Tuesday 18 August 2020

Elon Musk has tripled his wealth during the pandemic, joining a list of 12 Americans collectively worth more than $1 trillion (TSLA, AMZN, FB, GOOG, GOOGL, BRK.A, WMT, ORCL, MSFT)

Elon MuskMike Blake/Reuters

  • The 12 richest Americans are now worth more than $1 trillion, according to an analysis from the Institute for Policy Studies.
  • During the pandemic, their combined wealth has increased by $283 billion, a jump of nearly 40%, according to the report.
  • Elon Musk saw the biggest gains, tripling his personal fortune as Tesla's stock has surged this year.
  • The list is dominated by other titans of the tech industry including Jeff Bezos, Bill Gates, Mark Zuckerberg, and Google's cofounders. 
  • Visit Business Insider's homepage for more stories.

America's richest individuals are getting richer and showing no signs of slowing down during the pandemic.

The trend is most prominent among the dozen wealthiest Americans, whose collective net worth passed $1 trillion last week, according to a new analysis from the Institute for Policy Studies using data from Forbes and Bloomberg's billionaire trackers.

See the rest of the story at Business Insider

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