8 of America's richest people have added billions more to their wealth in 2020 — even during the coronavirus pandemic

Elon Musk's net worth fell by $3.1 billion in mid-March, but has since grown by $8.1 billion.John Raoux/AP Images

• Thirty-four of America's wealthiest billionaires have seen their net worths increase by millions in 2020, according to a new report by the left-leaning Institute for Policy Studies.
• Of these billionaires, eight have experienced wealth gains exceeding $1 billion since January 1 — even during the coronavirus pandemic.
• Many of them have companies that are involved in pandemic-related efforts or that have grown in popularity during quarantine.
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Some of America's richest have been able to overcome the stock market crash in March.

Of the wealthiest 170 American billionaires, 34 have seen their total net worth increase by tens of millions of dollars during 2020, according to the left-leaning Institute for Policy Studies' new "Billionaire Bonanza" report, citing the Bloomberg Billionaire Index.

And of these 34, eight have experienced wealth gains exceeding $1 billion from January 1 to April 2020, the report found.

Some saw their net worths dip after the crash, but recovered their wealth thanks to their companies' rising popularity during the coronavirus pandemic or by getting their companies involved in pandemic-related efforts. In particular, billionaires with ties to video conferencing companies have seen an uptick in their wealth as more people have been using such communication tools to stay connected.

Here are the eight billionaires who have already made billions in 2020, listed in order of increasing gains.