Wealth of Mark Zuckerberg Soared

According to a report published by the Institute for Policy Studies (IPS), the wealth of US billionaires has surged by almost 19 percent or more than half a trillion US dollars more since the Covid-19 pandemic.

The billionaire includes the founder of Amazon and the richest person in the world Jeff Bezos, Facebook CEO Mark Zuckerberg, and CEO of Tesla Elon Musk. During the 11 weeks since March 18 when the US began to impose lockdown, the wealth of this billionaire jumped more than 565 billion US dollars

US Billionaire Wealth Increases  but on the other hand, 42.6 million workers in the US actually apply for unemployment benefits. “These statistics remind us that we are more divided economically  in decades,” said one of the report’s authors, Chuck Collin, ” During the 11 week lockdown period, Bezos’ wealth jumped by around 36.2 billion US dollars while Mark Zuckerberg’s wealth jumped by around 30.1 billion US dollars. In addition, the value of Elon Musk’s wealth also rose 14.1 billion US dollars in the same period. Also read: Jack Ma’s Wealth Vanishes. “Even last week we saw the wealth of US billionaires surge 79 billion US dollars,” said the report

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According to a report published by the Institute for Policy Studies (IPS), the wealth of US billionaires has surged by almost 19 percent or more than half a trillion US dollars more since the Covid-19 pandemic.

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