Wealth of ultra rich soars during pandemic --------------------------------------------- In just three months, U.S. billionaires’ wealth surged by over $584 billion while 45.5 million Americans filed for unemployment, according to independent think tank the Institute for Policy Studies --------------------------------------------- Net worth (Jun 22, 2020) Growth in wealth (Mar 18-Jun 22) Jeff Bezos Amazon $162.2 billion $49.2bn (42.5%) --------------------------------------------- Bill Gates Microsoft $109.5 billion $11.5bn (11.7%) --------------------------------------------- Warren Buffett Berkshire Hathaway $71.5 billion $4.0bn (5.9%) --------------------------------------------- Larry Ellison Oracle $69.6 billion $10.6bn (18.0%) --------------------------------------------- Mark Zuckerberg Facebook $88.1 billion $33.4bn (61.1%) --------------------------------------------- Steve Ballmer Microsoft $70.5 billion $17.8bn (33.8%) --------------------------------------------- Larry Page Google/Alphabet $65.2 billion $14.3bn (28.1%) --------------------------------------------- Sergey Brin Google/Alphabet $63.5 billion $14.4bn (29.3%) --------------------------------------------- S&P 500 Index (Year to date) 3,500 3,000 2,500 2,000 Jan Feb Mar Apr May Jun Jan 2: 3,257.85 Feb 19: 3,386.15 Mar 18: 2,398.10 Mar 23: 2,237.39 Jun 22: 3,117.86 Investors gain wealth Investors lose wealth --------------------------------------------- Sources: Institute for Policy Studies, Forbes Pictures: Associated Press © GRAPHIC NEWS