US billionaires 'have received $1.1tn windfall in Covid pandemic'

Billions made by richest 660 people could pay for all of coronavirus relief package, says IPS thinktank

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The richest 660 people in the US have collected a $1.1tn (800bn) windfall of wealth" since the coronavirus pandemic began, according to a report by a US progressive thinktank, the Institute for Policy Studies.

The report found that the collective wealth of America's 660 billionaires has risen by 39% since the World Health Organisation declared that Covid-19 was a pandemic virus in March 2020.