According to Forbes most recent list of the 400 richest Americans, the wealth of the super-rich has increased in the last year. Meanwhile, as the rich get richer, the middle class continues to shrink, widening yet more the gap between the wealthy and the poor.
Where have the rich been?
There was a 13 percent increase in the net worth of the 400 wealthiest people in the country during the last year, an increase of $1.7 trillion, according to Forbes. NBC News explained that the 400 people make up about 12.5 percent of the country.
The average 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.
Top five the same
The top five from 2011 did not change to be Bill Gates, Buffett, Larry Ellison, Charles and David Koch (tied for fourth) and Christie Walton. There were the anticipated names.
Bill Gates, chairman of Microsoft, has headed the list for the last 19 years. He saw his worth grow by $7 billion to $66 billion. Warren Buffett of Berkshire Hathaway, saw his worth rise by $7 billion. Larry Ellison, head of Oracle Corp, got the largest raise, however, with a rise of $8 billion.
Not everybody succeeds
Mark 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.
Enormous gap
In a separate study last week, the Economic Policy Institute discovered that the gap between the richest Americans and the typical 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 income of most Americans has dropped in recent decades, according to the study. However, as we have seen, the worth of the wealthy elite continues to climb.
The Economic Policy Institute report learned that the gap was increased a ton since the Good Recession started, regardless of the belief that it has been taking place for a long time.
Where have the rich been?
There was a 13 percent increase in the net worth of the 400 wealthiest people in the country during the last year, an increase of $1.7 trillion, according to Forbes. NBC News explained that the 400 people make up about 12.5 percent of the country.
The average 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.
Top five the same
The top five from 2011 did not change to be Bill Gates, Buffett, Larry Ellison, Charles and David Koch (tied for fourth) and Christie Walton. There were the anticipated names.
Bill Gates, chairman of Microsoft, has headed the list for the last 19 years. He saw his worth grow by $7 billion to $66 billion. Warren Buffett of Berkshire Hathaway, saw his worth rise by $7 billion. Larry Ellison, head of Oracle Corp, got the largest raise, however, with a rise of $8 billion.
Not everybody succeeds
Mark 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.
Enormous gap
In a separate study last week, the Economic Policy Institute discovered that the gap between the richest Americans and the typical 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 income of most Americans has dropped in recent decades, according to the study. However, as we have seen, the worth of the wealthy elite continues to climb.
The Economic Policy Institute report learned that the gap was increased a ton since the Good Recession started, regardless of the belief that it has been taking place for a long time.
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