America’s widening wealth gap

The 50 richest Americans have a combined net worth nearly equal to the poorest 50 percent of the U.S. population – some 165 million people – according to data from the U.S. Federal Reserve


TOP FIVE RICHEST PEOPLE IN U.S. 
Total net worth (as of Oct 12)	Change in wealth (year-to-date)
      
Jeff Bezos
Amazon
$194bn 
$78.6bn
(+68%)

Bill Gates
Microsoft co-founder 
$125bn
$12.4bn
(+11%)

Elon Musk
Tesla, Space X 
$105bn
$77.4bn
(+280%)

Mark Zuckerberg 
Facebook 
$100bn
$21.8bn
(+27%)

Warren Buffett 
Berkshire Hathaway 
$81.5bn
$-7.75bn
(-8%)


DISTRIBUTION OF HOUSEHOLD WEALTH IN U.S. (Q2 2020) 

Trillions* 	0 	10 	20 	30	40

Bottom 50% 	$2.08 trillion (1.9% share of all household wealth)   
of households	Combined net worth of about 165 million people

Next 40%	32.65 trillion (29.1%)

Next 9%		43.09 trillion (38.5%)

Top 1%		34.23 trillion (30.5%)
 
Almost $2 trillion: Combined net worth of top 50 richest people in U.S. (as of Oct 8), up $339 billion from beginning of 2020 


*$1 trillion = $1,000,000,000,000


Sources: Bloomberg, U.S. Federal Reserve 
Pictures: Associated Press
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