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Since The COVID Pandemic Began, Tech Billionaires Saw Their Wealth Skyrocket As 40 Million Americans Forced On Unemployment, Food Lines

How billionaires like Jeff Bezos, Bill Gates and Elon Musk and other global elites got $637 billion richer during the coronavirus pandemic.

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6 years ago

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From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the video-conferencing platform Zoom grew his nest egg by over $2.5 billion, and former Microsoft CEO Steve Ballmer’s net worth increased by $15.7 billion.

While lines at food pantries across America stretched out over a mile long, America’s tech titans were piling up their cash reserves at rates nearly unimaginable to the average person. While some of you received a COVID ‘stimulus check’ for $1,200, people like Bill Gates, Jeff Bezos, Elon Musk got the much larger slice of that 2 trillion dollar pie. While some of you were filing for unemployment, the billionaires were signing papers on yachts and mansions. Are they profiting off of our collective misery? You can bet you bottom dollar on that.

“For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness. Fight the good fight of faith, lay hold on eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.” 1 Timothy 6:7-12 (KJB)

These billionaires are part of what is known as the ‘global elites’, and these are the people that rule the world. They are going to force you to take a vaccine and digital ID because Bill Gates has decreed it to be so. He is not content with all his wealth, now the only thing that interests him and all the others is control. Control of me and you. The global elites are the ones who forced us into lockdown, forced us into mask wearing, and are now forcing us to the brink of extinction.

How tech billionaires like Jeff Bezos, Bill Gates and Elon Musk got $637 billion richer during the coronavirus pandemic

FROM BUSINESS INSIDER: From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the video-conferencing platform Zoom grew his nest egg by over $2.5 billion, and former Microsoft CEO Steve Ballmer’s net worth increased by $15.7 billion.

These kinds of examples might lead you to think that when billionaires profit during a crisis, it’s just a matter of right place, right time. Well, that’s not false, but it’s not entirely true either. Casino magnate Sheldon Adelson saw his wealth increase by $5 billion, while Elon Musk saw an increase of $17.2 billion. When you add up the numbers, billionaires in the United States have increased their total net worth $637 billion during the COVID-19 pandemic so far.

At the same time, more than 40 million Americans filed for unemployment. With tens of millions of Americans out of a paycheck and the stock market plummeting by 37% in March, how is it that the rich have continued getting richer?

This isn’t the first time billionaires have seen gains while a large portion of Americans were feeling losses. When the housing bubble burst in 2007, home prices fell 21% and roughly 3.1 million homes were foreclosed on in the United States. The stock market plummeted by over 50%. And by the end of 2009, 8.8 million Americans had lost their jobs. And the effects lingered. From 2009 to 2012, the incomes of the bottom 99% grew by only 0.4%, but the income of the top 1% grew by a staggering 31.4% in the same time span. And it all ties back to two things.

First, the government disproportionately gave more aid to banks and corporations. In 2008, the Emergency Economic Stabilization Act was signed into law, creating a $700 billion program to purchase devalued assets from banks. This was called the Troubled Asset Relief Program, or TARP. Later, President Obama would direct $75 billion in funds from TARP to help reduce interest payments for homeowners. That means homeowners received around 10% of the direct relief that banks and corporations did.

And this leads to reason No. 2. When the stock market bounced back, the unequal bailouts meant that the wealthy still had money on hand to invest and thus profit, while the middle and lower classes did not. In 2008, the Federal Reserve lowered short-term interest rates to near zero. They would remain that low for nearly a decade. This paved the way for a historic bull market on Wall Street that began in 2009 and lasted until March 2020, when the pandemic hit.

In that time, the S&P 500 gained 462%. That means that a $1,000 investment in the S&P 500 at the low point of the financial crisis could have returned roughly $4,620, while someone who could afford a $1 million investment could have pulled in over $4.6 million.

By 2009, the world’s high-net-worth individuals had grown their share of global wealth by 19% to $39 trillion, recouping nearly all of their losses in a single year. That quick recovery and larger share of the world’s wealth enabled them to continue to make money at an exponential rate. In fact, the top 1% captured 95% of the income gains made from 2009 to 2012. And by 2020, the combined wealth of the billionaire class in the United States had increased by over 80%.

Which brings us back to the moment when the coronavirus pandemic rocked the economy. In 2019, the Fed reported that four in 10 Americans didn’t have enough cash in their bank accounts to cover a $400 unexpected expense. And in the first few months of 2020, 40 million Americans found themselves unemployed due to COVID-19. Many small businesses had to close due to lockdowns and social distancing, while others were forced to try to operate with entirely remote staff.

