US billionaires net worth rises by $565 billion during Covid-19 pandemic

The economical consequences of the Covid-19 have been unprecedented for the United States. Over the past eleven weeks, 42.6 million Americans have filed for unemployment benefits with black Americans being disproportionately affected. In contrast to this, the net worth of the American billionaires has grown 20% - in numbers by $565 billion - according to a report by the Institute for Policy Studies.