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In reply to the discussion: The Shocking Redistribution of Wealth in the Past Five Years [View all]Octafish
(55,745 posts)84. Forbes summed, heh, it up well...
Happy Days are here again for the 400 wealthiest:
Inside The 2013 Forbes 400: Facts And Figures On America's Richest
pub. 9/16/2013
Bill Gates Bill Gates is the richest American for the 20th year in a row and has reclaimed the title of worlds richest person from Mexicos Carlos Slim with a net worth of $72 billion. Warren Buffett, again number two, was the years biggest dollar gainer, having added $12.5 billion to his fortune. Facebooks hot stock pumped up Mark Zuckerbergs fortune by $9.6 billion and put him back into the top 20 after missing the top cut last year; Carl Icahn lost his battle to stop Dell from going private but he had a great year and moves back in the top 20 for the first time since 2008. The biggest percentage gainer was Workdays David Duffield, whose fortune more than tripled to $6.4 billion, and just behind him in terms of percentage jumps was the entrepreneur Elon Musk, now worth $6.7 billion and ranked 61st.
Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthiest as a group have finally gained back all that they lost. The 400 wealthiest Americans are worth just over $2 trillion, roughly equivalent to the GDP of Russia. That is a gain of $300 billion from a year ago, and more than double a decade ago. The average net worth of list members is a staggering $5 billion, $800 million more than a year ago and also a record. The minimum net worth needed to make the 400 list was $1.3 billion. The last time it was that high was in 2007 and 2008, before property and stock market values began sliding. Because the bar is so high, 61 American billionaires didnt make the cut.
SOURCE: http://www.forbes.com/sites/luisakroll/2013/09/16/inside-the-2013-forbes-400-facts-and-figures-on-americas-richest/
You are most welcome, UTUSN. One thing: the idea of you ever being caught flat-footed is one I'd never imagine. I do see you grabbing 'em by thr nose and kicking' em in the pants pretty clearly.
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Grover Norquist has little Reagan statues on an altar in his mother's basement.
Enthusiast
Jan 2014
#66
They only have cornered wealth because Americans allow them to get away with it. Hopefully,
RKP5637
Dec 2013
#27
Yes, it's something asserted be people who are completely clueless about seizing & holding power...
Lizzie Poppet
Jan 2014
#68
We the People now are -- officially -- on the hook for the Wall Street casino, Rex...
Octafish
Dec 2013
#11
some brainiac thought sticking in FATCA in the jobs bill would catch these Americans Abroad tax
riverbendviewgal
Jan 2014
#50
Dems will spend ALL of their political capital begging for a 3% change....
Spitfire of ATJ
Dec 2013
#13
Thanks Octafish, for the on-going education. May you have a safe and peaceful New Year!
Mnemosyne
Dec 2013
#30
Remember when citizens could deduct credit card interest payments from federal taxes?
Octafish
Jan 2014
#64
All that is well and good, but it's Year Six and there's still no New Deal for the 21st century.
Octafish
Jan 2014
#71
K&R. The shocking work of this administration on behalf of the One Percent
woo me with science
Jan 2014
#40
EVERYTHING POSSIBLE has been done to bolster the wealthiest of the wealthy
democratisphere
Jan 2014
#53
Thank you for sharing, Jasana. You have expressed what the vast majority of this nation now face...
Octafish
Jan 2014
#87