The Small Business Administration made $349 billion available to small businesses with the Paycheck Protection Program. But like in 2008, $243 million of that was snapped up by large, publicly traded corporations, some of which were valued at over $100 million. Even hedge funds submitted claims to try to tap into what they saw as free money.

On March 16, 2020, just five days after COVID-19 was declared a pandemic, the Dow suffered the worst single-day points drop in its history. But by June 4, seven of the world’s richest people had seen their fortunes increase by over 50%. Part of what made this possible was a stock-market rebound fueled both by the Paycheck Protection Program and actions by the Fed. Again, the Fed lowered short-term interest rates for banks to near 0%, and as before, they have promised to hold those rates low until the economy is on track.

This is a cycle that has happened time and time again. During the earthquake in Haiti in 2010, only 2.5% of the $195 million of relief funds went to Haitian companies. Much of the rest was awarded to DC-based construction companies. And when Hurricane Katrina struck New Orleans in 2005, real-estate developer Joseph Canizaro said the clearing out caused by Katrina represented some “very big opportunities.” Canizaro was selected as part of a panel to develop the Bring New Orleans Back plan, part of which put a stop on reconstruction of low-income neighborhoods until the residents returned. Of course, residents couldn’t return to their destroyed homes, and many were foreclosed on, paving the way for others to buy those properties and develop them.

When the time did come to rebuild New Orleans, the engineering and construction company KBR received no-bid contracts from the federal government for tens of millions of dollars. KBR received $31 billion in contracts from the government between 2001 and 2010. Vice President Dick Cheney served as CEO of KBR’s parent company, Halliburton, for the five years leading up to his two terms in office.

Combined with their immense investing and purchasing power, billionaires have had government resources in addition to their own resources to profit from during economic upheavals. And wealth-friendly tax laws and loopholes then keep those billionaires at the top. Legal structures such as limited liability companies protect personal assets from being repossessed to pay the debts from business downturns. As it’s set up today, IRS rules allowed Amazon to pay $0 in taxes two years in a row. When its bill finally came due in 2019, it paid just $162 million, a measly 1.2% of the company’s income that year.

And it’s not just Amazon. Taxes paid by billionaires have decreased 79% since 1980. And those are just the legal avenues that the wealthy take to avoid paying taxes. In 2017, researchers estimated that about 10% of the world’s GDP was stashed in offshore tax havens. A study in 2012 found that as much as $32 trillion was being held offshore by the world’s wealthiest people. READ MORE

How Billionaires GOT RICHER in the Pandemic

Now The End Begins is your front line defense against the rising tide of darkness in the last days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,600+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

 

 

 

 

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Chaplain At The Highly Controversial California City ICE Immigration Detention Facility Tells Us Requests For Spanish Bibles Have Become ‘Overwhelming’

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1 day ago

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March 25, 2026

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The controversial California City ICE Immigration Detention Facility needs King James Bibles in Spanish due to ‘overwhelming’ requests from inmates

The California City Detention Facility in Kern County is set to become the largest immigration detention center in the state, with a capacity of 2,560 beds. It’s part of the Trump administration’s push for a massive expansion of U.S. Immigration and Customs Enforcement detention nationally. Now we hear they need God’s preserved word in Spanish, and are overwhelmed with requests for it. Chaplain Ron wrote to say “since the time i started here in September requests for Spanish bibles have been overwhelmingly great. I am requesting as many as we can obtain, thank you!” That’s our cue.

“And oppress not the widow, nor the fatherless, the stranger, nor the poor; and let none of you imagine evil against his brother in your heart.” Zechariah 7:10 (KJB)

One of the most controversial government agencies is ICE, Immigrant Customs Enforcement, and rightly so when you consider the careless manner in which the now-deposed former DHS head Kristi Noem ran that agency. As an American, I agree that illegal immigration is a serious problem, and people here illegally need to either get legal or go. But as a Christian who very much wants to see lost people get saved, the opportunity to get Bibles into a high-level ICE detention center is a rare and exciting opportunity. We’ve done it before in Texas, and now the opportunity to do the same in California stands before us. Throw your politics out the window, Christian, the Lord is giving us an end times harvest, and I would love to see a minimum of 500 King James Bibles in Spanish, the RVG, be sent out as soon as possible. But we can only do it with your help. Sending out 500 Bibles is $2,275.00 and 1,000 Bibles $4,550.00. Come help us!

If God has prospered you, please take a moment to click on the donate button to help us in this monumental task of providing King James Bibles, New Testaments, scripture portions, gospel tracts as well as Spanish Bibles to inmates in jails and prisons from Florida to Alaska, and every state in between. We need your prayers, we need your generous financial support, and we need you to stand with us in the closing days of the Church Age. Thank you so very much, TO THE FIGHT!!!

