Global Pandemic Didn't Stop These 5 Billionaires From Getting Richer

By Neil P. First Posted: Nov 24, 2020 08:10 AM EST

The global pandemic has brought a negative impact on the economy, but some American billionaires even grew their net worth amid the pandemic.

(Photo : Unsplash/Giorgio Trovato)
Billions of dollars that Billionaires earned amid the pandemic.

The global pandemic is a tough time for everyone. Different businesses decided to shut down their operation either because of government mandate or due to bankruptcy.

On the other hand, others survive by shifting their business through the use of the internet.

According to a study conducted by Forbes, about half of the world's billionaires have lost money during the pandemic.

Interestingly, they also found out that some businesses are thriving especially in the technology-related industry where a number of them even got richer.

In fact, in an analysis by the Americans for Tax Fairness and the Institute for Policy Studies that use Forbes' data, they said that the combined net worth of 644 billionaires in the country rose by nearly $1 trillion to $3.88 trillion since March.

Here is a list of some billionaires in the country whose net worth grew by billions of dollars from March to October, according to MSN:

1. Jeff Bezos

His net worth as of March 18 was $113 billion and it increased to $203.1 billion as of Oct.13. This means an increase of $90.1 billion or 79.8 percent.

One of the factors seen is also the increase in profit of Amazon, which he owns. Amazon's profits in the third quarter have tripled.

2. Elon Musk

He is rising fast in the rankings of the richest persons in the world. This is primarily because of the large part of his electric vehicle company Tesla being added to the S&P 500 stock market index in November.

As of March 18, his net worth was $24.6 billion and it has increased to $92.8 billion as of Oct. 13. This means that his net worth has increased by $68.2 billion or 277.4 percent.

3. Mark Zuckerberg

It will be a big question if Facebook CEO and Founder Mark Zuckerberg will not be included in the list.

Even if the biggest social media platform in the world is accused of being a monopoly and of allowing Russian election interference or for accepting campaign ads, still the CEO's net worth has increased.

As of March 18, his net worth was $54.7 billion and it has increased to $101.2 billion as of Oct. 13. This means that his net worth has increased by $46.5 billion or 85.1 percent.

4. Bill Gates

According to Forbes, the second-richest person in the world after Jeff Bezos is Microsoft co-founder Bill Gates. He also became the richest person in the world for 25 years after his corporation's fast rise in the tech world.

As of March 18, his net worth was $98 billion and it has increased to $118 billion as of Oct. 13. His net worth has increased by $20 billion or 20.4 percent.

5. Larry Ellison

He is the founder of the Oracle Corporation and he was also a college dropout just like fellow billionaires Bill Gates and Mark Zuckerberg.

As of March 18, his net worth was $59 billion and it has increased to $80.3 billion as of Oct. 13. He saw an astounding increase of $21.3 billion or 36.1 percent.