The income gap between the rich elite and the diminishing class is wider than it was a year ago. According to Forbes, much of the 400 richest people in the nation saw their net worth boost since this time in 2011.
Where have the prosperous been?
There was a 13 percent increase in the net worth of the 400 wealthiest people in the nation over the last year, a rise of $1.7 trillion, according to Forbes. NBC News explained that the 400 people make up about 12.5 percent of the country.
The typical net worth of the elite 400 was $4.2 billion, the highest it has ever been.
Forbes discovered that 261 of the richest 400 all saw their income go up. The increases in wealth were attributed to stock growth and a rebounding real estate market.
Hardly anybody new rich
The top five from 2011 did not change to be Gates, Buffett, Larry Ellison, Charles and Koch (tied for fourth) and Christie Walton. There were the expected names.
The worth of Gates increased $7 billion to $66 billion. The chairman of Microsoft has been at the top of the list for the last 19 years. There was an $8 billion boost seen by Larry Ellison of Oracle Group despite the belief that Warren Buffett only saw his worth rise by $7 billion.
Zuckerberg not doing well
There was a big exception to the increasing with Mark Zuckerberg who had his net worth really cut in half when Facebook went public. He is only worth $9.4 billion now.
More of gap than people want
In 1961, the top one percent of earners in the nation made 125 times more than the typical middle-income household. In 2010, that number jumped to 288 percent compared to the average middle-income earner. In the last century, the gap between the rich and the poor has more than doubled, according to the Economic Policy Institute.
The worth of the wealthy is increasing regardless of the fact that most Americans are seeing decreases in wealth lately.
Even though there is a trend that has been going on for a while, the gap widened a ton after the Great Recession and increased exponentially.
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