The nearly 750 billionaires in the United States saw their combined wealth soar by $1 trillion in 2021, a 25% jump.
Elon Musk led the billionaire pandemic profiteers with $118.2 billion in wealth gains last year, a 77% increase from 2020.
Jeff Bezos and Microsoft co-founder Bill Gates, meanwhile, saw their net worths grow by $1.4 billion and $18.3 billion, respectively.
U.S. billionaires now collectively own $5.1 trillion in wealth.
The bottom 50% of the U.S. population combined owns $3.4 trillion in wealth.
Under current law, the billionaires' massive windfalls in 2021 will go untaxed because they consist of unrealized capital gains.