Top 3 Richest Americans Have More Money Than 50% of Country
According to a recent study published by the Institute for Policy Studies, the top three richest people in America are worth more money than the bottom 50% of the population. These three individuals are Bill Gates, Warren Buffett and Jeff Bezos. Combined their fortune is worth an estimated $263 billion. This figure is more than the bottom half of America or the average or below average income levels of roughly 160 million people. According to the study, roughly a fifth of Americans, “have zero or a negative net worth.”
This is cause for concern when looking strictly at numbers because if left unchecked the top 300 – 400 billionaire’s income will continue to grow and the bottom half of Americans will continue to decrease. A trend, the study says, “it has been witnessing for decades.” American President Donald Trump’s fortune dropped $600 million this year placing him down from his 2016’s 156th place to this year’s 248th place with his total fortune at $3.1 billion.