GOBankingRates

Billionaires vs. the Rest of Us: How Did Finances Change Due to COVID-19

©Amazon

©Amazon

Although many Americans have suffered terrible economic losses during the pandemic, overall, the average American’s personal income has increased since the start of the pandemic. According to data from the U.S. Bureau of Economic Analysis, the average American’s personal income was $56,922 in March 2020; by January of this year, that had risen to $64,790 — a nearly 14% increase. Much of this can be accounted for by an increase in government social benefits, including economic impact payments and an increase in pandemic unemployment compensation payments.

Find Out: Calculating Your Stimulus Check: How Much (if Any) Will You Get?

And while a 14% increase is a nice bump, that pales in comparison to how well the richest people in the U.S. have made out during the pandemic. In March 2020, the average net worth of the 25 richest Americans was $43.45 billion. A year later, their average net worth is $65.58 billion — an over 50% increase in wealth. Although not every billionaire got richer — some lost billions — overall, this group has seemed to benefit financially from the pandemic.

So who are the richest of the rich? And just how rich have they gotten? Keep reading to see how much richer (or poorer) the top 25 American billionaires have become over the past year.

Last updated: March 10, 2021

Make Your Money Work Better for You
©Wikimedia Commons

25. Lukas Walton

  • Source of wealth: Walmart heir
  • Net worth on March 18, 2020: $18.4 billion
  • Net worth on March 3, 2021: $15.4 billion

Vote: Do You Think the Minimum Wage Should Be $15? Take Our Poll

 

Amy Harris/Invision/AP/REX / Shutterstock.com

24. Ray Dalio

  • Source of wealth: Founder and co-chief investment officer at Bridgewater Associates
  • Net worth on March 18, 2020: $18 billion
  • Net worth on March 3, 2021: $16.9 billion

See: How Much You Need To Be in the Top 5% in Every State

 

JStone / Shutterstock.com

23. Laurene Powell Jobs

  • Source of wealth: Wife of the late Apple co-founder Steve Jobs
  • Net worth on March 18, 2020: $16.4 billion
  • Net worth on March 3, 2021: $21.9 billion

Check Out: 22 Side Gigs That Can Make You Richer Than a Full-Time Job

 

Mark Lennihan/AP / Shutterstock.com

22. Jim Simons

  • Source of wealth: Founder of Renaissance Technologies Corp.
  • Net worth on March 18, 2020: $21.6 billion
  • Net worth on March 3, 2021: $29.4 billion

Guess: Just How Rich Are Oprah, Bill Gates and Other Big Names?

 

RON SACHS/POOL/EPA-EFE / Shutterstock.com

21. Jacqueline Mars

  • Source of wealth: Mars Inc. heiress
  • Net worth on March 18, 2020: $24.7 billion
  • Net worth on March 3, 2021: $31.3 billion

Keep Reading: The World’s 20 Richest Millennials

 

Make Your Money Work Better for You
Shutterstock / Shutterstock

20. John Mars

  • Source of wealth: Mars Inc. heir
  • Net worth on March 18, 2020: $24.7 billion
  • Net worth on March 3, 2021: $31.3 billion

See: Weird Things Top Billionaires Have in Common

 

Richard Young / Shutterstock.com

19. Len Blavatnik

  • Source of wealth: Owner of Warner Music and investment firm Access Industries
  • Net worth on March 18, 2020: $17 billion
  • Net worth on March 3, 2021: $31.9 billion

Find Out: 20 Billionaire American Dynasties and How They Made Their Money

 

Richard Drew/AP / Shutterstock.com

18. Michael Dell

  • Source of wealth: Chairman and CEO of Dell
  • Net worth on March 18, 2020: $22.9 billion
  • Net worth on March 3, 2021: $44.4 billion

Check Out: 16 Money Rules That Millionaires Swear By

 

Gavin Peters / Wikimedia Commons

17. Charles Koch

  • Source of wealth: CEO of Koch Industries
  • Net worth on March 18, 2020: $38.2 billion
  • Net worth on March 3, 2021: $44.9 billion

Find Out: 20 Genius Things Mark Cuban Says To Do With Your Money

 

Mary Altaffer/AP/Shutterstock / Mary Altaffer/AP/Shutterstock

16. Julia Koch

  • Source of wealth: Wife of the late Koch Industries heir David Koch
  • Net worth on March 18, 2020: $38.2 billion
  • Net worth on March 3, 2021: $44.9 billion

Read: How Much Is President Joe Biden Worth?

 

Make Your Money Work Better for You
Nicholas Hunt / Getty Images

15. Phil Knight

  • Source of wealth: Founder of Nike
  • Net worth on March 18, 2020: $29.5 billion
  • Net worth on March 3, 2021: $50.2 billion

Take a Look: Bill Gates and 15 More Rich People Who Won’t Leave Money to Their Kids

 

Evan Agostini/Invision/AP/Shutterstock / Evan Agostini/Invision/AP/Shutterstock

14. MacKenzie Scott

  • Source of wealth: Ex-wife of Amazon founder Jeff Bezos
  • Net worth on March 18, 2020: $36 billion
  • Net worth on March 3, 2021: $53.1 billion

Check Out: 28 CEOs That Have Saved or Sunk Major Corporations

 

Eric Risberg/AP / Shutterstock.com

13. Michael Bloomberg

  • Source of wealth: CEO of Bloomberg L.P.
  • Net worth on March 18, 2020: $48 billion
  • Net worth on March 3, 2021: $54.9 billion

Find Out: 10 States With the Most Millionaires

 

 

WESLEY HITT / Flickr.com

12. Rob Walton

  • Source of wealth: Walmart heir
  • Net worth on March 18, 2020: $54.1 billion
  • Net worth on March 3, 2021: $60.4 billion

Helpful: Steal These Money Secrets From 25 Millionaires Under 25

 

WESLEY HITT / Wal-Mart Stores Inc.

