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American billionaires added $1.1 trillion in wealth during the pandemic

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American billionaires saw their collective net worth grow by $1.1 trillion over the past 10 months, according to a new report from the the Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF).

In a press release, IPS and ATF said those gains could “pay for all the relief for working families” in President Biden’s $1.9 trillion stimulus package — all “while leaving the nation’s richest households no worse off than they were before COVID-19 hit.”

The collective net worth of American billionaires was $4.1 trillion as of January 18, 2021, according to the report, details ⇒

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