US billionaires’ wealth soars by $565 BILLION during pandemic while millions lose jobs

More than 42 million people

More than 42 million people in the US have filed for unemployment since the start of the Covid-19 crisis. Data shows that, over those same 11 weeks, the nation’s billionaire wealth has risen by more than half a trillion dollars.

According to a new report by the Institute for Policy Studies (IPS), the fortunes of US billionaires soared by $565 billion between March 18 and June 4, growing almost 20 percent.

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