NOTE: If you need a 501 C3 Letter of Donation for tax purposes, please send your donation to:

NTEB Ministries
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Ste. 1272-129
Virginia Beach, VA 23454.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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THE PROPHECY NEWS PODCAST: Jared Kushner Becomes The Most Powerful Man In The Middle East As He’s Now Tasked With Bringing Peace To Iran War

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2 days ago

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March 24, 2026

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From Abraham Accords To Gaza Peace Board To Iran War: Is Jared Kushner Quietly Assembling A Regional Covenant?

Jared Kushner has already laid the groundwork in the Middle East through the Abraham Accords, proving he can do what few others have done—bring Arab nations and Israel into agreement. Then he was given billions of dollars from Crown Prince Mohammed bin Salman to start his wealth management fund, Affinity Partners. Next  he was appointed as the ‘Special Envoy of Peace’ that has taken control of the ruins formally known as Gaza. Now, President Trump has tasked Kushner with implementing his 15 Point Peace Plan to end the war in Iran.

“And he shall confirm the covenant with many for one week: and in the midst of the week he shall cause the sacrifice and the oblation to cease, and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.” Daniel 9:27 (KJB)

On this episode of the Prophecy News Podcast, now here’s the part most people ignore, but NTEB doesn’t. Kushner is not just a diplomat—he is backed by billions of dollars from Saudi Arabia and Gulf state sovereign wealth funds. Let that sink in. The very nations that must be part of any Middle East peace agreement are also financially tied to the man brokering deals in that same region. That is not coincidence. That is alignment of money, influence, and geopolitical power. In one man, Jared Kushner, you now have a man with access to Israel, a man accepted by Arab nations, and a man connected to massive financial backing That is a trifecta you almost never see in one individual. No, we are not declaring Jared Kushner to be the biblical Antichrist. But if you’re looking for the type of man the Bible describes, you’re looking for someone who checks boxes exactly like these. And for the first time in a long time…you can actually see what that might look like. Today we venture into the belly of the Beast and show you everything that the Central Casting Antichrist Jared Kushner has been up to.

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Every Sunday morning, from 11:00 AM – 12:30 PM EST, we invite you to join us live and in-person at the Bible Believers Church here inside the NTEB Bookstore in Palatka where we lift up the Lord Jesus Christ in psalms, hymns and spiritual songs, and preach a message from the pages of the King James Authorized Version Holy Bible.

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Every Sunday evening from 7:00 – 9:00 PM EST, we offer an in-depth rightly dividing and dispensationally correct rocket ride through the preserved word of God as found within the pages of the King James Holy Bible. 

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Every Monday and Friday afternoons from Noon to 1:30 PM EST, we examine breaking news and current events  in light of bible prophecy. 

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Listen to What Our Donation Angels Have to Say About the Ministry of Now The End Begins

