U.S. billionaires' collective fortunes increased $282 billion during the peak of the coronavirus lockdown.
The report reiterated the aftermath of the economic crisis of 2008: billionaire wealth tends to rebound from market crashes, and typically at a faster rate than the rest of the economy.
At the top of the list is Amazon's Jeff Bezos, who's wealth has grown $25 billion this year, as of April 15. No one has benefited from the coronavirus pandemic as much as the CEO of the world's second-largest retailer.
Zoom founder Eric Yuan came fourth on the list after Bezos' former wife MacKenzie, who owns a 4 percent stake in Amazon. The videoconferencing platform surged in popularity as social distancing measures were put in place, becoming the host of work meetings, university lectures and family gatherings. The IPS report said more people have used Zoom in the first months of 2020 than in all of 2019. Up $2.
In the past three decades, billionaire wealth in the U.S. has soared 1,130 percent. This number is more than 200 times the growth of U.S. median wealth over the same period.
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