US tech billionaires got even richer with the pandemic: their fortunes grew 15% in two months

Jeff Bezos and Mark Zuckerberg are two of the biggest beneficiaries of the crisis, given the increase in the value of tech stocks.

The fortune of American billionaires increased 15% in the two months since the start of the new coronavirus pandemic, with Amazon CEO Jeff Bezos and Facebook chief Mark Zuckerberg leading the way, a study revealed.

The more than 600 billionaires that the United States has got even richer as technological actions increased during the lockdown caused by the virus, said a data analysis by two groups of experts.

Between March 18 and May 19, his total net worth increased by $ 434 billion , while the coronavirus pandemic caused job losses and economic agony for tens of millions of Americans.

Bezos’ wealth grew more than 30% to $ 147.6 billion, while Zuckerberg’s increased more than 45% to $ 80 billion, according to research by Americans for Tax Fairness and the Inequality Program of the Institute for Political Studies. The analysis was based on data from the list of billionaires published by Forbes magazine .

Bill Gates of Microsoft and Warren Buffett of Berkshire Hathaway posted significantly lower earnings of 8.2% and 0.8% respectively, according to the report.

Warren Buffett and Bill Gates have been dedicated to philanthropy in recent years (archive)
Shares of Amazon and Facebook increased after new announcements of programs that boosted their businesses at a time when many consumers are locked up at home.

The loss of jobs in the United States exceeded 38.6 million since they began business closures in mid-March. Other data has shown a collapse in home sales and a decline in manufacturing activity.

COVID-19 has killed at least 96,000 people in the United States, where more than 1.5 million infections have been confirmed, making the country the most affected by the pandemic.

(With information from AFP)

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