Oxfam Report

Even richer the ten US 'Paperons': in one year they earned an extra $698 billion. Here is who they are

Wealth of US billionaires increases again and the social divide widens

Elon Musk, Jeff Bezos, Mark Zuckerberg

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

In the United States, the gap between rich and poor continues to widen. According to a new report by Oxfam America, the country's ten wealthiest billionaires have seen their combined wealth grow by an estimated $698 billion in the past year, an increase that accentuates the concentration of capital in the hands of a narrow economic elite.

The humanitarian organisation points out that while the fortunes of the richest reach record levels, millions of Americans face stagnant wages, rising prices, and increasing difficulties in accessing health care and education. Oxfam speaks of "growth that does not benefit the majority" and "an economy that continues to reward those at the top".

Loading...

The report notes that the pandemic, the digital transition, and tax policies favourable to large corporations have accelerated a process of economic polarisation that had already been underway for years. Many leading companies in the technology and financial sectors have posted record profits, pushing up share prices and, consequently, the personal fortunes of their major shareholders.

According to Oxfam, the reduction of taxes on the highest incomes and the progressive erosion of taxation on capital gains have made it more difficult to rebalance the system. In the United States, b>the wealth of billionaires has increased by 80% compared to ten years ago, while the real income of the poorest half of the population has remained almost unchanged. Oxfam points out that the gap between social classes is also reflected in the data on health, education and intergenerational mobility, with a growing number of families struggling to maintain their standard of living.

Who are the ten richest men in America

According to the latest rankings compiled by Forbes, the top of American wealth continues to be dominated by the big players in technology and finance. In first place is confirmed Elon Musk, founder of Tesla and SpaceX, with an estimated wealth of around $244 billion. His fortune is largely linked to Tesla's share value, but also to the growth of the private aerospace sector and his stake in X (formerly Twitter), which is now being restructured.

In second place is Jeff Bezos, founder of Amazon, with $197 billion. After leaving the operational leadership of the e-commerce giant, Bezos focused on his space company Blue Origin and investments in the media sector, but he remains the largest shareholder in Amazon, whose stock has recovered ground after the post-pandemic turmoil.

He is followed by Mark Zuckerberg, patron of Meta (Facebook, Instagram and WhatsApp), with $181 billion. His fortune has benefited from the sharp rise in Meta's share price, driven by results in the artificial intelligence sector and the internal reorganisation that has improved the group's profitability.

Larry Ellison, Warren Buffett, Larry Page, Sergey Brin

Larry Ellison, cofounder and chairman of Oracle, ranks fourth with $175 billion. His wealth is buoyed by the boom in cloud services, a sector in which Oracle has experienced steady growth. Ellison is also one of the largest shareholders in Tesla.

In fifth place is Warren Buffett, the legendary Omaha investor, with $150 billion. At 95, Buffett continues to lead Berkshire Hathaway, a conglomerate that controls dozens of companies in the insurance, energy and industrial sectors.

The sixth and seventh places are occupied by Larry Page and Sergey Brin, Google's co-founders, with assets of 136 and 130 billion dollars respectively. Both have reduced their operational presence in Alphabet, but continue to influence the company's strategic direction, especially in artificial intelligence and cloud computing projects.

Steve Ballmer, Bill Gates, Michael Bloomberg

In eighth place is Steve Ballmer, former CEO of Microsoft, with 123 billion dollars. After leaving the Redmond group, Ballmer diversified his interests, keeping a large share of Microsoft shares and investing in professional sports: he owns the Los Angeles Clippers of the NBA.

Bill Gates, co-founder of Microsoft, drops to ninth place with $107 billion. His wealth, reduced by years of philanthropic donations through the Bill & Melinda Gates Foundation, remains among the largest in the world. Gates continues to invest in projects related to healthcare, climate and sustainable energy.

The Michael Bloomberg, founder of the financial group of the same name and former mayor of New York, closes the ranking with 105 billion dollars. Bloomberg has built his fortune on economic and financial information and maintains a strong political and philanthropic influence, particularly in the fields of the environment and public health.

Copyright reserved ©
Loading...

Brand connect

Loading...

Newsletter

Notizie e approfondimenti sugli avvenimenti politici, economici e finanziari.

Iscriviti