“No one should think that the government can suddenly wield a wand, the economy looks like it was before that happened.”
Billionaire Bill Gates, Microsoft co-founder
and noted a philanthropist in a 26-minute interview on CNBC on Thursday.
Gates, who has a net worth of $ 103.4 billion, according to Forbes (making him the second richest man in the world behind Amazon.com).
Jeff Bezos) was one of the most vocal critics of the United States’ response to the COVID-19 pandemic that ravaged the national economy and brought an abrupt end to most commercial and personal activity in the world .
In a Washington Post article published on March 31, the tech specialist recommended tougher closures to mitigate the spread of the deadly viral epidemic, stating that “stopping anywhere means stopping everywhere “
However, the stock market has mostly tried to ignore concerns about COVID-19, which has infected 1.5 million people worldwide and claimed nearly 90,000 lives, according to aggregated data from Johns Hopkins University. The Dow Jones Industrial Average ended the shortened holiday week Thursday with a weekly gain of 12.67%, while the S&P 500 index
increased 12.1% for its best week since 1974 and the Nasdaq Composite
climbed 10.59% for its best weekly gain since March 2009, as investors ignored a ugly unemployment claims report for the week ending April 4 and focused on the 2.3 trillion program dollars from the Federal Reserve to help channel money to key sectors of the economy that have been hit hard by the response to the epidemic.
The Bill and Melinda Gates Foundation has donated $ 100 million to science and pandemic testing. Gates is part of a group of billionaire philanthropists who have declared that they would donate at least half of their wealth to charity under the Giving Pledge.