DrLove
Diamond Member
Wonder if Loeffler and Perdue made the list with their awesome insider pandemic trades?
The bifurcated economy that took shape in the wake of the Covid-19 pandemic destroyed the lives, savings and small businesses of innumerable Americans, but the year wasn’t a financial washout for everyone.
Between roughly mid-March and Dec. 22, the United States gained 56 new billionaires, according to the Institute for Policy Studies, bringing the total to 659. The wealth held by that small cadre of Americans has jumped by more than $1 trillion in the months since the pandemic began.
According to a December report issued jointly by Americans for Tax Fairness and the Institute for Policy Studies using data compiled by Forbes, America’s billionaires hold roughly $4 trillion in wealth — a figure roughly double what the 165 million poorest Americans are collectively worth. The 10 richest billionaires have a combined net worth of more than $1 trillion.
Wall Street minted 56 new billionaires since the pandemic began — but many families are left behind
The coronavirus has destroyed the lives, savings and small businesses of innumerable Americans — but the year wasn’t a financial washout for everyone.
www.nbcnews.com