Since the beginning of the pandemic last March, while our
families and our communities have suffered gut-wrenching pain and
loss, billionaires in our state alone have increased their wealth
by over half a trillion dollars.
And their numbers and their extreme wealth just keep on growing.
In March 2020, just as COVID began, there were 154 billionaires
in California – with a total wealth of $688.3 billion. In January
2021, there were 169 billionaires in California – with a total
wealth of more than $1.2 trillion.