The 10 richest dynasties, such as those behind Walmart and Mars, grew their net worth by $136bn during the pandemic, report finds
Self-made billionaires including Jeff Bezos and Elon Musk made huge profits during the Covid-19 pandemic but a new report shows there’s no beating family money when it comes to getting – and staying – really, really rich.
Ten of the US’s richest families, including the Walmart family and the dynasties behind industries including candy and cosmetics, also saw their assets balloon over the pandemic, with a shared increase in their combined net worth of over $136bn in 14 months, according to a report by the Institute for Policy Studies (IPS) published on Wednesday.
Continue reading...source https://www.theguardian.com/us-news/2021/jun/16/super-rich-family-dynastic-wealth-pandemic
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