A million deaths from COVID-19, but U.S. billionaires have seen their combined wealth rise over $1.7 trillion, a gain of over 58 percent.
Billionaires have seen their wealth surge during the pandemic yet millions have lost the lives of loved ones and their livelihoods.
On March 18, 2020, at the beginning of the formal lockdown, U.S. billionaires held a combined $2.947 trillion. On May 4, 2022, as the U.S. crossed the 1 million death mark, 727 U.S. billionaires were worth $1.71 trillion more, according to Forbes.
Elon Musk who had wealth valued just under $25 billion on March 18, 2020 has seen his wealth increase to $255 billion as of May 4, 2022.