‘Orgy of Wealth’ Continues as US Billionaires Grew $584 Billion Richer Over Last 3 Months While 45 Million Lost Their Jobs – Global Research

IPS, a progressive think-tank, has been publishing annual analyses of billionaire wealth increases since 2015. But in May, IPS began releasing weekly reports documenting the steady surge in billionaire wealth amid the Covid-19 pandemic and resulting economic collapse—a phenomenon the group dubbed “pandemic profiteering.”

Since March 18, when social distancing measures and economic shutdowns were in place across the U.S., the combined wealth of America’s billionaires has grown from $2.948 trillion to $3.531 trillion, the latest report by IPS and ATF found.

‘Orgy of Wealth’ Continues as US Billionaires Grew $584 Billion Richer Over Last 3 Months While 45 Million Lost Their Jobs

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