Who Is Getting Rich Off Coronavirus Pandemic?

Story at-a-glance

  • Forbes compiled a list of 10 health care billionaires who collectively raked in more than $7 billion since March 11, 2020 — the day the World Health Organization (WHO) declared COVID-19 a global pandemic
  • Topping the list is Stéphane Bancel, CEO of Moderna, the biotech firm that’s seen as the frontrunner for developing a COVID-19 vaccine
  • As of June 18, 2020, U.S. billionaire wealth increased $584 billion, or 20%, since the start of the pandemic
  • Since March 18, the number of U.S. billionaires increased from 614 to 643; during the same period, more than 45.5 million Americans filed for unemployment
  • CNBC’s Jim Cramer said the pandemic and resulting lockdown paved the way for “one of the greatest wealth transfers in history”
  • While many big businesses are coming out unscathed or even in a better position financially, small businesses are closing their doors

See the list of 19 new billionaires, the richer billionaires and the investments that are making them all wealthy, wealthier and wealthiest. This and more at https://articles.mercola.com/sites/articles/archive/2020/07/07/billionaires-getting-rich-off-coronavirus-pandemic.aspx

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