The richest 20 Americans are as wealthy as half of the entire U.S. population combined

The 1 Percent

  • Wealthiest 20 Americans, with combined net worth of $732billion, are as wealthy as half of the U.S. population which is about 152 million people

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The richest 20 Americans, with a combined net worth of $732 billion, are as wealthy as half of the U.S. population, according to a new study.

Findings showed that the country’s 20 wealthiest people, which includes Bill Gates and Warren Buffet, now own more wealth than the bottom half of the population combined or 152 million people.

The study by the Institute for Policy Studies also found that America’s wealthiest 400, with a combined net worth of $2.34 trillion, own more wealth than that of the bottom 61 per cent of the country combined – a staggering 194 million people.

Among the 20 wealthiest Americans are eight founders of corporations, nine heirs, two investors and a casino mogul.

The list includes Gates of Microsoft, Jeff Bezos of Amazon, Mark Zuckerberg of Facebook and four Waltons who are heirs of Wal-Mart.

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