America's Billionaires Have Become $1.1 Trillion Richer Amid the Pandemic.
According to a report published by The Institute for Policy Studies and Americans for Tax Fairness.
Billionaires in the United States have collectively become 40% richer since mid-March.
In fact, many billionaires are faring better than they were before the pandemic.
The $4.1 trillion in wealth that America's 660 billionaires currently hold is two-thirds more than what the bottom 50% of Americans hold.
Big players Mark Zuckerberg, Jeff Bezos and Elon Musk have enjoyed significant increases in wealth.
They are respectively $37 billion, $68 billion and $155 billion richer.
According to economists, over 8 million Americans fell into poverty in the last 6 months of 2020.
According to Oxfam International's annual inequality report, it will take over a decade for the poorest people in the world to recover losses from COVID-19.
It only took nine months for the world's top 1,000 billionaires to recover and then turn a profit