Tech tycoons get richer amidst global lockdown

While the global economy is facing a crisis due to the corona virus pandemic, on the other hand the wealth of American billionaires has increased by 15%. The lockdown was announced in several countries to prevent corona from spreading which crippled many businesses. But in the past two months, Facebook founder Mark Zuckerberg and Amazon founder Jeff Bezos have seen the biggest increase in wealth. Tech stocks have seen a big boom during the lockdown, which has led to an increase in the wealth of 600 billionaires of America.

Mark Zuckerberg’s wealth increased by 45 percent

According to a study report, Mark Zuckerberg’s wealth has increased by nearly $ 30 billion in the last two months. His total assets in mid-March were $ 57.5 billion. But at present, his assets are worth about $ 87.5 billion. With this, he is the third richest person in the world and has surpassed Warren Buffet, chairman of Berkshire Hathaway. His wealth has increased by 45 per cent.

Jeff Bezos wealth increased by 30 percent

Amazon founder and world’s richest person Jeff Bezos’s wealth during this period has increased by 30 per cent to $ 147.6 billion, or about Rs 11.06 lakh crore, based on the Forbes Billionaires list. His wealth has increased by 30 per cent.

A recent report by the Americans for Tax Fairness and the Institute for Policy Studies Program and Equity noted that Microsoft’s Bill Gates’ assets rose 8.2 percent and Warren Buffet’s Berkshire Hathaway’s assets by 0.8 percent in the midst of the Corona crisis.

Facebook’s share price has seen the largest increase since the introduction of online shopping features shops. Facebook’s share price peaked at $ 230. Also, the demand for video conferencing has also increased a lot. In the last two months, Facebook has updated the video call facility. It recently also launched the Messenger Rooms feature to compete with Zoom, in which up to 50 people can simultaneously talk to video callers.