The statistics keep on coming showing the increasing disparity of wealth accumulated by the mega-rich at a time when most people are experiencing increased hardship due to the Covid pandemic.
A new report released by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) reveal the 70% surge of wealth among America's richest individuals since March of 2020 has resulted in approximately 130 new billionaires.
There are now 745 people with "10-figure bank accounts" compared to the 614 that existed when the pandemic first hit.
Those 745 billionaires now hold $5 trillion in collective wealth, having added $2.1 trillion since Covid-19 struck.
The $5 trillion in collective wealth, which the groups note is "two-thirds more than the $3 trillion in wealth held by the bottom 50% of U.S. households."