The yearly Forbes 400 list of the wealthiest Americans discovered that the net worth of the super-rich has climbed during the last 12 months. The income gap continues to widen, as the middle class recedes.
Where have the prosperous been?
There was a 13 percent boost in the net worth of the 400 wealthiest people in the nation during the last year, an increase of $1.7 trillion, according to Forbes. NBC News explained that the 400 people make up about 12.5 percent of the country.
There has also been an increase in the average net worth of each of the 400. It has grown to $4.2 billion per person.
There was an increase in income for 261 of the 400, mostly because of the rebounding real estate industry and stock growth.
Same people as always
The top five from 2011 did not change to be Gates, Warren Buffett, Larry Ellison, Charles and David Koch (tied for fourth) and Christie Walton. There were the expected names.
During the last year, Warren Buffett saw his worth rise by $7 billion, which is the same growth as Gates at the top of the list. Gates' fortune is not at $66 billion, and he has been on top of the list for 19 years. A bigger increase was seen with Larry Ellison who saw an $8 billion increase in his net worth.
Not everyone succeeds
Mark Zuckerberg lost about half of his net worth when Facebook went public this year, so his net worth is only $9.4 billion this year. That is one big exception the increasing.
Massive gap
In a separate study last week, the Economic Policy Institute found that the gap between the wealthiest Americans and the typical family has more than doubled in the last half-century. According to the report, the country's top one percent of earners made about 125 times that of a middle-income household in 1961. In 2010, it had escalated to a ratio of 288 to one.
The worth of the rich is increasing despite the fact that most Americans are seeing decreases in wealth recently.
The Economic Policy Institute report learned that the gap was increased a ton since the Good Recession started, despite the truth that it has been happening for a long time.
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