Billionaires Increased Their Wealth By 27% During A Pandemic And A Recession
When money decides if you live or die.
4 min readOct 9, 2020
I read not too long ago that billionaire wealth had increased by 27% during the course of the pandemic. This is an astonishing figure in the context of a deep recession. Just this last month alone, more than 800,000 initial claims for unemployment benefits were filed. At the beginning of the pandemic, more than 6 million claims were file in one month. And prior to the pandemic, 221,000 claims were filed in January. How is it that during…