US billionaires has added nearly $ 1 trillion to their Net worth since the Epidemic began

US-billionaires-has-added-nearly--1-trillion-to-their-Net-worth

During the Corona virus epidemic, many families in the United States faced various problems and now millions of families say they do not have enough to eat. Many people have been laid off and their salaries cut.

On the other hand, it was a very different year for the richest person in America. A section of billionaires has added nearly $ 1 trillion to their net worth since the epidemic began. About one fifth of it went into the pocket of just two people. One is Amazon CEO Jeff Bezos, and the other is Tesla’s Elon Musk.

Musk has increased his net worth since January. According to Bloomberg estimates, Elon Musk added $ 132 billion to his wealth and ranked second among the richest people in the world with $ 169 billion. During this period, Jeff Bezos’ wealth grew by around $ 70 billion and at the end of the year his total wealth was $ 186 billion.

Shares of both companies have risen significantly during this period. Shares of Musk company Tesla have risen nearly 800 percent this year. There are many reasons for this. Its huge factory in Shanghai will start making vehicles this year, the company reported a steady quarterly profit, and overall EV demand is expected to grow in 2021.

On the other hand, Amazon shares are up almost 70 percent this year. Growing epidemic among Americans Most Americans ordered from this e-commerce. Otherwise, they would have bought these items at retail shops. Amazon Web Services has made huge profits, increasing demand during epidemics.

The two people increased total wealth by $ 200 billion last year, which is higher than the GDP of 139 countries. A billion dollars can make a difference in basic life in any other context.