Since the pandemic began, American billionaires made an extra half a trillion dollars

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The richest Americans continue to get richer, while 21 million Americans are on unemployment. As millions of unemployed Americans bear the brunt of economic fallout from the COVID-19 pandemic, U.S. billionaires have seen the opposite: a massive accumulation of wealth. The total amount of wealth controlled by U.S. billionaires’ swelled by more than $565 billion since the beginning of the coronavirus crisis. Read Full Story

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U.S. billionaires got $845 million richer since the start of the pandemic

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Since March, the surging stock market has seen the U.S.’s 643 billionaires average gains of $4.7 billion a day. At a time when it seems the whole country is losing—whether their jobs, their homes, or their health—American billionaires continue to win. They’ve been getting richer (and richer , and richer ) even as millions of Americans face financial ruin. Now, roughly six months into the pandemic, billionaires have seen their collective wealth grow by $845 billion. Read Full Story

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