Total U.S. Billionaire Wealth: Up 88% over Four Years

Four years ago, the U.S. entered the Covid-19 pandemic. Forbes published its 34^th annual billionaire survey shortly after with data keyed to March 18, 2020. On that day, the U.S. had 614 billionaires who owned a combined wealth of $2.947 trillion.

Four years later, March 18, 2024, the US has 737 billionaires with a combined wealth of $5.529 trillion, an 87.6 percent increase of $2.58 trillion, according to IPS calculations of Forbes Real Time Billionaire Data. (Thank you, Forbes!)

The last four years have been great for particular billionaires:

On March 18, 2020, Elon Musk had wealth valued just under $25 billion.  By May 2022, his wealth had surged to $255 billion.  As of March 18, 2024, Musk is at $188.5 billion, more than a seven-fold increase in four years.

Over four years, Amazon founder Jeff Bezos has seen his wealth increase from $113 billion to 192.8 billion, even after paying out tens of billions in a divorce settlement and donating tens of billions to charity.

Three Walton family members – Jim, Alice, and Rob – are the principal heirs to the Walmart fortune.  They saw their combined assets rise from $161.1 billion to $229.6 billion.

In 2020, only one billionaire – Jeff Bezos – had $100 billion or more. Today, the entire top ten are centi-billionaires, bringing their collective wealth to a staggering $1.4 trillion.

The only billionaire on the 2020 top 15 wealthiest U.S. list to see their wealth decline in four years was MacKenzie Scott. Four years ago, March 18, 2020, her wealth was $36 billion. It has declined to $35.4 billion due to aggressive giving to charity.

TOP TEN 2024 US BILLIONAIRES and their wealth gains in Four Years

(Current 2024 Wealth on March 18, 2024 and wealth on March 18, 2020)

1. Jeff Bezos $192.8 billion, up from $113 billion
2. Elon Musk $188.5 billion, up from $24.6 billion
3. Mark Zuckerberg $169.billion, up from $54.7 billion
4. Larry Ellison $154.6 billion, up from $59 billion
5. Warren Buffett: $135 billion, up from $67.5 billion
6. Bill Gates: $129.5 billion, up from $98 billion
7. Steve Ballmer: $123.5 billion, up from $52.7 billion
8. Larry Page: $118.3 billion, up from $50.9 billion
9. Sergey Brin: $113.8 billion, up from $49.1 billion
10. Michael Bloomberg: $106.2 billion, up from $48 billion

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