In a devastating display of economic hardship, America's 19 wealthiest households somehow managed to survive 2024 with only $1 trillion in new wealth, reports The Wall Street Journal. That's barely more than Switzerland's entire economy – how will they cope?
These brave souls — including Elon Musk and Jeff Bezos — now control a mere 1.8% of America's total household wealth. That's only $2.6 trillion, barely enough to end world hunger 26 times over while still maintaining a fleet of "eggplant"-shaped rockets.
Even though the 0.00001% logged history's biggest single-year wealth increase, the bottom 50% of Americans saw their wealth share drop from 2.7% to 2.4%. If the world were fair, billionaires would be increase their wealth faster than the poors lose theirs, right? Besides, it's their fault for not trying hard enough to inherit Walmart!
Previously:
• Tech billionaires rush to congratulate Trump on social media
• Tech billionaires censor Seth Rogen for telling too much truth at science award show
• The world's richest 2000 billionaires could wipe out extreme poverty with one seventh of what they gained last year
• Tom the Dancing Bug: All the President's Billionaires
• IRS goes after gig workers instead of billionaire tax dodgers
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