Just 59 Americans Have More Wealth Than Half the Country’s Population
October 9th, 2020Via: New York Post:
The 59 Americans whose fortunes have ballooned amid the coronavirus pandemic now have more wealth than half the nation’s population, new data show.
The poorest 50 percent of Americans, or roughly 165 million people, collectively owned about $2.08 trillion in wealth in the second quarter of 2020, according to Federal Reserve data released last week.
That’s less than the net worth of the nation’s 59 richest billionaires, who have a combined fortune of about $2.09 trillion, Bloomberg’s Billionaires Index shows — a number that’s grown this year despite the COVID-19 crisis kneecapping the global economy.
