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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.
Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019.
REUTERS/Katherine Taylor
2. Elon Musk
Elon Musk in June 2019.
REUTERS/Mike Blake/File Picture
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3. MacKenzie Bezos
Taylor Hill/Getty Images
4. Eric Yuan
NEW YORK, NY - APRIL 18: Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. The video-conferencing software company announced it's IPO priced at $36 per share, at an estimated value of $9.2 billion.
(Kena Betancur/Getty Images)