Special Report

American Billionaires That Got Richer During COVID

Source: Astrid Stawiarz / Getty Images Entertainment via Getty Images

25. Julia & David Koch
> Wealth growth during pandemic: +$6.7 billion (tied) (+17.6%)
> Est. net worth; March 18, 2020: $38.2 billion
> Est. net worth; Oct. 13, 2020: $44.9 billion
> Industry: Diversified

Julia Koch is the widow of the late David Koch, who passed away in August 2019. When David Koch passed away, his wife — along with their children — inherited billions of dollars and a 42% stake in Koch Industries, a company also owned in part by David’s brother, Charles Koch.

One of the richest women in the world, Julia Koch is estimated to be worth nearly $45 billion, and 17.6% of that wealth was generated during the COVID-19 pandemic. Koch is one of only three women on this list.

Source: Andrew Burton / Getty Images

24. Michael Bloomberg
> Wealth growth during pandemic: +$6.9 billion (+14.4%)
> Est. net worth; March 18, 2020: $48.0 billion
> Est. net worth; Oct. 13, 2020: $54.9 billion
> Industry: Media & Entertainment

Michael Bloomberg’s net worth has increased by nearly $7 billion since the start of the pandemic in mid-March to $54.9 billion. Bloomberg was the 14th richest person in the world, as of October.

Bloomberg made much of his wealth through his financial information and media company Bloomberg LP. He reportedly owns 88% of the company. The company markets the Bloomberg Terminal system, which allows users to access financial markets information, and produces the 24-hour cable news channel Bloomberg TV. Active in politics, Bloomberg served as New York City’s mayor for 12 years and ran for the democratic nomination for president before dropping out in March.

Source: Kimberly White / Getty Images

23. Dustin Moskovitz
> Wealth growth during pandemic: +$7.5 billion (+80.7%)
> Est. net worth; March 18, 2020: $9.3 billion
> Est. net worth; Oct. 13, 2020: $16.8 billion
> Industry: Technology

Dustin Moskovitz helped launch Facebook and still owns an estimated 2% of the company, which accounts for the majority of his wealth, though he has not worked at Facebook since 2008.

Facebook’s stock dipped below $147 per share in mid-March as the stock market struggled, but it has since rebounded. As of Oct. 13, Facebook’s stock was worth over $276 per share. Consequently, Moskovitz’s estimated net worth increased by more than 80%, up to $16.8 billion in October.

Source: Phillip Faraone / Getty Images Entertainment via Getty Images

22. Jack Dorsey
> Wealth growth during pandemic: +$7.8 billion (+298.3%)
> Est. net worth; March 18, 2020: $2.6 billion
> Est. net worth; Oct. 13, 2020: $10.4 billion
> Industry: Technology

Jack Dorsey is cofounder and CEO of Twitter, a social media platform, and of Square, an online payment platform. Dorsey is worth an estimated $10.4 billion — three-quarters of which he amassed during the COVID-19 pandemic. Dorsey has a combined salary of less than $5 between both of his executive positions. However, he owns 74.5% of Square’s Class B common stock, and from mid-March to mid-October, Square’s share price nearly quadrupled.

In April 2020, Dorsey made a pledge to give away $1 billion-worth of personal holdings in Square to charitable causes, including COVID-19 relief.

Source: Brian Harkin / Getty Images News via Getty Images

21. Pierre Omidyar
> Wealth growth during pandemic: +$7.8 billion (+71.3%)
> Est. net worth; March 18, 2020: $11.0 billion
> Est. net worth; Oct. 13, 2020: $18.8 billion
> Industry: Technology

Pierre Omidyar became $7.8 billion richer throughout the pandemic, according to Forbes estimates. Omidyar founded eBay in 1995 and still sits on the company board. He owns 5% of that company and 6% of PayPal as well.

Like many other companies, eBay and PayPal stock prices dipped at the beginning of the COVID-19 pandemic, before rebounding in the subsequent months. In mid-March, eBay’s stock price dipped below $30 per share, but it steadily rose to over $57 per share by October. In March, PayPal stock fell to $85 per share — its lowest price in over a year — before climbing to a record $213 share price in October.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.