America's billionaires added $282 billion to their total wealth in 23 days during the coronavirus crisis, a report claims
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US billionaires increased their collective wealth by $282 billion in just 23 days during the initial weeks of the coronavirus lockdown,
In the first three months of 2020, even as panic gripped markets, 34 of the US' wealthiest 170 billionaires saw their fortunes surge by millions of dollars, according to apublished by the Institute for Policy Studies last week. Eight even saw their wealth increase by more than $1 billion, the report said.
Billionaires saw their net worths increase in those weeks as stock markets rallied sharply, rewarding those with large stock market investments.
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