Center for Political Awareness

America’s 806 Billionaires are Now Richer Than Half the Population Combined—a Lot Richer

They have 57 percent more wealth, all told, than 65 million US households. (Click image for article.)

Illustration: Mother Jones; Getty

 

Are you better off now than you were when Donald Trump was president? That’s a dumb question for Republicans to pose, because the answer by most measures would be, “Oh, heck yes!” But plenty of people feel otherwise, either because they are down a right-wing rabbit hole or because the poorer half of the population wasn’t doing great before the pandemic and they’re still really not doing so well.

You know who is? Billionaires.

As of April 1, according to the latest analysis of Forbes data by the nonprofit Americans for Tax Fairness (ATF), the combined wealth of the nation’s 806 billionaires—their population rises and falls with the markets—had reached a record $5.8 trillion. That’s more than $7 billion a head and nearly double their total holdings in late 2017, when congressional Republicans unilaterally rammed through a package of widely unpopular tax “reforms” skewed in favor of America’s most affluent. 

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