US technology billionaires benefit from global restriction

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Tech billionaires in the United States have increased their total wealth significantly in the past few months. While economies around the world are suffering from the dictate of global restriction, people like Jeff Bezos from Amazon and Mark Zuckerberg from Facebook have increased their wealth.

The news comes from a study by Americans for Tax Fairness and the Institute for Political Studies inequality program reported by CNBC. Noticed, that American billionaires increased their wealth by $ 434 billion combined between mid-March and mid-May.

However, the period examined began on March 18, after the stock market fell earlier in the same month. While people like Warren Buffett, Bill Gates and others have seen astonishing asset growth in the past two months, they have actually declined $ 20 billion and $ 4.3 billion respectively since the beginning of the year. The partial recovery of the markets explains the gains observed in the study.

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Understandably America’s billionaires The best performers in these two months of imprisonment are managers of companies that only operate on the Internet. Jeff Bezos’ Amazon did particularly well because people have changed their habits and spend their regular purchases in physical stores on its online platform. His net worth has increased $ 35.5 billion since the beginning of the year.

Mark Zuckerberg, CEO of Facebook, also saw it Your own fortune increases by $ 9 billion. With millions of people working unemployed or from home and various top-class live online events hosted on the platform, The social network was used unprecedentedly even during detention.

Although almost all American billionaires performed particularly well during these difficult times, which were observed in the American tax justice study, there were also some losers. Those working in the hospitality and retail sectors are most affected. Ralph Lauren and hotelier John Pritzker have lost $ 100 million and $ 34 million of their net worth, respectively, since mid-March.



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