Tuesday, May 26, 2020

Mark Zuckerberg earned $30 billion during this coronavirus pandemic making him the world's 3rd richest person...

Mark Zuckerberg earned $30 billion during this coronavirus pandemic making him the world's 3rd richest person...


While the whole world's economy is facing a huge crisis due to corona virus pandemic with many people losing their jobs, on the other hand, the Tech sector stocks have boomed up in this period.


According to the analysis of Forbes data, more than 600 American billionaires wealth has increased by at least 15% between March 17 and May 19. The wealth of Tech giants Mark Zuckerberg and Jeff Bezos has also seen a spike.


Facebook CEO Mark Zuckerberg has earned nearly $ 30 billion since the lockdown was imposed, making his net worth about $ 87.5 billion. With this 45% increase in his wealth, he has now become the world's third-richest person surpassing chairman of Berkshire Hathaway, Warren Buffet. Before the lockdown, Mark Zuckerberg's net worth was around $ 57 billion.


The share price of Facebook has seen the largest increase in this time. Also, the increased demand for video conferencing/meeting app messenger has brought Facebook to update its group limit up to 50 people to compete with the Zoom app whose current limit is 100 people. 


Talking about the world's richest person Jeff Bezos, during this pandemic his net worth has increased by 30 % making it $ 147.6 billion according to the Forbes Billionaires list. 


America ranks first in the world with more than 1.7 million cases, 99 thousand deaths and 353k recovered.