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"New York Times": How the number of billionaires in the US has increased in just eight years
2026-03-04 23:09:07 / BOTA
The billionaire "class" in the United States is experiencing an unprecedented increase in wealth, significantly deepening the economic gap and increasing its influence in politics and decision-making.
According to an analysis published by The New York Times, the wealth of the richest 1% in the US has grown at a much faster rate than the rest of the population, especially after 2017. The fiscal policies of the Donald Trump administration, including tax cuts for businesses and high-income individuals, are considered one of the factors that have driven this growth.
Record growth of billionaires
In just eight years, about 350 new people were added to the list of American billionaires. From 2017 to 2025, the number of billionaires in the US increased by about 50%, surpassing the 900 mark, according to some estimates.
During the same period, the net worth of the richest Americans has increased by 120%, compared with a 45% increase in the previous period. According to Federal Reserve data, the richest 1% of households – with a minimum net worth of $11.1 million – now own about $25.6 trillion in stocks and mutual funds, an amount equal to what the bottom 99% of the population owns.
More than half of this value is in the hands of the richest 0.1%, indicating an even more extreme concentration of capital at the top of the economic pyramid.
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