2020 Pandemic Couldn’t Hit Jeff Bezos and Elon Musk Economy
- 03-Jan-2021
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While many Americans were economically upended by the coronavirus pandemic, and now await a decision from Congress on whether they'll receive a $2,000 stimulus check soon, the world's richest people had raked in record gains in 2020.
Last year, Jeff Bezos and Elon Musk collectively increased their net worth by $217 billion last year, an amount that could cut $2,000 checks for more than 100 million Americans.
The world's richest person, Amazon CEO Bezos, is now worth about $190 billion, according to a Index. Tesla founder and CEO Elon Musk took second place with about $170 billion, surpassing Microsoft's Bill Gates.Musk's net worth, in particular, grew the fastest in 2020, it is reported. His net worth is primarily made up of Tesla shares, of which he owns about 75%, report said.
These figures come as millions of people in the United States remain jobless because of the economic devastation brought on by the coronavirus pandemic.
Congress in March passed the first coronavirus stimulus package, which included $1,200 in direct payments to Americans. It was an attempt to offset the financial ruin after small businesses nationwide were shuttered to curtail the spread of the virus.
Americans waited nine months to receive a second stimulus check. In December, Congress finally reached a deal on the second stimulus relief package, an agreement that included $600 checks to taxpayers.
