out of control. Since March, they’ve each earned more cash than any other billionaire in the US.
According to a joint analysis by Americans for Tax Fairness and the Institute for Policy Studies, Bezos added $34.5 billion to his overall wealth from March 18 to May 19; Zuckerberg gained $25.3 billion, and Ballmer netted $12.8 billion.
Add that up and you get a rear-shattering $72.6 billion between just 3 execs.
No matter how rich, Bezos is the alpha. The Amazon co-founder is still the world’s wealthiest person with $147.5 billion. Bill Gates is second, his fortune is valued at $106 billion.
Overall, the value of US billionaires swelled by $434 billion, up 15% in the past 2 months. Roughly 38 million Americans submitted claims for unemployment benefits at that time.
Billionaires Musk, Ellison, and Gates are rolling in it, too
Elon Musk’s estimated net worth grew 48% in 2 months to $36.4 billion — gains spurred by the strong market performance of Tesla in the face of the global recession.
Even Oracle, whose share price had floundered prior to coronavirus, posted its best revenue earnings in two years in March. Its co-founder Ellison has since added more than $7 billion to his net wealth.
Tech bros aside, one big winner in ‘our new normal’ is professional hyphen Kanye West. During the lockdown, West actually graduated to the tres comma club after his total estimated wealth hit $1.3 billion.
Instead of cloud computing, Kanye West is hunting profits with real estate, fashion, and car collecting. He’s also reportedly amassed almost $300,000 worth of livestock.