billionaires grow, but so did their numbers: in March of last year, there were 614 Americans with 10-figure bank accounts. Billionaire Wealth Surged by 70%, or $2.1 Trillion, During Pandemic They Are Now Worth a Combined $5 TrillionĪmerica’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent - from just short of $3 trillion at the start of the COVID crisis on March 18, 2020, to over $5 trillion on October 15 of this year, according to Forbes data analyzed by Americans for Tax Fairness (ATF) and the Institute for Policy Studies Program on Inequality (IPS). Below are the regular updates we have been releasing over the course of the Covid crisis, starting with the most recent.
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