News
Corona beneficiaries? American billionaires got $434 billion richer during the pandemic

America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report.
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 billion, according to the report from Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality. The report is based on Forbes data for America’s more than 600 billionaires between March 18, when most states were in lockdown, and May 19.
The billionaire gains highlight how the coronavirus pandemic has rewarded the largest and most tech-focused companies, even as the economy and labor force grapples with the worst economic crisis in recent history.
According to the report, the net worth of America’s billionaires grew 15% during the two-month period, to $3.382 trillion from $2.948 trillion. The biggest gains were at the top of the billionaire pyramid, with the richest five billionaires — Bezos, Bill Gates, Zuckerberg, Warren Buffett, and Larry Ellison — seeing combined wealth gains of $76 billion.
Elon Musk had among the largest percentage gain of billionaires during the two months, seeing his net worth jump by 48% in the two months to $36 billion. Zuckerberg was close behind, seeing his wealth surge by 46% in the two months, to $80 billion. Bezos’ wealth increased by 31% to $147 billion. Bezos’ ex-wife, MacKenzie Bezos, who received Amazon shares in their divorce, also saw her wealth increase by a third, to $48 billion.
Because the study timeline captures the stock market bottom and quick rebound, it creates a slightly sunnier picture for billionaires than the full year. For the year, Buffett’s wealth has declined by $20 billion, according to the Bloomberg Billionaire’s Index, while Gates is down by $4.3 billion. For the year, Jeff Bezos has gained $35.5 billion while Zuckerberg is up by $9 billion.
There were some losers during the two-month period, especially for billionaires in the travel, hospitality or retail business who have yet to see their stocks and companies recover. Ralph Lauren saw his wealth drop by $100 million to $5.6 billion, while hotelier John Pritzker saw his wealth drop by $34 million to $2.56 billion.
News
He is a very dangerous man! Sonko’s daughter accuses senator of attempting to kill her

Lamu Senator Anwar Loitiptip and Saumu Mbuvi, daughter of former Nairobi Governor Mike Sonko, have announced their separation following wrangles and disagreement.
The reports were fuelled by photos and videos of Senator Loitiptip hanging out with a female friend.
Saumu, on Instagram, announced that the two have separated, claiming that she has undergone domestic violence under Loitiptip.
“These are the things he did to me,” wrote Saumu, in one of her photos showing a swollen face and bruised lips.
“He almost killed me. I will forever fight for women to stand for their rights. Never allow a man to be violent to you.”
She also claimed that the senator had neglected their child, leaving Saumu as the primary caregiver.
Loitiptip told Kenyans.co.ke that Saumu shared her father’s traits and was suffering from bipolar disorder, threatening to expose her past to prove his claim.
The two have been dating for months and at one point planned to get married. However, Sonko’s daughter clarified that the two had split before officiating their union.
“Wedding date confirmed,” she captioned a picture of herself and the senator in June 2020.
Her previous relationship with businessman cum politician Ben Gatu also ended after she accused him of being violent.
News
US raises alarm over Covid-19 cases surge in Tanzania

The US government has revealed that there are significant cases of Covid-19 in Tanzania.
This is just a week after it advised its citizens against travelling to the East African country.
“The US Embassy is aware of a significant increase in the number of Covid-19 cases since January 2021,” the Embassy said.
In a Health alert, the US said the practice of Covid-19 mitigation and prevention measures remains limited.
The Tanzanian government has not released aggregate numbers on Covid-19 cases or deaths since April 2020.
“Healthcare facilities in Tanzania can become quickly overwhelmed in a healthcare crisis. Limited hospital capacity throughout Tanzania could result in life-threatening delays for emergency medical care,” US said.
The Department of State’s travel advisory level for Tanzania is Level 3.
The US Centre for Disease Control and Prevention says that travellers should avoid all travel to Tanzania.
The Embassy continues to recommend that all individuals take caution in day-to-day activities.
President John Magufuli assured the 58 million inhabitants that they need not worry about observing Covid-19 preventative measures.
News
Siwachii wezi! Uhuru vows not to leave the country to thieves in 2022

President Uhuru Kenyatta on Wednesday made a surprising stop to lecture Nairobi residents after finishing his engagement at the National Cargo Deconsolidation Centre (NCDC-Nairobi).
The Head of State said he was angry at Nairobians for being against the Building Bridges Initiative (BBI) Bill stating that the report has given Nairobi more constituencies.
“If we have a BBI that says the people of Nairobi will have more constituencies and if it’s bursaries a child in Mathare who today receives Ksh500, how will that child study up to university level,” President Kenyatta said.
“But there is another child who gets Ksh100,000 in Busury per year is that right?… BBI is not for helping Raila or Uhuru it is for you,” he continued.
Uhuru went on to disclose that he has no plans to rule after his term is over and his interest is in finishing the job that Kenyans elected him to do.
-
News3 years ago
KRA orders drinking water vendors to Pay duty or face action
-
News3 years ago
Ethiopian Plane Catches Fire In China
-
Lifestyle3 years ago
‘PREZZO’ joins essential service providers as he ventures into ovacado business
-
Betting3 years ago
How do I use the OdiBets bonus?
-
Betting3 years ago
Odibets Introduces New cash out Feature
-
Betting3 years ago
How to cancel a bet on Odibets?
-
Betting3 years ago
How do I change my Odibets password?
-
Football3 years ago
Let the games begin! La Liga restarts with Seville derby
Recent Comments