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Topic	American billionaires got $434 billion richer during the pandemic
ZeldaMutant 05/21/20 3:31:38 PM #35:	s0nicfan posted... In Bezos' case everyone is buying things on Amazon since stores are closed. In Zuckerberg's case, being stuck at home has led to a massive increase in social media activity. I assume Gates, Buffett, and Ellison gains are probably mostly from stocks. The gains of all 5 are from stocks. That's what their wealth is made of. Gates and Ellison lead massive software companies, who are naturally benefiting from the remote working boom. Warren seems to be mostly included because he's among the top richest people. While he has benefited from the overall stock market rebound, the corona situation overall has left him in the negatives. --- 96065 <cite>ZeldaMutant posted [p:939502187] in American b... [t:78708065]...</cite> <quote>s0nicfan posted... </cite> <quote>In Bezos' case everyone is buying things on Amazon since stores are closed. In Zuckerberg's case, being stuck at home has led to a massive increase in social media activity. I assume Gates, Buffett, and Ellison gains are probably mostly from stocks.</quote>The gains of all 5 are from stocks. That's what their wealth is made of. Gates and Ellison lead massive software companies, who are naturally benefiting from the remote working boom. Warren seems to be mostly included because he's among the top richest people. While he has benefited from the overall stock market rebound, the corona situation overall has left him in the negatives. --- 96065</quote> ... Copied to Clipboard!
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