capitalism
Out of context: Reply #606
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- utopian8
The Pandemic Has Benefited One Group Of People: Billionaires
As millions suffer during pandemic, billionaires cash in
Roughly 75 percent of America's billiionaires have seen their net worth rise during the pandemic. Sixteen are worth at least twice as much now as they were in March.Over the last six months, roughly 3 out of 4 members of America’s 10-digit-wealth club have seen a rise in their net worths. Sixteen American billionaires are worth at least twice as much now as they were in March. And Jeff Bezos, who was already worth $113 billion at the start of 2020, is heading into the year’s final stretch $73 billion richer.
Michael Bloomberg and Charles Koch are both up by $7 billion, and Mark Zuckerberg has added another $46 billion to his already staggering $54 billion in wealth. Elon Musk found time between COVID truther tweets and CPAP machine donations to take his fortune from $25 billion to $92 billion.
Some billionaires have gotten richer as a direct result of the pandemic. Amazon, for example, was one of the few companies in the United States to expand as consumers locked down at home and avoided brick-and-mortar retail. Facebook, Google, Tesla and Microsoft have also boomed in the past six months, adding to the fortunes of their respective billionaire founders.
- So what? You want to have a look into how much the US benefited from the horror of the horror of WW2.Morning_star
- https://www.qbn.com/…PhanLo
- Where do you think money goes when pumping new dollars. To assets since it's the currency being devalued. Why retailers in on robinhooddeathboy
- U are only seeing some paper players but missing the system. But see how long it can last. Hell biden wants to out spend trump should push them even higherdeathboy