The income gap between the wealthy elite and the shrinking class is wider than it was a year ago. According to Forbes, most of the 400 richest people in the country saw their net worth boost since this time in 2011.
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, in the last year.
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 richest 400 all saw their income go up. The increases in wealth were attributed to stock growth and a rebounding real estate market.
Hardly any person brand new prosperous
The names of the prosperous are just as expected. Gates, Buffett, Larry Ellison, Charles and Koch (tied for fourth) and Christie Walton are the top five people just like they were in 2011, though there was an increase in net worth.
Gates, chairman of Microsoft, has headed the list for the last 19 years. He saw his worth grow by $7 billion to $66 billion. Buffett of Berkshire Hathaway, saw his worth rise by $7 billion. Larry Ellison, head of Oracle Corp, got the largest raise, however, with an increase of $8 billion.
Exemption seen
There was a big exception to the increasing with Mark Zuckerberg who had his net worth actually 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. During the last century, the gap between the wealthy and the poor has more than doubled, according to the Economic Policy Institute.
The income of most Americans has dropped in recent decades, according to the study. However, as we have seen, the worth of the rich elite continues to climb.
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, in the last year.
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 richest 400 all saw their income go up. The increases in wealth were attributed to stock growth and a rebounding real estate market.
Hardly any person brand new prosperous
The names of the prosperous are just as expected. Gates, Buffett, Larry Ellison, Charles and Koch (tied for fourth) and Christie Walton are the top five people just like they were in 2011, though there was an increase in net worth.
Gates, chairman of Microsoft, has headed the list for the last 19 years. He saw his worth grow by $7 billion to $66 billion. Buffett of Berkshire Hathaway, saw his worth rise by $7 billion. Larry Ellison, head of Oracle Corp, got the largest raise, however, with an increase of $8 billion.
Exemption seen
There was a big exception to the increasing with Mark Zuckerberg who had his net worth actually 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. During the last century, the gap between the wealthy and the poor has more than doubled, according to the Economic Policy Institute.
The income of most Americans has dropped in recent decades, according to the study. However, as we have seen, the worth of the rich elite continues to climb.
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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