Largest tech company CEOs made billions amid pandemic

Largest tech company CEOs made billions amid pandemic
© Getty Images

A handful of American billionaires have reportedly seen notable increases to their net worth during the coronavirus pandemic, which has caused over 38.6 million people in the country to lose their jobs.

The new finding comes from a report published on Thursday by Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality.

The two groups examined the financial data that Forbes keeps on the country's billionaires, specifically looking at information collected from March 18 to May 19.

ADVERTISEMENT

Amazon founder and CEO Jeff BezosJeffrey (Jeff) Preston BezosHillicon Valley: Facebook permanently shifting thousands of jobs to remote work | Congressional action on driverless cars hits speed bump during pandemic | Republicans grill TikTok over data privacy concerns Largest tech company CEOs made billions amid pandemic How the latest X-37B mission may change the world MORE — already comfortably the richest man in the world before the pandemic — has seen his net worth grow 30.6 percent in the past two months, boosting it to $147.6 billion.

According to the analysis, which was first reported by CNBC, both Facebook CEO and founder Mark ZuckerbergMark Elliot ZuckerbergHillicon Valley: Trump signs order targeting social media legal protections | House requests conference with Senate after FISA vote canceled | Minneapolis systems temporarily brought down by hackers Twitter adds fact-checking labels to hundreds of tweets despite Trump attacks Pelosi says Zuckerberg comments are a 'disgrace' MORE and Tesla founder and CEO Elon MuskElon Reeve MuskThe Hill's Morning Report - Presented by Facebook - George Floyd's death sparks protests, National Guard activation Russian space chief: Elon Musk's plan to bomb Mars is a cover to put nuclear weapons in space The Hill's Morning Report - Presented by Facebook - US virus deaths exceed 100,000; Pelosi pulls FISA bill MORE saw their net worths increase by nearly half. Zuckerberg's rose 46.2 percent to $80 billion, while Musk's jumped 48 percent to $36.4 billion.

Bezos, Zuckerberg, Bill Gates, Warren Buffett and Larry Ellison — the five richest Americans — saw a combined wealth increase of $76 billion dollars.

America's billionaires have allegedly seen their collective net worth increase 15 percent during the pandemic, going from $2.948 trillion to $3.382 trillion.