Billionaires Have Trump to Thank: How the Mega-Rich Raked In $500 Billion in 2019

[ck4829]

The Trump economy is continuing to march forward, and the rich are now collectively worth $5.9 trillion. Heading into 2020, billionaires are likely to get even richer.

A rise in market liquidity, a low benchmark interest rate, and the strong upsurge in U.S. stocks will further boost the mega-wealthy over the next 12 months.

According to Bloomberg, 172 billionaires in the U.S. raked in $500 billion in 2019, with Facebook CEO Mark Zuckerberg and Microsoft co-founder Bill Gates earning $27.3 billion and $22.7 billion respectively.

Most of the ultra high net worth individuals saw large gains in their wealth due to the recovery of the stock market and emerging assets.

https://www.ccn.com/billionaires-thank-trump-mega-rich-raked-billions-2019/

[moose65]

1. Disgusting

27.3 billion dollars in one year? I can’t wrap my head around that. Something is seriously fucked up in this country if one person earns that much. That is more than the annual budget of a lot of states! It’s ridiculous.

[SammyWinstonJack]

2. Deplorable!