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The income gap between the rich elite and the shrinking class is wider than it was a year ago. According to Forbes, most of the 400 wealthiest people in the nation saw their net worth boost since this time in 2011.
Forbes talks about wealthy
About 12.5 percent of the economic climate is made up by the 400 wealthiest citizens in our country, according to NBC News. These 400 individuals, according to Forbes, saw a $1.7 trillion increase in total net worth, or a 13 percent increase, in the last year.
The typical net worth per person in the 400 is higher than it has ever been at $4.2 billion.
Forbes discovered that 261 of the wealthiest 400 all saw their income go up. The increases in wealth were attributed to stock growth and a rebounding real estate market.
Prosperous not anything brand new
The top five from 2011 did not change to be Bill Gates, Buffett, Larry Ellison, Charles and Koch (tied for fourth) and Christie Walton. There were the expected names.
During the last year, Buffett saw his worth rise by $7 billion, which is the same growth as Gates at the top of the list. Gates' fortune is not at $66 billion, and he has been on top of the list for 19 years. A bigger boost was seen with Larry Ellison who saw an $8 billion increase in his net worth.
Minority report
Zuckerberg lost about half of his net worth when Facebook went public this year, so his net worth is only $9.4 billion this year. That is one big exception the increasing.
Gap bigger than before
In a separate study last week, the Economic Policy Institute found that the gap between the wealthiest Americans and the average family has more than doubled during the last half-century. According to the report, the nation's top one percent of earners made about 125 times that of a middle-income household in 1961. In 2010, it had escalated to a ratio of 288 to one.
The worth of the rich is increasing regardless of the belief that most Americans are seeing decreases in wealth recently.
While the trend has been active for decades, the Economic Policy Institute report noted that the gap has widened at a more rapid pace since the Good Recession.
Forbes talks about wealthy
About 12.5 percent of the economic climate is made up by the 400 wealthiest citizens in our country, according to NBC News. These 400 individuals, according to Forbes, saw a $1.7 trillion increase in total net worth, or a 13 percent increase, in the last year.
The typical net worth per person in the 400 is higher than it has ever been at $4.2 billion.
Forbes discovered that 261 of the wealthiest 400 all saw their income go up. The increases in wealth were attributed to stock growth and a rebounding real estate market.
Prosperous not anything brand new
The top five from 2011 did not change to be Bill Gates, Buffett, Larry Ellison, Charles and Koch (tied for fourth) and Christie Walton. There were the expected names.
During the last year, Buffett saw his worth rise by $7 billion, which is the same growth as Gates at the top of the list. Gates' fortune is not at $66 billion, and he has been on top of the list for 19 years. A bigger boost was seen with Larry Ellison who saw an $8 billion increase in his net worth.
Minority report
Zuckerberg lost about half of his net worth when Facebook went public this year, so his net worth is only $9.4 billion this year. That is one big exception the increasing.
Gap bigger than before
In a separate study last week, the Economic Policy Institute found that the gap between the wealthiest Americans and the average family has more than doubled during the last half-century. According to the report, the nation's top one percent of earners made about 125 times that of a middle-income household in 1961. In 2010, it had escalated to a ratio of 288 to one.
The worth of the rich is increasing regardless of the belief that most Americans are seeing decreases in wealth recently.
While the trend has been active for decades, the Economic Policy Institute report noted that the gap has widened at a more rapid pace since the Good Recession.
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