U.S. billionaires ‘ wealth rises by $ 584 billion during Corona era

In the US, corona has reached its highest unemployment rate in 90 years, while the country’s billionaires have continued to boost their fortunes. The total wealth of billionaires increased by $ 584 billion in 3 months to $ 3 trillion 531 billion.

In the US, millions of people remain unemployed because of the corona virus, while billionaires continue to add wealth to their wealth.

June March 18 and June 17 saw the total wealth of U.S. billionaires rise by 20 percent, according to a report by the Institute for Policy Studies and Americans for taxation.

That means their fortunes have grown by $ 584 billion in about 3 months to $ 3 trillion 531 billion.

The number of billionaires in the US also rose from 614 to 643, according to a Forbes data report. So 29 people entered the billionaires club.

March 18 June-June 17 the total wealth of Jeff Bezos, Mark Zuckerberg, Warren Buffett and Larry Ellison, the 5 wealthiest people in the United States alone, rose 26 percent, to $ 101.7 billion.

A significant portion of billionaire wealth growth has come from the rise in stock markets.

The report noted that 45.5 million Americans applied for unemployment during the same period, and referred to statements made by Fed Chairman Jerome Powell.

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