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New report shows American billionaires got KSh 46 trillion richer during pandemic


May 22, 2020

According to a report by Americans for Tax Fairness and the Institute for Policy Studies, the 56-year-old Bezos, the world’s richest man alive has raked in a staggering KSh 3.7 trillion (US$ 34.6 billion) to his wealth. Facebook founder Mark Zuckerberg, 36, followed on the list with a whopping KSh 3.74 trillion $35 billion additional fortune as shown by data on America’s more than 600 billionaires analysed between March 18 and May 19 of lockdown.

The report further showed the net worth of America’s billionaires soared by 15% during the two-month period of lockdown, amounting to US$3.382 trillion from the previous US$2.948 trillion. The top five richest American billionaires controlling tech-focused companies in the world, Bezos, Bill Gates, Zuckerberg, Warren Buffett, and Larry Ellison, amassed a fortune of KSh 7.6 trillion (US$76 billion). Among the top earners is Elon Musk, the CEO of Tesla, whose earning jumped by 48% in the two months to US$ 36 billion.

Despite the global economy swaying in crisis, American billionaires including Facebook founder Mark Zuckerberg saw their wealth increase by $434 billion.

Bezos’ ex-wife, MacKenzie Bezos, who received Amazon shares in their divorce recently, also saw her wealth increase by a third to US$ 48 billion.

It should be noted the only wealthy man close to Bezos’ mouth watery KSh 14.3 trillion (US$143 billion) net worth is Microsoft co-founder, Bill Gates, who is valued at about KSh 10.2 trillion (US$102 billion).

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