by Wolf Richter
Wolf Street
Over 30 million people lost their jobs while the wealth of America’s 600-plus billionaires ballooned by $434 billion, to $3.4 trillion.
The examples are all over the place. The wealth of Amazon’s Jeff Bezos soared by $74 billion so far this year, according to Bloomberg. Mark Zuckerberg’s wealth jumped by $20 billion so far this year. Elon Musk’s wealth soared by around $50 billion. The wealth of Microsoft founder Bill Gates jumped by $8 billion. Rob Walton, Jim Walton, and Alice Walton, of the Walmart family, saw their combined wealth jump by $14 billion. Chairman and CEO of mutual fund company Fidelity Investments, Abby Johnson, who owns nearly a quarter of the company, saw her wealth soar by $11 billion. The wealth of Google founders Larry Page and Sergey Brin soared by $7 billion a piece, and Oracle founder Larry Ellison’s by $5 billion.