Billionaires profit from a pandemic!

Jun 5, 2020
1 min read

By Haritha Olaganathan

US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown.

Facebook’s CEO Mark Zuckerberg is the biggest financial reaper, as shares in the social media company have surged by almost 60% over the past two months. Another profiteer includes CEO of Amazon Jeff Bezos, whose wealth has increased by $25 billion since April 15th 2020. Bezos, the richest man in the world, currently boasts a net worth of $146.9 billion, and is expected to become the world’s first trillionaire by 2026. 

Whilst the super-rich manipulate this pandemic to churn out maximum profits, billions of workers are subject to inhuman levels of pay and gruelling working conditions. Covid-19 has provoked workers at Amazon to organise against their sickening treatment, notably walking out of warehouses to demand proper PPE and hazard pay as part of May Day protests.

Don't Miss

Defending ROSA & a combative Socialist Feminist approach

The historic victory for the abortion rights has been a

Pride 2021: How will LGBTQ liberation be won?

By Marie O’Toole, Socialist Alternative (our sister organisation in the