Pandemic Profiteering

Closing thought–30Mar21

AS we struggle through this pandemic trying to pay rent or buy food or even to find work…..there are those that made out like bandits….and they did not even need a gun to rob the nation.

The 10 biggest “Pandemic Profiteers” saw the greatest percentage increase in their wealth—at least 300 percent.

1. Bom Kim (670 percent/$7.7 billion): A U.S. citizen and founder of the e-commerce giant Coupang, the Amazon of South Korea. Kim’s fortune surged as high as $11 billion after the company’s IPO in early March.

2. Dan Gilbert (642 percent/$41.7 billion): Owner of Quicken Loans, which capitalized on cloistered citizens tapping online financing. Lives in Michigan.

3. Ernest Garcia II (567 percent/$13.6 billion): Biggest shareholder of Carvana, the online car sales and auto-financing giant. Arizona.

4. Elon Musk (559 percent/$137.5 billion): Musk is now the second wealthiest Americans—at nearly $138 billion—as his shares in Tesla, Space-X and other companies that he owns continue to climb. Lives in Texas.

5. Brian Armstrong (550 percent/$5.5 billion): Chief executive of Coinbase, the largest cryptocurrency exchange in the country. California resident.

6. Bobby Murphy (531 [ercent/$10.1 billion): Co-founder of Snapchat, with his Stanford fraternity brother, Evan Spiegel. California resident.

7. Evan Spiegel (490 percent/$9.3 billion): Co-founder of Snapchat with his other billionaire super-gainer, Bobby Murphy. California resident.

8. Jack Dorsey (396 percent/$10.3 billion): Co-founder and CEOs of both Twitter and Square, the small business payment app. Lives in California

9. Anthony Wood (331 percent/$5.3 billion): Founder of Roku, which enables online TV video streaming. California resident.

10. Jeff Green (300 percent/$3 billion): Californian founder and chairman of The Trade Desk, a digital advertising firm.

They mostly multiplied their fortunes in the world of online goods, services and entertainment, as forcibly homebound Americans shopped, invested and diverted themselves in isolation. They include the owners of ecommerce leaders Quicken Loans, Square, Carvana, and cryptocurrency exchange Coinbase; social media sites Snapchat and Twitter; online streaming platform Roku; and digital ad agency Trade Desk. 19 other billionaires experienced increases of over 200% while 48 others more than doubled their fortunes with 100%+ gains.

Now how do you feel about that check you are waiting on?

And these profiteers did not have to wait.

Be Smart!

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

4 thoughts on “Pandemic Profiteering

  1. We have a similar list over here. It’s completely disgusting how these people profit from suffering. And they are happy to boast about it too! I would hang them.
    Best wishes, Pet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.