Source: Inequality.org
by Sam Pizzigati
“Our richest have in 2024 enjoyed their best year ever. No other nation’s deepest pockets have watched their fortunes grow as large or as fast. Elon Musk, of course, perfectly embodies this unprecedented surge in the personal wealth of America’s wealthiest. Musk has entered 2024’s last two weeks with a net worth spilling past $450 billion, nearly half a trillion dollars. Over the last 12 months, the Bloomberg Billionaires Index neatly notes, Musk’s wealth has doubled. But Musk’s good fortune hardly rates as unique. Amazon’s Jeff Bezos is sitting on a quarter-trillion personal fortune, and the Facebook-driven net worth of Mark Zuckerburg has jumped comfortably over $200 billion as well. Of the world’s 15 largest personal fortunes, 14 currently belong to Americans. All these 14 will be stepping into 2025 with at least $100 billion in personal assets.” (12/16/24)
https://www.commondreams.org/opinion/2024-great-year-for-rich