According to Forbes latest list of the 400 wealthiest Americans, the wealth of the super-rich has increased during the last year. In the meantime, as the prosperous get wealthier, the middle class continues to reduce in size, widening yet more the gap between the rich and the poor.
Richer rich
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 boost in total net worth, or a 13 percent increase, during the last year.
There has also been a rise in the typical net worth of each of the 400. It has increased to $4.2 billion per person.
There was an increase in income for 261 of the 400, mostly due to the rebounding real estate market and stock growth.
Same individuals as always
The list contained familiar and anticipated names. The rankings of the top five stayed unchanged from 2011, although their net worth had risen: Gates, Buffett, Larry Ellison, Charles and David Koch (tied for fourth) and Christie Walton.
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.
Notable exception
There was a big exception to the increasing with Zuckerberg who had his net worth really cut in half when Facebook went public. He is only worth $9.4 billion now.
Gap bigger than before
In 1961, the top one percent of earners in the nation made 125 times more than the typical middle-income household. In 2010, that number jumped to 288 percent compared to the average middle-income earner. In the last century, the gap between the wealthy and the poor has more than doubled, according to the Economic Policy Institute.
The worth of the rich is increasing regardless of the fact that most Americans are seeing decreases in wealth lately.
Even though there is a trend that has been going on for a while, the gap widened a ton after the Good Recession and increased exponentially.
Richer rich
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 boost in total net worth, or a 13 percent increase, during the last year.
There has also been a rise in the typical net worth of each of the 400. It has increased to $4.2 billion per person.
There was an increase in income for 261 of the 400, mostly due to the rebounding real estate market and stock growth.
Same individuals as always
The list contained familiar and anticipated names. The rankings of the top five stayed unchanged from 2011, although their net worth had risen: Gates, Buffett, Larry Ellison, Charles and David Koch (tied for fourth) and Christie Walton.
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.
Notable exception
There was a big exception to the increasing with Zuckerberg who had his net worth really cut in half when Facebook went public. He is only worth $9.4 billion now.
Gap bigger than before
In 1961, the top one percent of earners in the nation made 125 times more than the typical middle-income household. In 2010, that number jumped to 288 percent compared to the average middle-income earner. In the last century, the gap between the wealthy and the poor has more than doubled, according to the Economic Policy Institute.
The worth of the rich is increasing regardless of the fact that most Americans are seeing decreases in wealth lately.
Even though there is a trend that has been going on for a while, the gap widened a ton after the Good Recession and increased exponentially.
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