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Richer in pandemic: Bezos, Musk among US billionaires whose net worth rose

The wealth surge of America's richest men happened during a period marred by the coronavirus crisis, when as many as 22 million Americans filed for unemployment benefits

Elon Musk
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Musk holds an 18.5 per cent stake in Tesla shares, which has soared over 73 per cent since the beginning of the year

Agencies Washington DC
The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10 per cent during the ongoing Covid-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

The wealth surge of America's richest men happened during a period that also saw as many as 22 million Americans filing for unemployment benefits, Reuters reported.

Even as the broader economy faced a recession, tech and stay-at-home stocks like Zoom have rallied in recent weeks, due to a surge in usage of video conferencing and remote work technology, thus boosting

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First Published: May 23 2020 | 8:18 AM IST

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