  • “You are truly an end time ministry and I appreciate how our Precious Lord is using you to educate his very own flock. There is a lot of confusion , but your ministry is putting scripture in the right prospective. Thank-you so so much Geoffrey S Grider for standing firm and putting in a lot of hours of your time. God Bless You , also your Ministry and your family. IN JESUS MIGHT NAME.” T. Muto
  • “Jesus. I am now 64 years old and never in all the years I’ve been a Christian was I able to grow in the Lord as much as I have in the last past year. All because of our blessed brother’s work Geoffrey Grider who as the bravery of standing fast forward without fear of claiming the truth of God by the power of his love in Jesus Christ. May God bless you abundantly to the end my dear brother… ROMANS: 8: 36,37,38” Mireille Anderson
  • “I met you at the car dealership earlier this year. We spoke briefly, then you handed me a card and told me to check out the website. You left. A few minutes later, you returned to tell me not to forget to look up the website. I told you…” I already did. I already subscribed.” In that short time we spoke, I experienced from you…a total stranger…peace, joy, kindness, gentleness, compassion, and love. I am convinced that God sent you to share the Good News that Jesus Christ is our Lord and Savior. For that, and for the work you are doing for the Kingdom of God, I say…Thank you and God Bless You.” Sonia Merced
  • “I really enjoy the emails and Bible studies! I haven’t found a church and enjoy your services very much! Be blessed brother!” Marcia Mann
  • “You and your organization are on the front lines in the Battle For Truth…. current events, end times, and trying to awaken a sleeping Laodicean Church. Thank you brother for fighting for us and all your teaching and insight God bless…” Daniel Cartrette
  • I just want to thank you for the teachings you give every Sunday night on radio.  You are such a blessing to me. I absolutely love your way of teaching the scriptures.  I don’t have a church where I can have fellowship and teaching, so you have been my teacher for many months now. Thanks God you are there for all of us who have no church to go to.  I pray that the Lord will bless you abundantly in your ministry, and your loved ones too.  You are such a blessing to me, and many others, in these last days before the rapture.  Thank you so much Geoffrey, from the bottom of my heart. May the Lord keep you, until He comes back for us. You are in my prayers.” Donald Godin
  • “Thank you for the work  you are doing brother.  Your page and your testimony were a blessing to me this morning as I came across it for the first time.  Thank you for the reality of your testimony and what God has done for you in introducing you to Jesus our Lord.  God has brought me, in salvation, to Himself as well, through His love and mercy and grace in salvation.  How can we praise Him enough?  How can we not share this good news!?  I pray this day for God’s blessing on your ministry that He may save many souls through the work He has called you to.  Isaiah 40:31 (KJV)” Mark and Melissa
  • “Love the Sunday night bible study. I want to support someone who has the passion for the lost like Geoffrey does and rightly divides the word of God. God bless you.” Teresa Carey
  • “I give because not many news outlets are brave enough or Godly enough to tell these stories from a Christian’s point of view. I see stories here that will not be seen anywhere else.” William Grayshaw
  • “It’s hard to find solid biblical teaching in America these days. It’s a blessing to be able to take part in a ministry financially without being concerned about false teaching. All glory to God! God bless!” Maximilian Swan
  • “I donate because you are reporting the truth about the increasing wickedness of our time, as God’s word foretold. In so doing we are reminded to “Keep looking up” as we wait in joyful hope for the Lord’s coming, Maranatha! ” Anthony Sloane
  • “Geoffrey has the best End Times News out there. I have been receiving his emails for years now and always enjoy his Sunday night messages although I don’t always think exactly as he thinks. We are all in this “boat of life” together and as I come to the end of my life’s journey here, I am more aware of Jesus’s call for us to be one as He and the Father are One.” Deborah Cleaveland

STREET-TESTED NTEB GOSPEL TRACTS:

This is the official gospel tract of NTEB, used here on the streets of Saint Augustine and sent around the world as they are purchased through our website. We ask you to prayerfully consider supporting the work of Now The End Begins by purchasing a box of these full-color, high-quality gospel tracts. Thank you in advance!

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Headline News

As Iran Tensions Explode, USS Tripoli Strike Group With A Full Marine Expeditionary Unit Arriving To Reinforce 50,000 U.S. Troops Already Deployed In Region

Published

3 days ago

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March 24, 2026

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Strait Of Hormuz Becomes Flashpoint As USS Tripoli And Combat Marines Enter Region Backed By Tens Of Thousands Of U.S. Forces

The USS Tripoli is not a symbol. It is not a diplomatic gesture. It is a fully operational, forward-deployed invasion platform. A Marine Expeditionary Unit is specifically designed for one thing: to hit fast, hit hard, and establish a foothold before the enemy can react. On Friday it will arrive to reopen the Strait of Hormuz replete with 2,200 US Marines who will be joining the 11th Marine Expeditionary Unit of 2,500 Marines that’s due to arrive mid-April. And you think this war is winding down? Guess again.

“Joshua made war a long time with all those kings.” Joshua 11:18 (KJB)

The Strait of Hormuz is the economic jugular vein of the planet, where a massive portion of the world’s oil supply flows every single day. Whoever controls that chokepoint holds leverage over global markets, economies, and stability itself. Right now, Iran has their fingers on the controls, something that President Donald Trump would love dearly to see come to a sooner rather than later end. The USS Tripoli is not just a ship, it is a floating strike platform, a fully armed and operational war machine positioned at sea. On board are F-35B stealth fighter jets, MV-22 Osprey tiltrotor aircraft, attack and transport helicopters, and ground combat Marines trained and ready for amphibious assault. This is not a slow, piecemeal military buildup taking shape over time; this is a complete, self-contained invasion force, already assembled and capable of launching operations the very moment the order is given. And it doesn’t stand alone. Moving with it is the USS New Orleans, an amphibious transport dock, carrying roughly 2,200 Marines from the 31st Marine Expeditionary Unit. Together, this is Day One war capability — not theoretical, not preparatory, but active and deployed. Everything needed for immediate combat operations is already in place, already in position, and ready to be unleashed.

Please pray for our amazing US Marines, Soldiers, Sailors and Airmen as they get ready to, hopefully, take control of the Strait of Hormuz and bring this war to an end. Semper Fi.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

nteb-free-king-james-bible-program-750-550

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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