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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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Thanks To Your Prayers And Support, Good Child Missions In Uganda Now Has A Cow That Will Help Feed Hungry Children And Strengthen Their Ministry

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July 9, 2026

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Operation Africa! Raises The Funds Necessary To Purchase A Cow For Good Child Missions In Uganda To Help Feed And Bless Needy Children God places in their care

The photo you see at the top of this article is Irad, with an enormous smile on his face, standing with the cow we helped him to purchase for Good Child Missions. Actualy, two cows because she’s pregnant, a double blessing! The cows are an intergal part of the self-sustaining farm Irad is constructing to provide a steady stream of food for the children God places in his care. NTEB has been a strong financial partner with Good Child Missions from their inception, and Lord willing, will remain so through our newly launched Operation Africa! now also operating in Kenya.

“Pure religion and undefiled before God and the Father is this, To visit the fatherless and widows in their affliction, and to keep himself unspotted from the world.“ James 1:27 (KJB)

We are living in the end times, no doubt about that, and it is so very exciting watching prophecy coming true, but our mission as last days Bible believers is to take the gospel of the grace of God into all the world. We are doing that with the Gospel Witness Billboard Program, the Free Bible Program, Bibles Behind Bars, and now through Operation Africa! Please pray for our outreaches, that God will continue to open doors for all of us to walk through to get something done for His Name. We so very much appreciate your support.

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 everyone who needs one. 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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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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Donald Trump’s Iran ‘Victory Lap’ Ends With Him Ironically Ditching The New Muslim-Provided Air Force One From Qatar And Returning Home On The Old One

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July 8, 2026

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President Donald Trump’s Middle East Theater Meets Reality As Iran Threats Send Him Back To The Old Air Force One For The Flight Home

Trump is selling strength, victory, dominance, and deterrence over Iran, yet the image coming out of this trip is not victory-lap confidence but nervous calculation. He says Iran has been beaten, decimated, obliterated, and put back in its box, but when the moment comes to fly through a dangerous threat environment, the Qatari-gifted luxury jet suddenly stays behind and the old, battle-tested Air Force One gets the call. That is political irony at 40,000 feet. The boast is “Iran is defeated,” but his actions say, “not defeated enough for me to trust this plane.” Reports say the switch raised questions precisely because Trump was also talking about Iranian threats and being at the top of their “kill list.”

“Boast not thyself of to morrow; for thou knowest not what a day may bring forth.” Proverbs 27:1 (KJB)

Trump bragged about the lavish $400 million plane gifted by Qatar, took his first flight on it, and praised it like a symbol of prestige and power. But Qatar is a Muslim Gulf state with its own entanglements, relationships, and strategic calculations in the region, and the moment Iran re-enters the picture, that glittering “gift” starts looking less like strength and more like vulnerability. The old Air Force One may be aging, but it represents hardened American continuity; the Qatari jet represents spectacle, luxury, controversy, and foreign influence. One is built for the presidency in crisis. The other looks tailor-made for Trump’s brand.

Trump’s foreign policy is forever trapped between theater and reality. In the theater, Iran is crushed, America is feared, enemies are trembling, and Trump is the great wartime commander. In reality, Iran is still threatening, the Middle East is still burning, the ceasefire is being declared finished, and the president is making aircraft decisions that appear to reflect a genuine fear of exposure. He can call Tehran names, promise to hit them “hard,” and claim victory all day long, but if Iran is still shaping how the president travels, then Iran has not been removed from the chessboard.

So the old Air Force One becomes the perfect symbol of the moment. Trump wanted the new plane to say, “Look how powerful I am.” Instead, the switch back to the old one says, “Look how dangerous this has become.” He boasted about beating Iran, then appeared unwilling to put that boast to the test in the Muslim-provided luxury jet from Qatar. That is not just irony — that is the whole Trump Middle East doctrine in one image: loud claims of victory, foreign gifts wrapped in controversy, threats still coming from Iran, and America once again flying through the consequences of unfinished wars.

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: As Trump Resumes Bombing Of Iran, Emmanuel Macron Takes Center Stage In Stunning Visit To Syria With Ahmed al-Sharaa

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2 days ago

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July 8, 2026

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The Middle East is undergoing a paradigm shift realingment now with Emmanuel Macron center stage in Syria and Donald Trump restarting the bombing of Iran

The Middle East is shaking on every side right now, and the headlines are lining up like pieces on a prophetic chessboard. Trump is in Turkey, strengthening ties with Erdoğan and signaling that he may reverse the F-35 ban and lift sanctions tied to Turkey’s Russian S-400 purchase — even as Israel has reportedly warned that arming Turkey with F-35s could destabilize the regional balance of power. At the very same time, the U.S. has restarted strikes against Iranian targets after renewed attacks on commercial shipping in the Strait of Hormuz, with CENTCOM calling Iran’s actions a violation of the ceasefire. Hey, Christian, if you’ve been waiting for the end times to start, you’re already late to the party.

“For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places. All these are the beginning of sorrows.” Matthew 24:7,8 (KJB)

On this episode of the Prophecy News Podcast, then comes Macron, the man we are watching closely as the possible, and probable, biblical man of sin, walking into Damascus like he owns the place to meet Syria’s new president Ahmed al-Sharaa, the former Abu Mohammad al-Jolani. During that visit, two IEDs exploded near the Four Seasons Hotel where Macron was staying, wounding at least 18 people, while Macron continued his meeting with al-Sharaa at the presidential palace. That is an astonishing visual. Western diplomacy blessing a rebranded jihadist regime, bombs rocking Damascus, Iran burning again, Turkey being courted, and Israel surrounded by shifting alliances. This is Middle East Turmoil in every sense of the phrase – war, diplomacy, betrayal, reinvention, and prophetic foreshadowing all colliding at once. The world calls it stabilization, reconstruction, NATO strategy, and regional diplomacy. Now, the world may be confused watching all of this unfold, but the student of prophecy knows what’s going on. The nations are moving, the alliances are shifting, Damascus is shaking, Iran is raging, Turkey is rising, and Europe is inserting itself into the heart of the Middle East. Welcome to Day 2,307 of 15 Days to Flatten The Curve, and Day 130 of World War Trump in Iran. It’s a great day for an end times Podcast, so let’s get after it…TO THE FIGHT!!!

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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
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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
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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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