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World's 500 Richest People Gained $1.2 Trillion In Wealth In 2019, Increase of 25%

- 'World's 500 Richest People Gained $1.2 Trillion in Wealth in 2019: Analysis.'- "In the U.S., the richest 0.1% control a bigger share of the pie than at any time since 1929." Jake Johnson, Common Dreams, Dec. 27, 2019.

The 500 richest people in the world, all of whom are billionaires, gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have not been seen since the late 1920s. That's according to a new Bloomberg analysis published Friday, which found that the planet's 500 richest people saw their collective net worth soar by 25 percent to $5.9 trillion over the last year.

"In the U.S., the richest 0.1 percent control a bigger share of the pie than at any time since 1929," Bloomberg noted. "The 172 American billionaires on the Bloomberg ranking added $500 billion, with Facebook Inc.'s Mark Zuckerberg up $27.3 billion and Microsoft Corp. co-founder Bill Gates [rising] $22.7 billion."

According to the Bloomberg Billionaires Index, eight of the 10 richest people in the world are from the U.S.



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https://www.democraticunderground.com/1016244747