Pandemic Profits: People Who Grew Wealthier During The Pandemic

The Coronavirus pandemic has wreaked havoc all over the world. In US alone, 40 million people have lost their jobs since March 2020. Globally, this rate is somewhere around 400 million, as per International Labour Organization.

However, the picture is not so dire for a small percentage of the world population. This small percentage represents the super-rich billionaires who control the major wealth of the world. And this select group of people saw their wealth increase ridiculously, during the pandemic. These billionaires come from different industry segments: technology, medicine, online retail, and others. At the time when hundreds of tech-startups are struggling to survive, the big-tech companies that have got it made saw exponential booms in their worth and value.

Even the industries that have been badly hit due to the global lockdowns – hospitality, tourism, and travel – saw spikes in wealth surges for some its brands and masters.

As you scroll down, you’ll see an extensive list of global billionaires who got their piggy banks overflowing while a disproportionate number of people worldwide are striving to get by.

1. Jeff Bezos

2. Bill Gates

3. Mark Zuckerberg

4. Warren Buffet

5. Larry Ellison

6. Steve Ballmer

7. Michael Bloomberg

8. Mukesh Ambani

9. MacKenzie Bezos

10. Charles Koch

11. Julia Koch

12. Elon Musk

13. Dieter Shwarz

14. Sheldon Adelson

15. Michael Dell

16. Tadashi Yanai

17. Alain Wertheimer

18. Gerard Wertheimer

19. John Menard, Jr.

20. Rupert Murdoch

21. Steve Cohen

22. Ernest Garcia, II.

23. Edward Roski, Jr.

24. Bubba Cathy

25. Dan Cathy

26. Trevor Milton

27. Jay Chaudhry

28. Jack Dorsey

29. Harold Hamm

30. Karen Pritzker

31. Bobby Murphy

32. Evan Spiegel

33. Ken Xie

34. Jeff Green

35. Bradley S. Jacobs

36. Vincent McMahon

37. Mario Gabelli

38. Peter Buck

39. Alexandra Daitch

40. Lucy Stitzer

Parting Words

The disparity between the world’s rich and poor has grown grotesquely in the past many decades. But the full extent has only been revealed now – during a global health crisis. Any serious effort to correct this widening chasm needs an overhaul of the flawed economic system, a review of monetary and emergency fund policies, and introduction of more robust wealth taxes that can go towards the employment, health, education, and housing of middle and lower-middle socio-economic classes.

Sources:

• Forbes
• IPS – DC
• Statista
• Business Insider
• CNBC
• CT Post
• CNBC