Herland Report: Corona is good news and produces mass wealth for the richest: The Corona world crisis has produced mass economic gains for some of the world’s richest.
Amazon founder, Jeff Bezos, has a record net worth of $197.8 billion, reports Forbes, the highest fortune recorded in nearly four decades of tracking billionaires.
Many now question the politization of Corona as few nations have patients in respirators, yet the EU code Red causes yet another dip for the middle class economies.
Who is set to gain for the annihilation of middle class businesses in the West and the total restructuring of the economic system as we know it?
Corona is good news and produces mass wealth for the richest: While the middle class business owners are being wiped out in the West as lockdowns prevent business as usual and millions now face foreclosures, Bezos has all the more reason to smile. Bezos sold $1.7 billion worth of Amazon stock in February, 2020 and in August, another $3.1 billion worth of shares.
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The 500 companies that made Forbes’ list in 2020, represent two thirds of the US economy, with 14.2 trillion USD in revenues, reports Forbes.
Amazon is now the best stock at the S&P 500, with a current $1.66 trillion market capitalization, higher than its pre-pandemic peak. As a result, Bezos is $7.2 billion richer.
The gains of Bill Gates have also been massive, as the whole world turns to Zoom, Microsoft and other computer related products in the age of lockdown and authoritarian infringements on personal liberties.
Gates’ economic benefits from the “pandemic of a Century”, as he called it in his February article, that pushed the fearmongering into new heights, has made his fortune grow to a current $83.8 billion. Elon Musk, who has been vocal about his fear of the politization of Corona, is now the fifth wealthiest person in the world. He has seen his net worth grow to $85.6 billion.
The world famous investor and Bill Gates long time trusted buddy, Warren Buffet lists as number 4 richest in the world and Facebook’s Mark Zucherberg as number 7.
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Led by Scandinavian bestselling author, Hanne Nabintu Herland, The Herland Report news and opinion website provides independent analysis from leading Western intellectuals and ground breaking YouTube interviews, cutting through the mainstream media rhetoric. It is a great place to watch interviews and read the articles of leading intellectuals, thought leaders, authors and activists from across the political spectrum. The Herland Report believes in freedom of speech and its editorial policy resides above the traditional Left vs Right paradigm which we believe has lost its relevance and ability to describe the current driving forces in Western politics.
