While many Americans have suffered financially since the onset of the coronavirus pandemic, the county’s billionaires have prospered.

CNN reported Friday that billionaires have become $565 billion richer since March 18, citing the Institute for Policy Studies, a progressive think tank.

Total wealth for billionaires stands at $3.5 trillion — up 19 percent from the low point near the start of the pandemic — CNN reported, pointing out that Amazon founder and CEO Jeff Bezos has amassed $36.2 billion since March 18.

In contrast, nearly 43 million Americans have filed for initial unemployment benefits since mid-March.

Did you like this story?
Would you like to receive articles like this in your inbox? Free!

James Wright Jr.

James Wright Jr. is the D.C. political reporter for the Washington Informer Newspaper. He has worked for the Washington AFRO-American Newspaper as a reporter, city editor and freelance writer and The Washington...

Leave a comment

Your email address will not be published. Required fields are marked *