- Elon Musk’s wealth grew over $100 billion since the start of the pandemic, from $24.6 billion on March 18 to $126 billion on November 24, an increase of 413%, boosted by his Tesla stock. His wealth now surpasses Bill Gates of Microsoft
- Jeff Bezos’s wealth grew almost $70 billion from $113 billion on March 18 to $182.4 billion.
- Dan Gilbert, chairman of Quicken Loans, saw his wealth rocket by over $37 billion, from $6.5 billion in March to $43.9 billion on November 24, 2020, an increase of 575 percent.
All privately held wealth in the U.S., estimated at $112 trillion.
The distribution of $112 trillion in total private wealth is this:
The top 1% has $34.23 trillion;
The top 90-99% have 43.09 trillion
The 50-90% have $32.65 trillion
and, lastly the bottom half of the population have $2.08 trillion.
The almost $4 trillion owned by U.S. billionaires is about 3.5 percent of all privately held wealth in the U.S..
Billionaire wealth is twice the amount of wealth held by the bottom 50 percent of households combined, roughly 160 million people.
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