American Billionaires Grew Wealth by $340B in 2021; Middle Class Shrunk in Mandate-Crazy Economy

The richest billionaires in the United States grew their wealth by more than $340 billion over the last year, while the wealth held by the American middle class shrinks.

U.S. billionaires Elon Musk, Jeff Bezos, Bill Gates, Larry Page, Mark Zuckerberg, Sergey Brin, Steve Ballmer, Larry Elison, and Warren Buffett grew their combined wealth to about $341 billion in 2021, according to figures published by CNBC. . .

At the same time, the American middle class has seen a dramatic drop in wealth. The middle class includes 77.5 million U.S. households with an annual income of $27,000 to $141,000.

In October 2021, Breitbart News reported the top one percent of income earners in the U.S. now hold more wealth than the entire American middle class. Specifically, the middle class has seen its share of national wealth plummet to just 26.6 percent while the top one percent’s share of wealth has grown to 27 percent — the first time in U.S. history that the top one percent’s share of wealth has outpaced the middle class’s share of wealth. (Read more from “American Billionaires Grew Wealth by $340b in 2021; Middle Class Shrunk in Mandate-Crazy Economy” HERE)

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