. “At the same time, roughly 650 billionaires in America saw their net worth increase by more than $1 trillion . . . and they’re now worth more than $4 trillion.”’ data—but the numbers are actually a bit richer. Total American billionaire wealth stands at $4.6 trillion as of the stock market close on April 28, by our count. That’s up 35% from $3.4 trillion when markets opened on January 1, 2020, just as Covid-19 was beginning to take the world by storm.
Just 20 big gainers account for more than half of the increase in all U.S. billionaires’ wealth. The biggest gainer of all, in dollar terms: Elon Musk, who has had an incredible run since the beginning of 2020. The Tesla and SpaceX chief’s net worth has skyrocketed an incredible 540%, from about $27 billion in early January 2020 to more than $170 billion today.
That’s so fucked up.
this is terrible news