U.S CAPITALISM
U.S. Oligarchic Dozen Now Own $1 Trillion in Total Wealth, More Than the GDP of Belgium and Austria Combined
A Journal of People report
New research by the Washington D.C.-based Institute for Policy Studies (IPS) showed that since the beginning of the coronavirus pandemic, the 12 top U.S. billionaires have seen their combined wealth soar by 40 percent, or $283 billion, to more than $1 trillion.
It is the first time in U.S. history that the collective net worth of the top 12 American billionaires has topped the trillion-dollar mark.
What the IPS terms the “Oligarchic Dozen” includes Jeff Bezos ($189.4 billion), Bill Gates ($114 billion), Mark Zuckerberg ($95.5 billion), Warren Buffett ($80 billion), Elon Musk ($73 billion), Steve Ballmer ($71 billion), Larry Ellison ($70.9 billion), Larry Page ($67.4 billion), Sergey Brin ($65.6 billion), Alice Walton ($62.5 billion), Jim Walton ($62.3 billion), and Rob Walton ($62 billion).Read More »