Jeff Bezos and Elon Musk.
To become a centibillionaries Elon must expend an exceptional stretch of wealth gains. Tesla inc.share a rally on Wednesday, pushing his net value to $101 billion according to the financial market, a listing of the world’s 500 richest people.
Devon Pendleton achieved an unbelievable new level of personal wealth in 2020.
On Wednesday the founder of the net value of Amazon.com. Inc. Jeff Bezos shared an electronic commerce massive which climbed to a record. At the same time, he pushed his ex-wife Mackenzie Scott to the rim of becoming the world’s lavish woman.
By setting a new standard tech-based company pushed the S&P and its Nasdaq index to a new level. With support from the federal reserves, it got clear that there will be no change in the short term lending rates for the upcoming years.
Jeff Bezos is currently fifty-six years old and whereas Musk is forty-nine years old. Both of them are setting new highs for others in terms of property accumulation. Out of the total world population, five hundred people managed to maintain their popularity based on being the richest one. Even if the world got its worst enemy – coronavirus pandemic, these people somehow gained eight hundred nine billion dollars in this present year.
Income equality is emerging as one of the main problems right now in the US. Questions are being raised on this emerging income inequality. This month the legislation was introduced by a tax system by Bernie Sanders while the world was facing the outbreak of the deadly horrifying virus. Sanders talked about these centibillionaries and their wealth gains.
Bernie Sanders stated that these centibillionaries like Jeff Bezos and Musk cannot be further entertained because while they are acquiring all the wealth and half of the country is experiencing a lot of issues. Issues involve such as eviction, a depressed economy, and most importantly hunger.
Elon Musk is lucky enough to expand his wallet by seventy-three billion dollars this present year. Even though Elon Musk’s wealth is a little bit lower than that of Jeff Bezos’s wealth gain. Although the owner of Facebook, Mark Zuckerberg maintained his top position.