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American billionaires have added $1.3 trillion to their collective net worths since March 2020, according to a new report from the Institute of Policy Studies (IPS) and Americans for Tax Fairness (ATF).
Using data from Forbes, the report finds that billionaires have seen a 44% increase in wealth since March 18, 2020. The collective worth of American billionaires as of February 19 was $4.3 trillion. In the US, the bottom half of the population holds around $2.4 trillion in collective wealth.
Another pandemic development is the addition of more centi-billionaires, or billionaires worth over $100 details ⇒
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