11. Jim Walton

  • Source of wealth: Walmart heir
  • Net worth on March 18, 2020: $54.6 billion
  • Net worth on March 3, 2021: $60.6 billion

See: 65 Splurges of the Filthy Rich

 

WESLEY HITT / Walmart

10. Alice Walton

  • Source of wealth: Walmart heiress
  • Net worth on March 18, 2020: $54.4 billion
  • Net worth on March 3, 2021: $60.8 billion

Find Out: These Are 10 of the Richest Teenagers in the World

 

Make Your Money Work Better for You
©Andrew Gombert/EPA/REX/Shutterstock

9. Steve Ballmer

  • Source of wealth: Former CEO of Microsoft
  • Net worth on March 18, 2020: $52.7 billion
  • Net worth on March 3, 2021: $76.7 billion

Keep Reading: Where 51 CEOs Went to College

 

Eric Risberg/AP / Shutterstock.com

8. Sergey Brin

  • Source of wealth: Co-founder and board member of Google
  • Net worth on March 18, 2020: $49.1 billion
  • Net worth on March 3, 2021: $85.6 billion

Check Out: 25 Biggest Companies You’ve Never Heard Of

 

©Seth Wenig/AP/REX/Shutterstock

7. Larry Page

  • Source of wealth: Co-founder and board member of Google
  • Net worth on March 18, 2020: $50.9 billion
  • Net worth on March 3, 2021: $88.2 billion

See the List: 25 Companies Making the Most Money From Coronavirus 

 

Ben Margot/AP / Shutterstock.com

6. Larry Ellison

  • Source of wealth: CTO and founder of Oracle
  • Net worth on March 18, 2020: $59 billion
  • Net worth on March 3, 2021: $90.3 billion

Worth Reading: Corn Flakes, Mountain Dew and 9 Other Beloved Brands With a Twisted History

 

AP / Shutterstock.com

5. Mark Zuckerberg

  • Source of wealth: CEO of Facebook
  • Net worth on March 18, 2020: $54.7 billion
  • Net worth on March 3, 2021: $93.3 billion

Look: 25 Companies Laying Off the Most People Thanks to Coronavirus

 

Daniel Zuchnik / WireImage

4. Warren Buffett

  • Source of wealth: CEO of Berkshire Hathaway
  • Net worth on March 18, 2020: $67.5 billion
  • Net worth on March 3, 2021: $96 billion

Find Out: What’s Next for Disney and Other Big Companies in 2021

 

Make Your Money Work Better for You
©David Niviere/Sipa/Shutterstock

3. Bill Gates

  • Source of wealth: Co-founder of Microsoft
  • Net worth on March 18, 2020: $98 billion
  • Net worth on March 3, 2021: $123.1 billion

Keep Reading: Costco and 7 Other Popular Companies That Don’t Waste Money on Advertising

 

Susan Walsh/AP/Shutterstock / Susan Walsh/AP/Shutterstock

2. Elon Musk

  • Source of wealth: CEO and chairman of Tesla, and founder of SpaceX
  • Net worth on March 18, 2020: $24.6 billion
  • Net worth on March 3, 2021: $157.2 billion

Related: Elon Musk’s Biggest Bets That Paid Off

 

Charles Krupa/AP/Shutterstock / Charles Krupa/AP/Shutterstock

1. Jeff Bezos

  • Source of wealth: CEO and founder of Amazon
  • Net worth on March 18, 2020: $113 billion
  • Net worth on March 3, 2021: $176.8 billion

More From GOBankingRates

Methodology: In order to compare the finances of billionaires and the ‘average’ American GOBankingRates first used the United States Department of Commerce Bureau of Economic Analysis’ (BEA) Personal Income and Outlay reports for both October 2020 and January 2021. From these two reports GOBankingRates was able to find (1) the March 2020 average personal income for Americans; (2) the January 2021 average personal income for Americans; (3) the total monetary change in personal income since COVID-19 began; and (4) the percent change in personal income since COVID-19 began. For the billionaire side of the comparison, GOBankingRates first used Forbes’ 2020 Billionaires List to source the top 25 richest US billionaires at the start of the pandemic and to find their March 2020 net worths. GOBankingRates then used Forbes’ real time billionaire tracker to find the 25 billionaire’s net worth as of March 3, 2021. From this data, GOBankingRates was able to source (5) average net worth of the 25 richest US billionaires on March 18, 2020; (6) average net worth of the 25 richest US billionaires on March 3, 2021; (7) total monetary change in the average net worth of the 25 richest US billionaires; and (8) percent change in the averae net worth of the 25 richest US billionaires. All data was collected on and up to date as of March 3, 2021.