Author: andrea

According to the Latest From the “Billionaires’ Wealth Windfall Update”  The Billionaires’ Wealth Windfall Update is a periodic report on the outrageous growth in wealth of U.S. billionaires during the coronavirus pandemic. Data is based on daily real-time changes reported by Forbes.  Mark Zuckerberg:  Wealth as of Sep. 3: $111 billion, up $1.8 billion from […]

The Billionaires’ Wealth Windfall Update is a periodic report on the outrageous growth in wealth of U.S. billionaires during the coronavirus pandemic. Data is based on daily real-time changes reported by Forbes. Alice Walton:  Wealth as of Sep. 2: $69 billion, up $3.7 billion or 5.7% from yesterday.  Wealth has increased $14.6 billion since March […]

This is the inaugural release of the Billionaires’ Wealth Windfall Update, which will occasionally highlight increases in the extraordinary growth of billionaires’ wealth during the coronavirus pandemic. Data is based on daily real-time changes reported by Forbes.  Elon Musk:  Wealth as of Aug. 28: $99.98 billion, up $4.5 billion from yesterday.  Wealth has increased $75.4 […]

He’s Part of Billionaire Class That’s Boomed During America’s Bust; Source of His Fortune, Amazon, Dodges Taxes & Mistreats Workers Jeff Bezos is now worth $205 billion, according to Forbes’s real-time billionaire net-worth estimates as of 4pm ET today. Bezos, founder of Amazon, tops a billionaire class that has collectively grown richer by nearly $800 […]

Top 12 Now Worth Total of $1 Trillion—As Tycoons Gain Amid National Pain, Trump Pushes Capital Gains Tax Cut for Rich Investors Billionaires kept getting richer as the rest of America struggled through multiple crises over the past five months: combined billionaire wealth has grown by $792 billion, or 27%, since the rough start of […]

Starting Point for Wealth Growth Was Dictated by Forbes Annual Report; Fact Remains Ultra Rich Have Gained a Lot During Period of Greatest National Suffering Fact checking organizations PolitiFact and FactCheck.org have found fault with a claim made by former Secretary of State Hillary Clinton in her speech during the Democratic National Convention, saying her reference […]

60% Tax on Growth in Wealth of American Billionaires Since Mid-March Would Raise $422 Billion to Alleviate National Suffering In a bold bid to share with the suffering American people a portion of the extraordinary wealth gained by the nation’s billionaires during the pandemic, Sen. Bernie Sanders (I-VT) today introduced legislation that would place a one-time […]

As Working Families Struggle to Afford Groceries, GOP Wants to Let CEOs Once Again Write Off Full Cost of Fancy Meals Senate Majority Leader Mitch McConnell’s latest coronavirus relief package sweetens the tax deduction big-shot executives can take for wining and dining their colleagues and customers, while providing no new assistance to hungry families such […]

Combined Wealth of Amazon, Facebook Chiefs Jumped $100B During Pandemic; Together They’re Worth Over $265B on Eve of Antitrust Testimony Internet billionaires Jeff Bezos and Mark Zuckerberg, set to confront in Congressional testimony tomorrow charges that their companies break antitrust laws to dominate markets, have seen their wealth reach dizzying heights in the midst of […]