Liberty Planet Weblog

America’s 400 richest: $1.7 trillion and counting

Posted on: September 20, 2012

My comment…

“We just need to have 10 times this number and then we could take all of their assets and pay off the National debt. Oh damn, we only have $1.7 Trillion. That doesn’t put a dent in it.”

The United States may be in crisis, but the rich keep getting richer. The net worth of the Forbes 400 richest Americans grew by 13 per cent in the past year to $1.7 trillion, as the gap between rich and poor continues to widen at a staggering rate.

The average net worth of the 400 wealthiest Americans shot up by $400 million to a record $4.2 billion, Forbes said, serving to underscore glaring wealth inequality in America.

Bill Gates, the chairman of Microsoft Corp, is one year shy of topping the list for two decades straight with $66 billion, a massive $7 billion hike from the previous year.

Warren Buffet, the American investor who likely became infamous amidst the uber-rich for proposing a tax hike on the wealthy, somewhat ironically trailed Gates with $46 billion. Larry Ellison, the cofounder and CEO of Oracle, clinched third with $41 billion – up $8 billion from last year. Charles and David Koch, the energy and chemical magnates notorious for bankrolling scores of right-wing advocacy groups, came in fourth and fifth respectively with $31 billion each.

The top five remain unchanged from last year, though collectively they are much richer: all five men are worth $34 billion more than in 2011.

One notable entry on the list – founder and CEO of Facebook Inc Mark Zuckerberg – did not see his fortunes rise, however.The social networking giant’s wealth nearly halved to $9.4 billion after Facebook’s lackluster initial public offering in May. His position dropped from 14 to 36 on the list.

Source: RT

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Blog Stats

  • 30,406 hits

Categories

Top Clicks

  • None
%d bloggers like this: