Richest 0.00001% saw their share of wealth increase tenfold since 1982


In the United States, the share of total household wealth owned by the wealthiest 0.00001 percent has grown tenfold since 1982, according to a new paper by economists Emmanuel Saez and Gabriel Zucman.

‘Wealth concentration has increased particularly fast during the Covid-19 pandemic,’ they write.

The richest 0.00001 percent of the US consisted of 18 individuals with a net worth exceeding $50 billion in wealth in 2021, which was a banner year for the ultra-wealthy. 

In the United States, the share of total household wealth owned by the wealthiest 0.00001 percent has grown tenfold since 1982, rising especially quickly last year

In the United…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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