With a combined worth of $2.34 trillion, (click here) the Forbes 400 own more wealth than the bottom 61 percent of the country combined, a staggering 194 million people.
Not quite. The worth of the Forbes 400 is about one tenth of the USA national debt. That is about right when considering how much corporate welfare issued by the federal government.
December 3, 2015By Joshua Holland
Charles Koch, CEO of Koch Industries Inc., is listed by Forbes as the fourth-richest person in the United States today.
The 400 richest Americans (click here) now have more wealth than the bottom 61 percent of the population, a report released on Wednesday by the Institute for Policy Studies (IPS) reveals. According to “Billionaire Bonanza: The Forbes 400 and the Rest of Us,” just the twenty individuals at the top of the pile—a group that could fit into a Gulfstream G650 luxury jet, according to the study’s authors—now control more wealth than the bottom half of the population. That’s 152 million people living in 57 million households....
