Recent reports highlight a stark disparity in wealth distribution, with the wealthiest 10% of U.S. households, including figures like Nancy Pelosi, now owning a record share of nearly 93% of the stock market. This concentration of stock ownership persists despite record-high market participation. In a broader context, the top 1% of wealth holders in various countries, including the United States, possess a significant share of their nation's wealth, with the U.S. figure standing at 34.3%. Globally, the wealth of the world's richest individuals has surged, with the five richest men doubling their wealth from $405 billion to $869 billion since 2020, at a staggering rate of $14 million per hour. This rapid accumulation of wealth occurs as nearly five billion people around the world have become poorer, grappling with challenges such as inflation, conflict, and climate change. Oxfam warns that this trend could lead to the emergence of the world's first trillionaire.
The world’s five richest men have more than doubled their fortunes to $869bn (£681.5bn) since 2020, while the world’s poorest 60% – almost 5 billion people – have lost money https://t.co/jtxyffpTxv
Oxfam warns of first trillionaire. The 5 richest men saw their fortunes rise by 114% between Mar 2020 and Nov 2023, Oxfam found. This elite group's net worth rose to $869bn from $405bn between 2020 and 2023, the organization said - translating to $14mln an hour. https://t.co/LQhYdK4BdJ
Oxfam has reported that the combined fortunes of the world's five wealthiest men have soared from $405 billion in 2020 to a staggering $869 billion last year. https://t.co/WXu7hwjD7K
The wealth of the world’s five richest men more than doubled since 2020 | At the same time, nearly 5 billion people globally have become poorer, as they contend with inflation, war and the climate crisis. https://t.co/PqVnYcyByr
World's richest men 'double their wealth' - as Oxfam warns of first trillionaire https://t.co/gqNwo4mvcb
This should be illegal. The wealth of the world’s five richest men more than doubled since 2020 | CNN Business https://t.co/ckylEX61lH
“The world's five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer." https://t.co/UtaYncbv6a
Since 2020, 5 Richest Have Doubled Wealth, 5 Billion Have Become Poorer https://t.co/RI3leqCmb2 https://t.co/EVONOmWgUZ
World’s five richest men double their money as poorest get poorer https://t.co/qZh0pGRFWM
“The wealth of the three richest Australians has more than doubled since 2020 at a staggering rate of $1.5 million per hour, new Oxfam analysis reveals.” https://t.co/V3d7nKLlJg
The world’s richest men have doubled their wealth since 2020. https://t.co/Wbh6pBguw0
The top 13% of people have 85% of the world's wealth. https://t.co/MAXcnG9A1P https://t.co/8nyGezD5Z8
The richest 10% of people, like Nancy Pelosi now own 93% of ALL stock market wealth in the US. The highest ever!!
"About 93% of U.S. households' stock market wealth is held by the top 10%." It is deeply pernicious that the media uses the state of the stock market as a proxy for the health of the economy. https://t.co/24JtyJU9Y9
The ultra-rich now own a record share of stocks - with the wealthiest 10% of Americans (like Nancy Pelosi) holding 93% of US stock market wealth https://t.co/ycDV10LFjv https://t.co/DNY6gVUuRH
Share of wealth held by top 1% 🇧🇷 Brazil: 48.4% 🇮🇳 India: 41% 🇺🇸 United States: 34.3% 🇨🇳 China: 31.1% 🇩🇪 Germany: 30% 🇰🇷 South Korea: 23.1% 🇮🇹 Italy: 23.1% 🇦🇺 Australia: 21.7% 🇫🇷 France: 21.2% 🇬🇧 UK: 20.7% 🇯🇵 Japan: 18.8% (Global Wealth Report 2023)
About 93% of U.S. households' stock market wealth is held by the top 10%. https://t.co/4RzOecpS8c https://t.co/hBb8etddR8
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high https://t.co/ueHmLmjEhS
The wealthiest 10% of U.S. households now own nearly 93% of the stock market. https://t.co/4RzOecpS8c https://t.co/ywdzNejkLk
Absurd stat of the day The wealthiest 10% of US households now own nearly 93% of the stock market, per @Axios https://t.co/9bum8JnCVK