The whole world is taking a hit from the Coronavirus pandemic. Governments are feeling the pressure, companies are folding up, millions are getting unemployed worldwide but that’s not the case with owners of huge businesses, the Billionaires.

In a recently released Americans for Tax Fairness (ATF) report which calculated the net worth of some 600 plus American Billionaires, it was found out that their collective net worth went up by a staggering $434 Billion between March 18 and May 19.

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Microsoft co-founder Bill Gates

 

Owning a huge chunk of this shared wealth is 5 of the wealthiest people in America;  Amazon CEO Jeff Bezos, Philanthropist and Microsoft Co-founder Bill Gates, Facebook CEO Mark Zuckerberg, American investor and business tycoon Warren Buffet and Co-founder and Executive Chairman of Oracle Larry Ellison.

The top 5 grossed $75.5 Billion of the accrued $434 Billion. The pandemic has seen American Billionaires total net worth climb from $2.9 trillion to $3.4 trillion.

Facebook CEO Mark Zuckerberg

Last week, the Amazon CEO was predicted to become the first trillionaire in the world. His net worth increased by a whopping 30.6% in just two months.

Money experts said the pandemic has further deepened America’s wealth gap. The executive director of ATF said, ‘The pandemic has revealed the deadly consequences of America’s yawning wealth gap, and billionaires are the glaring symbol of that economic inequality.’

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