How nice for the billionaires, profiteering off misery. Seems it’s what they do best … EWR
“A new study found that in the past eight weeks alone, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes”
By Alan Macleod | 15 May 2020
MINT PRESS NEWS — America’s billionaires have seen their wealth increase by 12.5 percent during the COVID-19 lockdown period. The Institute for Policy Studies (IPS), a Washington, D.C.-based think tank, released a study Thursday showing that, in the eight weeks between March 18 and May 14, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes.
Among the more famous big winners during the pandemic include Facebook co-founder Mark Zuckerberg, who adds $21 billion to his net worth (a 38 percent increase). Failed Democratic presidential contender Michael Bloomberg is up $10 billion as well, meaning he has recouped ten times as much as he lost in his big money political campaign that went nowhere. Microsoft co-founder Bill Gates has increased his fortune by around $6 billion as well.