Mark Zuckerberg, Jeff Bezos are apparently making a lot of money amid coronavirus pandemic

COVID-19 impact in US: As people all over the world struggled with the economical impact of coronavirus, billionaires in the US saw financial gains even during the lockdown, a study published on Thursday by two think tanks found. A report by Americans for Tax Fairness (ATF) and Institute for Policy Studies (IPS) found that the over 600 billionaires in the US saw a 15% increase in their total net worth between March 18 and May 19 this year, during which time the US had been placed under the lockdown due to COVID-19.

The study analysed Forbes’ data and found that there was a collective increase of $434 billion in the net worth of the billionaires, increasing from $2.948 trillion to $3.382 trillion during the period. Out of these, the wealth of top five US billionaires – Amazon owner Jeff Bezos, Microsoft co-founder Bill Gates, social media giant Facebook CEO Mark Zuckerberg, Berkshire Hathaway CEO Warren Buffet and Oracle co-founder Larry Ellison – rose 19% by $75.5 billion.