Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined

  1. "The elite ranks of our billionaire class continue to pull apart from the rest of us," a new Institute for Policy study analysis finds
    ... The three wealthiest people in the United States - Bill Gates, Jeff Bezos, and Warren Buffett -now own more wealth than the entire bottom half of the American population combined, a totalof 160 million people or 63 million households.
    ● America's top 25 billionaires - a group the size of a major league baseball team's active roster -together hold $1 trillion in wealth. These 25 have as much wealth as 56 percent of the population,a total 178 million people or 70 million households.
    ● The billionaires who make up the full Forbes 400 list now own more wealth than the bottom 64percent of the U.S. population, an estimated 80 million households or 204 million people - morepeople than the populations of Canada and Mexico combined.1
    ● The median American family has a net worth of $80,000, excluding the family car. The Forbes 400own more wealth than 33 million of these typical American families...
    https://inequality.org/wp-content/up...-Embargoed.pdf
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  2. 2 Comments

  3. by   BCgradnurse
    That's an enormous disparity. Bill Gates and Warren Buffett, at least, are philanthropists and use their wealth to do good. I'm not sure how much Jeff Bezos donates. He has talked about plans for philanthropy, but I couldn't find anything concrete. Perhaps he keeps it private.

    With great wealth comes great responsibility.
  4. by   nursej22
    Bezos has made some charitable contributions, but nothing like Bill Gates and the Bill & Melinda Gates Foundation. He contributes to his family's foundation, has supported a homeless shelter in Seattle, and endowed professorships at the University of Washington. But he is still quite active in his businesses and is building is for-profit space-exploration company.

    For Bezos, Now World’s Richest, Philanthropy Is 'Saved for Later' - Bloomberg

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