Pandemic Profits: People Who Grew Wealthier During The Pandemic

By ,
International Labour Organization

The Coronavirus pandemic has wreaked havoc all over the world. In US alone, 40 million people have lost their jobs since March 2020. Globally, this rate is somewhere around 400 million, as per International Labour Organization.

However, the picture is not so dire for a small percentage of the world population. This small percentage represents the super-rich billionaires who control the major wealth of the world. And this select group of people saw their wealth increase ridiculously, during the pandemic. These billionaires come from different industry segments: technology, medicine, online retail, and others. At the time when hundreds of tech-startups are struggling to survive, the big-tech companies that have got it made saw exponential booms in their worth and value.

Even the industries that have been badly hit due to the global lockdowns – hospitality, tourism, and travel – saw spikes in wealth surges for some its brands and masters.

As you scroll down, you’ll see an extensive list of global billionaires who got their piggy banks overflowing while a disproportionate number of people worldwide are striving to get by.

1. Jeff Bezos

  • Country: USA
  • Industry: Technology
  • Percentage increase: 38.7%
  • Net worth in June: $156.8 B
Jeff Bezos

2. Bill Gates

  • Country: USA
  • Industry: Technology
  • Percentage increase: 11.7%
  • Net worth in June: $109.5 B
Bill Gates

3. Mark Zuckerberg

  • Country: USA
  • Industry: Technology
  • Percentage increase: 58.6%
  • Net worth in June: $86.8 B
Mark Zuckerberg

4. Warren Buffet

  • Country: USA
  • Industry: Multi-industry
  • Percentage increase: 6.6%
  • Net worth in June: $71.9 B
Warren Buffet

5. Larry Ellison

  • Country: USA
  • Industry: Technology
  • Percentage increase: 17%
  • Net worth in June: $69 B
Larry Ellison

6. Steve Ballmer

  • Country: USA
  • Industry: Technology
  • Percentage increase: 29.8%
  • Net worth in June: $68.4 B
Steve Ballmer

7. Michael Bloomberg

  • Country: USA
  • Industry: Finance & Media
  • Percentage increase: 25.2%
  • Net worth in June: $60.1 B
Michael Bloomberg

8. Mukesh Ambani

  • Country: India
  • Industry: Technology
  • Percentage increase: 57.6%
  • Net worth in June: $59.4 B
Mukesh Ambani

9. MacKenzie Bezos

  • Country: USA
  • Industry: Technology
  • Percentage increase: 42.4%
  • Net worth in June: $51.3 B
MacKenzie Bezos

10. Charles Koch

  • Country: USA
  • Industry: Chemical Manufacturing
  • Percentage increase: 25.6%
  • Net worth in June: $48 B
Charles Koch

11. Julia Koch

  • Country: USA
  • Industry: Chemical Manufacturing
  • Percentage increase: 25.6%
  • Net worth in June: $48 B
Julia Koch

12. Elon Musk

  • Country: USA
  • Industry: Technolgoy
  • Percentage increase: 70%
  • Net worth in June: $41.8 B
Elon Musk

13. Dieter Shwarz

  • Country: Germany
  • Industry: Retail
  • Percentage increase: 67%
  • Net worth in June: $33.1 B
Dieter Shwarz

14. Sheldon Adelson

  • Country: USA
  • Industry: Casinos
  • Percentage increase: 18.8%
  • Net worth in June: $31.8 B
Sheldon Adelson

15. Michael Dell

  • Country: USA
  • Industry: Technology
  • Percentage increase: 31.4%
  • Net worth in June: $30.1 B
Michael Dell

16. Tadashi Yanai

  • Country: Japan
  • Industry: Fashion
  • Percentage increase: 50.2%
  • Net worth in June: $29.6 B
Tadashi Yanai

17. Alain Wertheimer

  • Country: USA
  • Industry: Luxury Fashion
  • Percentage increase: 53.8%
  • Net worth in June: $26.3 B
Alain Wertheimer

18. Gerard Wertheimer

  • Country: USA
  • Industry: Luxury Fashion
  • Percentage increase: 53.8%
  • Net worth in June: $26.3 B
Gerard Wertheimer

19. John Menard, Jr.

  • Country: USA
  • Industry: Home Improvement Retail
  • Percentage increase: 64.9%
  • Net worth in June: $19 B
John Menard, Jr.

