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March 2, 2021
© Photo: Flickr/dmbosstone
By Chuck COLLINS
February 24, 2021 Update: US Billionaire Wealth Grows $1.3 trillion Since Mid-March 2020.
As the US crosses the threshold of half a million deaths from the Covid pandemic, the nation’s billionaires continue to reap extraordinary financial gains. After 11 months of pandemic misery, where millions have lost their jobs, health and wealth, total US billionaire wealth increased $1.3 trillion since mid-March, 2020, an increase of 44 percent.
As of the market close on Friday, February 19, the country’s 664 billionaires now have combined wealth of $4.3 trillion, up from just under $3 trillion on March 18, 2020. These findings based on Forbes data compiled in this report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS). [See table of top 15 billionaires at the end.]
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