America's 745 billionaires are now worth more than $5 trillion combined, up from just under $3 trillion in March 2020.
, a large sum that is still significantly less than the more than $2 trillion billionaires have gained during the pandemic.
The 745 billionaires in the U.S. now have a combined wealth of more than $5 trillion, up from just below $3 trillion as of March 18, 2020,data by Americans for Tax Fairness and the Institute for Policy Studies Program on Inequality. To be more precise, billionaires saw their combined profits soar by about $2.1 trillion since lockdowns were implemented last year to curb the spread of COVID-19.
Billionaires' COVID-19 pandemic profits alone could fund the entirety of President Joe Biden's proposed $1.75 trillion Build Back Better social spending bill. In this photo, an activist with MoveOn calls for increased federal taxes on the wealthy and big corporations on May 17 in Houston, Texas.
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