20. Rupert Murdoch

  • Country: USA
  • Industry: News & Media
  • Percentage increase: 15.9%
  • Net worth in June: $17.3 B
Rupert Murdoch

21. Steve Cohen

  • Country: USA
  • Industry: Finance & Investment
  • Percentage increase: 0.6%
  • Net worth in June: $13.979 B
Steve Cohen

22. Ernest Garcia, II.

  • Country: USA
  • Industry: Car Retail
  • Percentage increase: 224.1%
  • Net worth in June: $7.8 B
Ernest Garcia, II.

23. Edward Roski, Jr.

  • Country: USA
  • Industry: Real Estate
  • Percentage increase: 142.9%
  • Net worth in June: $7.5 B

24. Bubba Cathy

  • Country: USA
  • Industry: Restaurant
  • Percentage increase: 108.8%
  • Net worth in June: $7.1 B
Bubba Cathy

25. Dan Cathy

  • Country: USA
  • Industry: Restaurant
  • Percentage increase: 108.8%
  • Net worth in June: $7.1 B
Dan Cathy

26. Trevor Milton

  • Country: USA
  • Industry: Electronic vehicles
  • Percentage increase: 526.4%
  • Net worth in June: $6.9 B
Trevor Milton

27. Jay Chaudhry

  • Country: USA
  • Industry: Technology
  • Percentage increase: 107.9%
  • Net worth in June: $5.8 B
Jay Chaudhry

28. Jack Dorsey

  • Country: USA
  • Industry: Technology
  • Percentage increase: 114.1%
  • Net worth in June: $5.6 B
Jack Dorsey

29. Harold Hamm

  • Country: USA
  • Industry: Oil & Gas
  • Percentage increase: 123.7%
  • Net worth in June: $5.4 B
Harold Hamm

30. Karen Pritzker

  • Country: USA
  • Industry: Hospitality  
  • Percentage increase: 11.9%
  • Net worth in June: $5.482 B
Karen Pritzker

31. Bobby Murphy

  • Country: USA
  • Industry: Technology
  • Percentage increase: 132%
  • Net worth in June: $4.4 B
Bobby Murphy

32. Evan Spiegel

  • Country: USA
  • Industry: Technology
  • Percentage increase: 127.3%
  • Net worth in June: $4.3 B
Evan Spiegel

33. Ken Xie

  • Country: USA
  • Industry: Technolgoy
  • Percentage increase: 158.9%
  • Net worth in June: $3.4 B
Ken Xie

34. Jeff Green

  • Country: USA
  • Industry: Technology
  • Percentage increase: 122.3%
  • Net worth in June: $2.2 B
Jeff Green

35. Bradley S. Jacobs

  • Country: USA
  • Industry: Logistics
  • Percentage increase: 42.5%
  • Net worth in June: $2.138 B
Bradley S. Jacobs

36. Vincent McMahon

  • Country: USA
  • Industry: Sports
  • Percentage increase: 9.8%
  • Net worth in June: $1.977 B
Vincent McMahon

37. Mario Gabelli

  • Country: USA
  • Industry: Finance & Investment
  • Percentage increase: 14.4%
  • Net worth in June: $1.716 B
Mario Gabelli

38. Peter Buck

  • Country: USA
  • Industry: Food & Beverage
  • Percentage increase: 15.6%
  • Net worth in June: $1.618 B
Peter Buck

39. Alexandra Daitch

  • Country: USA
  • Industry: Food & Beverage
  • Percentage increase: 20.5%
  • Net worth in June: $1.566 B

40. Lucy Stitzer

  • Country: USA
  • Industry: Technology
  • Percentage increase: 20.5%
  • Net worth in June: $1.566 B
Lucy Stitzer

Parting Words

The disparity between the world’s rich and poor has grown grotesquely in the past many decades. But the full extent has only been revealed now – during a global health crisis. Any serious effort to correct this widening chasm needs an overhaul of the flawed economic system, a review of monetary and emergency fund policies, and introduction of more robust wealth taxes that can go towards the employment, health, education, and housing of middle and lower-middle socio-economic classes.

Sources:

About The Author

Kelvin Stiles is a tech enthusiast and works as a marketing consultant at SurveyCrest – FREE online survey software and publishing tools for academic and business use. He is also an avid blogger and a comic book fanatic.