US EditionOxfam: Wealth of 10 Richest Americans Grew by Nearly $700B Last Year
Oxfam America reports the top 10 US billionaires increased their wealth by $698 billion amid a shutdown causing SNAP benefit cuts for 41 million Americans.
- The United States' 10 richest billionaires experienced a wealth increase of nearly $700 billion last year, according to a report by Oxfam.
- On average, each billionaire in the top 10 gained $69.8 billion over the past year, as noted by Oxfam.
- Over 40% of the U.S. population, including nearly 50% of children, is classified as poor or low income, as stated in the report.
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30 Articles
The collective wealth of America's top 10 billionaires increased by $698 billion last year, or 14.7 trillion crowns. The gap between the rich and the poor could be further widened by US President Donald Trump's policies, Oxfam America warned in a report released on Monday.
America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap's set to get wider under Trump
The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to President Donald Trump’s tax changes, job scarcity, and a looming recession
Oxfam: UNEQUAL: The Rise of a New American Oligarchy and the Agenda We Need
This past year has been indelibly shaped by concentrated wealth and power. The 10 richest U.S. billionaires got $698 billion wealthier, and the arrival of the world’s first trillionaire grew more imminent. The Trump administration—largely with the support of the Republican-controlled Congress—has moved with staggering speed and scale to carry out a relentless attack on working-class families, while enriching the wealthy and well-connected.
The wealth of the richest ten people in the United States has increased by nearly 700 billion dollars since Donald Trump became president, at the beginning of this year, reports The Independent reading an Oxfam report from the United States.
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