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US Billionaire Wealth Surges $434 Billion as Unemployment Filers Top 38 Million
The combined wealth of Amazon's Jeff Bezos and Facebook's Mark Zuckerberg has climbed by nearly $60 billion in the last two months.
May 21, 2020 Chuck Collins
Originally in Inequality.org
The number of U.S. citizens filing for unemployment increased to 38.6 million since March 18, according to the Bureau of Labor Statistics. Over the same two months, the wealth of U.S. billionaires has surged $434 billion – an increase of 15 percent.
The combined fortunes of Jeff Bezos and Mark Zuckerberg alone grew by nearly $60 billion during these two months, according to a new analysis, jointly released by Americans for Tax Fairness and the Institute for Policy Studies, which released Billionaire Bonanza 2020 in April to examine billionaire wealth during the first month of the pandemic.
Between March 18 and May 19, the total net worth of the 600-plus U.S. billionaires rose from $2.948 trillion to $3.382 trillion. In March, there were 614 billionaires on the Forbes list. There are 630 two months later, including newcomer Kanye West at $1.3 billion.
Among other COVID-19 victims are the more than 16 million Americans who have likely lost employer-provided healthcare coverage. Low-wage workers, people of color and women have suffered disproportionately in the combined medical and economic crises. Billionaires are overwhelmingly white men.
Wealth growth of other select billionaires in the top 30 on the Forbes May 19 list are below.
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Sources: All data analyzed by ATF and IPS is from Forbes and available here. March 18, 2020, data is from the Forbes World’s Billionaires List: The Richest in 2020. May 19, 2020 data was taken from Forbes real-time estimates of worth that day.
Here are the list of top 10 richest women in the world 2020- 2021 (Forbes Billionaires List). 10. Charlene de Carvalho-Heineken ($12.6 B) Charlene de Carvalho-Heineken world’s wealthiest woman. This 62-year-old heiress from Netherlands owns a 25 % stake in the brewer Heineken. The next woman in Forbes 100 Richest India list was Leena Gandhi Tewari, who was ranked at number 47. The 63-year-old chairperson of USV Private Limited saw a gain of $1.08 billion in her net worth... T here are only 56 women on this year’s Forbes 400 list of the richest people in America—the same number as last year. But as a group, they’re richer than ever, worth a combined $452 billion Be part of the reinvented Forbes Women’s Summit, which will take place on a new date: November 19th. 30 Under 30. Jetzt lesen. Die Welt kämpft mit großen Herausforderungen, die Zukunft wirkt zunehmend düster. Die diesjährige Forbes Under 30 DACH 2020-Liste kommt also genau zum richtigen Zeitpunkt, um ein wenig Optimismus zu verbreiten. Darunter finden sich Start-up-Gründer und VC Roshni Nadar Malhotra has claimed the 55th spot on the Forbes 2020 list of 'The World's 100 Most Powerful Women'. As CEO of HCL Corporation, she is responsible for all strategic decisions for the USD 8.9 billion technology company. In July 2020, Malhotra took HCL's chairperson role from her father and she is a trustee of the Shiv Nadar Foundation, which is focused on education and has established some of India's top colleges and schools. As for the richest self-made woman in America? That would be 73-year-old roofing magnate Diane Hendricks, whose net worth is an estimated $8 billion USD. Head to the Forbes website to see this year’s richest self-made women in America. Beyonce Rihanna Lady Gaga Madonna Kylie Jenner Jennifer Lopez Forbes Celine Dion RELATED: Rihanna Joins Forbes List Of America's Richest Self-Made Women Topping the list by a wide margin is Kylie Jenner, who earned approximately $590 million this year, coming largely from... Tennis star Roger Federer is at the top of Forbes' annual rankings of the "World's 100 Highest-Paid Athletes." Federer made $106.3 million over the past year after coming in at No. 5 on the 2019 list. She swaps with L'Oréal heiress Francoise Bettencourt Meyers, who’s the second richest woman on the 2020 list. Forbes used stock prices and exchange rates from March 18, 2020 to calculate the net... RICHEST IN MUSIC. Selling out is the new sound of music. METHODOLOGY. How the definitive guide to wealth is compiled. Features. NEWS . How Covid-19 changed the outcome of the 2020 Rich List
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