Largest tech company CEOs made billions amid pandemic

A handful of American billionaires have reportedly seen notable increases to their net worth during the coronavirus pandemic, which has c...


A handful of American billionaires have reportedly seen notable increases to their net worth during the coronavirus pandemic, which has caused over 38.6 million people in the country to lose their jobs.

The new finding comes from a report published on Thursday by Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality.

The two groups examined the financial data that Forbes keeps on the country’s billionaires, specifically looking at information collected from March 18 to May 19.

Amazon founder and CEO Jeff BezosJeffrey (Jeff) Preston BezosHow the latest X-37B mission may change the world Amazon says it will pick ‘the appropriate Amazon executive’ in response to House threat to subpoena Bezos Are conservatives merely wimps on the path to extinction? MORE — already comfortably the richest man in the world before the pandemic — has seen his net worth grow 30.6 percent in the past two months, boosting it to $147.6 billion.

According to the analysis, which was first reported by CNBC, both Facebook CEO and founder Mark ZuckerbergMark Elliot ZuckerbergHillicon Valley: Commerce announces new Huawei restrictions | Russian meddling report round five | Google’s ad business in spotlight Democratic senators urge Facebook to curb coronavirus misinformation in other languages Without transparency, we can’t trust robot operators — especially in a pandemic MORE and Tesla founder and CEO Elon MuskElon Reeve MuskLilly Wachowski claps back at Ivanka Trump and Elon Musk’s ‘red pill’ exchange Add the death of common sense to the coronavirus’s toll Democrats block progress at their peril MORE saw their net worths increase by nearly half. Zuckerberg’s rose 46.2 percent to $80 billion, while Musk’s jumped 48 percent to $36.4 billion.

Bezos, Zuckerberg, Bill Gates, Warren Buffett and Larry Ellison — the five richest Americans — saw a combined wealth increase of $76 billion dollars.

America’s billionaires have allegedly seen their collective net worth increase 15 percent during the pandemic, going from $2.948 trillion to $3.382 trillion.



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Newsrust: Largest tech company CEOs made billions amid pandemic
Largest tech company CEOs made billions amid pandemic
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