Christopher Ingraham, World’s richest men added billions to their fortunes last year as others struggled, Washington Post, Jan. 1, 2021.
America’s wealthiest, on the other hand, had a very different kind of year: Billionaires as a class have added about $1 trillion to their total net worth since the pandemic began. And roughly one-fifth of that haul flowed into the pockets of just two men: Jeff Bezos, chief executive of Amazon (and owner of The Washington Post), and Elon Musk of Tesla and SpaceX fame....
What does it mean, for instance, that two men amassed enough wealth this year to end all hunger in America (with a price tag of $25 billion, according to one estimate) eight times over? Or that the $200 billion accumulated by Bezos and Musk is greater than the amount of coronavirus relief allocated to state and local governments in the Cares Act?...
Bezos last year announced he would give $10 billion to fight climate change, and in November he announced the recipients of the first $800 million in spending on Instagram. A Washington Post analysis in June of charitable spending by the wealthiest Americans — when Bezos‘s fortune totaled $143 billion — showed he gave $100 million to Feeding America and up to $25 million for All in WA, a statewide relief effort in Washington state. For the median American, Bezos’s giving was the equivalent of donating $85 at that time.
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