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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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The Strait of Hormuz In The Persian Gulf Lit Up Like An Inferno After Six Tankers Attacked By Iran When Explosive-Laden Boats Struck Multiple Vessels

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2 hours ago

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March 12, 2026

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Oil Surges Above $100 As Six Ships Are Attacked In Strait Of Hormuz While Trump’s War With Iran Pushes Middle East Toward Wider Conflict

Oil prices have surged past $100 a barrel after multiple ships were attacked in the Persian Gulf and the Strait of Hormuz, sending shockwaves through global markets and reminding the world just how fragile the modern economic system really is. As the war between the United States and Iran intensifies, one of the most important energy choke points on the planet is rapidly turning into a battlefield.

“And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.” Deuteronomy 33:24 (KJB)

Yes, oil is part of the story, and always has been. The Persian Gulf sits on top of one of the largest concentrations of energy reserves on the planet. When that supply is threatened, markets tremble. But the deeper reality is geopolitical power. The Strait of Hormuz is one of the most strategic military choke points on earth. Whoever controls that corridor can influence the energy supply of Asia, Europe, and much of the global economy. This is how regional wars begin to spread. First it is military strikes, then retaliation, then attacks on global trade routes. Once shipping lanes become battlefields, the entire world begins to feel the consequences. As the war between the United States and Iran escalates and global energy markets begin to tremble, one thing is becoming increasingly clear. The world is moving into a period of profound instability exactly how the prophets said that it would be in the last days.

Oil prices surge above $100 per barrel after six ships attacked in Persian Gulf, Strait of Hormuz

FROM THE NY POST: The two most recent attacks, apparently carried out by explosive-laden boats, hit the tankers Safesea Vishnu and Zefyros in Iraqi waters, killing at least one crew member and setting the vessels ablaze. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for the attacks, releasing a video of the burning Safesea Vishnu in which a man can be heard shouting: “Allah is the greatest! The destruction of an American tanker in the northern district of the Persian Gulf! I obey you Khamenei! Hail be the Islamic Republic of Iran! Soldiers of the Islamic Revolutionary Guard Corps Navy!”

“Expect oil at $200 per barrel,” a spokesperson said in a statement Wednesday aimed at the US. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”

The latest attacks followed projectile strikes on four ships in the Strait of Hormuz since Wednesday and caused Brent crude futures to jump past the century mark before falling back to around $96.50 per barrel as of 7 a.m. ET. The attacks came hours after President Trump ordered the release of 172 million barrels of oil from the US Strategic Petroleum Reserve in an effort to bring down gas prices that have surged by an average of 60 cents per gallon nationwide since America and Israel began joint attacks on Iran Feb. 28.

The IRGC has warned that any vessel which attempts to traverse the Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman and the Arabia Sea and through which an estimated one-fifth of the world’s oil passes, is subject to attack. READ MORE

Ships struck near Strait of Hormuz as Iran threatens security of key oil passage

Bahrain’s interior minister says Iran is targeting fuel tanks in the country after several refineries were hit, as tensions mount following attacks on ships near the Strait of Hormuz.

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 Bridgeport Correctional Center In Connecticut Processes Thousands Of Inmates Each Year And Their Goal Is A Bible For Every Prisoner Who Wants One

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16 hours ago

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March 11, 2026

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Thousands of inmates are processed and sent out through the Bridgeport Correctional Center each year, and they need a Bible to take with them as they go

The Bridgeport Correctional Center in Connecticut is a high-security facility located at 1106 North Ave Bridgeport, CT 06604, managing a diverse and predominantly pre-trial population. It serves as a central urban jail for the state, offering various rehabilitation, education, and vocational programs designed to assist in inmate reintegration. Today, Chaplain Steve has told us of their need for as many Bibles as we can provide, and I would love for us to be able to help him.

“The Spirit of the Lord GOD is upon me; because the LORD hath anointed me to preach good tidings unto the meek; he hath sent me to bind up the brokenhearted, to proclaim liberty to the captives, and the opening of the prison to them that are bound;” Isaiah 61:1 (KJB)

Chaplain Steve writes “We are a large county jail with 1000s of individuals passing through our gates every year. some stay a long time, while others move on more quickly. We want to be able to give bibles to all inmates who request them, but we are currently having trouble keeping up with the demand. I see that the bible we give out are appreciated by the inmates.” Every day we receive multiple requests for free Bibles from individuals both locally and globally. Each week, we receive multiple requests for Bibles from chaplains who minister in the jails and prisons across America. Just this morning we finalized a request for 500 Bibles sent to a Georgia jail, and received a new request from the Bridgeport Correctional Center in Connecticut. Oftentimes new requests will come in while I am writing one of these articles, it’s honestly overwhelming but in a good way. Christian, God has given us an amazing open door in these closing moments of the Church Age to give out as many Bibles and devotional books as we possibly can, and it’s exciting. Prisoners are getting saved in the thousands, and being set free in Jesus Christ. There is much work to be done, come help us to do it!!

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: They Are Calling It ‘World War Trump’ As Costs Rise Into The Billions With A Defiant Iran Vowing No Retreat And No Surrender

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1 day ago

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March 11, 2026

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We are looking at World War Trump in Iran that just may produce the biggest military conflict anyone has seen since WWII

For weeks now the world has been watching the conflict that many are calling “World War Trump” unfold in real time, and the situation is becoming clearer by the day. President Donald Trump has demanded “unconditional surrender” from Iran, while Tehran has responded with open defiance, calling that demand nothing more than a “dream.” Iran is not surrendering. Not today, not tomorrow, and certainly not easily if at all.

“Or what king, going to make war against another king, sitteth not down first, and consulteth whether he be able with ten thousand to meet him that cometh against him with twenty thousand?” Luke 14:31 (KJB)

On this episode of the Prophecy News Podcast, the rhetoric coming from Washington is maximalist: surrender, regime change, and the installation of leadership acceptable to the United States. Iran’s response is equally absolute: we will not surrender, and that is the formula for a long war. History teaches this lesson over and over again. Nations rarely surrender when they believe their survival—or their ideology—is at stake. The Islamic Republic of Iran is built on resistance to the West; surrender would mean the collapse of the entire revolutionary system. This is a key point that Trump and his Department of War seem to be blissfully unaware of. The Middle East is the epicenter of the last days, and conflicts like this one are not random accidents of history. They are part of a geopolitical storm building toward the prophetic end times. The Bible warned that the last days would be a time of global instability and military tension. The stage is being set, and not for peace, but for the largest series of wars the world has ever seen. And if Iran refuses to surrender—as it clearly intends to do—the conflict now unfolding could become one of the sparks that ignites the next phase of global upheaval.

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  • “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
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  • 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
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  • “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

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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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