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"With a combined worth of $2.34 trillion, the Forbes 400 own more wealth than the bottom 61 percent of the country combined, a staggering 194 million people. Th
by llamataboot 9y ago
"With a combined worth of $2.34 trillion, the Forbes 400 own more wealth than the bottom 61 percent of the country combined, a staggering 194 million people. The median American family has a net worth of $81,000. The Forbes 400 own more wealth than 36 million of these typical American families."
http://www.ips-dc.org/billionaire-bonanza/ http://www.ips-dc.org/billionaire-bonanza/
- jjeaff 9y agoThat is the favorite to parrot around. It's not that impressive considering the large percentage of the world's population has a negative net worth. http://blogs.reuters.com/felix-salmon/2014/04/04/stop-adding-up-the-wealth-of-the-poor/ http://blogs.reuters.com/felix-salmon/2014/04/04/stop-adding...
- hn_throwaway_99 9y agoThat quote also included the comparison to the median family net worth.
- 5555624 9y agoThe quote says, "... the bottom 61 percent of the country combined, a staggering 194 million people." It's not comparing the number to the world's population.
- diggernet 9y agoAccording to that article, the 1% are worth around $26 trillion. So to answer the Muffin's question, looks like the 400 have just over 10% of the 1%er wealth.