Elon Musk is 55% richer in 2020 — but Jeff Bezos is still tech’s billionaire daddy
The old saying goes that there exists but two certainties in life: death & taxes. Turns out there’s a third. Be it global pandemic or widespread civil unrest — US billionaires get richer. Not only has the wealth of the American billionaire class swelled by 19% since COVID-19 shutdowns began (up $565 billion since March 18), but $79 billion was added to their fortunes in just the last week. [Read: The ‘average’ Robinhood trader is no match for the S&P 500, just like Buffett] That, according to long-serving progressive think tank Institute for Policy Studies (IPS), pushed their total wealth beyond $3.5 trillion — a…
This story continues at The Next Web
