Sunday, September 8, 2024

Wealth of US Billionaires Hits $5.5 Trillion—Up 88% Since Pandemic Hit


4 years in the past, the USA entered the Covid-19 pandemic. Forbes printed its thirty fourth annual billionaire surveyshortly after with information keyed to March 18, 2020. On that day, the USA had 614 billionaires who owned a mixed wealth of $2.947 trillion.

4 years later, on March 18, 2024, the nation has 737 billionaires with a mixed wealth of $5.529 trillion, an 87.6 p.c improve of $2.58 trillion, in accordance with Institute for Coverage Research calculations of Forbes Actual Time Billionaire Information. (Thanks, Forbes!)

The final 4 years have been nice for explicit billionaires:

On March 18, 2020, Tesla CEO Elon Musk had wealth valued just below $25 billion. By Might 2022, his wealth had surged to $255 billion. As of March 18, 2024, Musk is at $188.5 billion, greater than a seven-fold improve in 4 years.

Over 4 years, Amazon founder Jeff Bezos has seen his wealth improve from $113 billion to 192.8 billion, even after paying out tens of billions in a divorce settlement and donating tens of billions to charity.

Three Walton household members — Jim, Alice, and Rob — are the principal heirs to the Walmart fortune. They noticed their mixed property rise from $161.1 billion to $229.6 billion.

In 2020, just one billionaire — Jeff Bezos — had $100 billion or extra. At present, your complete prime ten are centi-billionaires, bringing their collective wealth to a staggering $1.4 trillion.

The one billionaire on the 2020 prime 15 wealthiest People record to see their wealth decline in 4 years was MacKenzie Scott. 4 years in the past, on March 18, 2020, the ex-wife of Jeff Bezos had a web value of $36 billion. It has declined to $35.4 billion as a result of her aggressive giving to charity.

For extra particulars on how America’s billionaires have fared for the reason that onset of the pandemic, try our updates web page.

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