Walmart heirs' net worth exceeds that of population of a city the size of Phoenix


It's grown 6,700% since 1983, to $144.7B in 2013 -- greater than the net worth of 1,782,020 average Americans.

Everybody knows that middle-class incomes have stagnated while those of the richest Americans have skyrocketed, but trend is even more pronounced when you look at the relative fortunes of the super-duper rich. Consider the Walmart heirs: Since 1983, their net worth has increased a staggering 6,700 percent. According to a report released today by the union-backed Economic Policy Institute, here's how many Americans earning the median income it would have taken to match the Waltons' wealthin a given year.

The Walmart Heirs Are Worth More Than Everyone in Your City Combined [Josh Harkinson/Mother Jones]

(Image: Aerial Photography: San Jose, Santa Clara and Vicinity, Joe Wolf, CC-BY-SA)

Start the discussion at bbs.boingboing.net