WE ARE WITNESSING THE GREATEST WEALTH TRANSFER IN HUMAN HISTORY – U.S. BILLIONAIRES GAINED $1 TRILLION SINCE THE PANDEMIC STARTED
December 1, 2020 in News by RBN Staff
source: blacklistednews
Published: November 29, 2020
SOURCE: STATISTA.COM
There are 650 billionaires on the list, out of which 47 are new arrivals with 11 dropping out due to death or financial decline. There were numerous impressive financial gains among notable billionaires on the lit with Jeff Bezos growing his fortune by $69.4 billion between March 17 and November 24. The Amazon boss and richest man on the planet is now with $182.4 billion. The most impressive gain on the list was recorded by Tesla and SpaceX CEO Elon Musk who has seen his fortune experience a meteoric rise. In the above period, his weath surged a whopping 414 percent, climbing from “just” $24.6 billion to $126.2 billion, making him the world’s second richest man after Bezos.
Illustrating the gulf in financial inequality in the U.S. today, the analysis states that U.S. billionaires own $4 trillion, 3.5 percent of all privately held wealth in the country. Billionaire wealth is now twice the amount of wealth held by the bottom 50 percent of all American households combined, approximately 160 million people.