Conversation

The 19 wealthiest U.S. families now control 1.8%—or $2.6 trillion—of the nation's total household wealth.
In 2024, those ultrarich households saw the largest single-year wealth increase on record.
The Wall Street Journal noted in its Wednesday analysis
—based on data from Forbes, Fortune, and the Federal Reserve
—that the families in Zucman's "research on the top 0.00001% in the U.S. are worth at least $45 billion per household
and include Elon Musk, Jeff Bezos, Mark Zuckerberg, Bill Gates, Warren Buffett, and private-equity investor Stephen Schwarzman."
Their wealth is largely tied up in the U.S. stock market, which rose more than 23% in 2024.
The richest 10% of U.S. households control 93% of stock market wealth, according to the Federal Reserve.
https://www.commondreams.org/news/19-richest-us-families