Updates: Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers
1 min readImage: Institute for Policy Studies. Article by Chuck Collins. Inequality.org – November 21, 2022. Data source: Forbes’ billionaire database.
November 21, 2022 update-
Billionaire Wealth Slips, But Still 50 Percent Gain Since Pandemic Start
US billionaires have seen their wealth gains roll up and down over the last year. Here at Inequality.org we occasionally take a snapshot to see how the U.S. billionaire class is faring. While some billionaires have seen wealth evaporate, their combined assets are still 50 percent higher than March 18, 2020. As of Monday, November 21, there are 728 billionaires with combined wealth of $4.48 trillion, an increase of $1.5 trillion compared to mid-March 2020, drawing on Forbes’ billionaire database. Combined U.S. billionaire wealth prior to the pandemic was just under $3 trillion. […]
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