The U.S. is hanging on the precipice of economic collapse, with around 25 million Americans slated to be kicked off extended coronavirus pandemic uninsurance later this week and the White House mulling tax cuts and screw you as a replacement. But every cloud has an obscene silver lining: world’s richest man and ghoulish Amazon overlord Jeff Bezos is doing great!
According to a Bloomberg estimate, Jeff Bezos saw his estimated net wealth surge by $13 billion to $189.3 billion on Monday. That’s the largest single-day increase in the history of the news agency’s eight-year-old Billionaires Index. Much of that increase was simply the reversal of a sudden decline in tech company stock last week (Microsoft rose 4.3 percent on Monday, while Tesla rose 9.5 percent). However, Amazon stock is up around 73 percent year to date—fueled by increased online shopping and demand for cloud services, i.e. the pandemic—and Bezos’s personal hoard has surged $74.4 billion since the start of 2020. During that same period Amazon’s awful treatment of its underpaid, overworked armies of warehouse workers and contractors has largely not changed and in some ways gotten worse, “bonus” payments to staff notwithstanding.
Facebook CEO Mark Zuckerberg is up $14.8 billion to $93.1 billion, while Ballmer is up $18 billion to $76.1 billion.