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What happened?
While millions of people around the world are out of work and the price of oil is sinking as a result of the health crisis caused by the new coronavirus, there is a small group of people and companies that are earning significant amounts of money, although it is incredible.
You could say that the first to top this list are companies like Amazon, Walmart, Netflix and Zoom, which have seen their actions soar to stratospheric levels in recent weeks and more when the product of the pandemic deepened everything related to work, education and distance shopping.
Jeff Bezos saw his personal fortune increase by $ 24 billion in just one day thanks to Amazon’s appreciation. Netflix, meanwhile, added nearly 16 million new users during the first quarter of 2020. The company’s gross profit for the last three months was $ 958 million, compared to $ 459 million earned between January and March 2019, the newspaper El Clarín reported.
The world of investors
To these companies, there are others dedicated to cybersecurity and technologies that allow medical attention; as well as investors and investment funds, who decided to bet against the economy as soon as they suspected that the coronavirus could become a serious problem.
An example of this is the American businessman Bill Ackman, owner of the Pershing Square Capital Management investment fund. In the first days of March, when United States It ranged from 150 to 200 cases of coronavirus, Ackman decided to purchase credit protection against his investments in case the stock market plummeted.
Amid this economic collapse, Ackman sold these protections the same day that Congress announced that it would start buying bonds as a measure to lift the slumping market. This decision led him to earn 2.6 billion dollars, more than 1000 times more than he had initially invested, according to the Argentine media.
Politicians also win
Other winners amid the Covid-19 pandemic are politicians, who in their position as public officials use the information that comes to their favor and in this way increase their fortune
This has been the case of several United States senators, on whom there are accusations that economically benefited thanks to their position, including: Richard Burr, Dianne Feinstein, James M. Inhofe and Kelly Loeffler.
The accusation It is supported by a law in force in that country, passed in 2012, called the STOCK Act, which prohibits senators from using classified information to obtain a financial gain for themselves or their families.
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