November 30, 2021

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Jeff Bezos and Elon Musk increased their wealth by $217 billion in 2020. For this quantity, over 100 million Americans might get $2,000 checks.

Jeff Bezos and Elon Musk increased their wealth by $217 billion in 2020. For this quantity, over 100 million Americans might get $2,000 checks.
Elon Musk and Jeff Bezos. John Locher/AP and Odd Andersen/AFP via Getty Images Jeff Bezos and Elon Musk alone increased their net worth by $217 billion last year, according to Bloomberg.  For this amount, more than 100 million Americans can receive $2,000 checks.  Collectively, the net worth of the world's 500 richest people rose to…

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Elon Musk and Jeff Bezos.

John Locher/AP and Odd Andersen/AFP through Getty Images.


  • Jeff Bezos and Elon Musk alone increased their net worth by $217 billion last year, according to Bloomberg.
  • For this amount, more than 100 million Americans can receive $2,000 checks.
  • Collectively, the net worth of the world’s 500 wealthiest people increased to about $1.8 trillion, a 31%boost that represents the largest yearly gain in the eight years that Bloomberg has actually tracked these figures.
  • Visit Organization Insider’s homepage for more stories

While numerous Americans were financially overthrown by the coronavirus pandemic, and now wait for a choice from Congress on whether they’ll get a $2,000 stimulus check soon, the world’s richest people had actually generated record gains in2020

Last year, Jeff Bezos and Elon Musk collectively increased their net worth by $217 billion last year, an amount that could cut $2,000 look for more than 100 million Americans.

The world’s wealthiest person, Amazon CEO Bezos, is now worth about $190 billion, according to the Bloomberg Billionaires Index And Tesla creator and CEO Elon Musk took 2nd place with about $170 billion, surpassing Microsoft’s Costs Gates.

Musk’s net worth, in specific, grew the fastest in 2020, Bloomberg reported. His net worth is mainly made up of Tesla shares, of which he owns about 75%, according to Bloomberg.

These figures come as countless people in the United States stay unemployed because of the financial devastation brought on by the coronavirus pandemic.

Congress in March passed the first coronavirus stimulus bundle, that included $1,200 in direct payments to Americans. It was an attempt to offset the monetary mess up after small companies nationwide were shuttered to reduce the spread of the virus.

Americans waited nine months to get a 2nd stimulus check. In December, Congress finally reached an offer on the 2nd stimulus relief plan, an arrangement that consisted of $600 checks to taxpayers.

But your house and the Senate are as soon as again at odds as Home Democrats are pushing for $ 2,000 checks to head out Senate Republicans, led by Bulk Leader Mitch McConnell, have consistently struck down the effort

Meanwhile, work rates have been gradually rising in the US

” The latest and most immediate risk to hardship reduction, COVID-19, has released an around the world financial catastrophe whose shock waves continue to spread out,” an summary from the World Bank reads.

Collectively, the net worth of the world’s 500 wealthiest individuals grew about $1.8 trillion in 2015, according to Bloomberg. It’s a 31%increase that represents the largest yearly gain in the eight years that Bloomberg has tracked these figures.

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