Richer In Pandemic – How World Billionaires’ Wealth Soared

The coronavirus pandemic has made some people gain while other’s lost, some of the world’s richest people are earning more in this era.

According to a new report by the Institute for Policy Studies think tank, billionaires in the United States have seen a cumulative growth of more than $637 billion from March 18 to June 11. During the same three-month period, over 44 million individuals have filed for unemployment in the US, with more claims being submitted on a daily basis.

Billionaires in the US have seen their cumulative wealth go from $2.95 trillion to $3.58 trillion over the past 12 weeks, accounting for a 21.5 per cent increase. In the last week alone, their overall wealth jumped $72 billion. Conversely, 1.5 million unemployment claims were filed within the past week in the US.

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