“The collective wealth of US billionaires reached a record $9.24 trillion this month [June]—an increase of around $2.2 trillion compared to the same time last year—while millions of Americans struggled to afford groceries, healthcare, and other basic necessities as inflation driven by President Donald Trump’s illegal Iran war eroded their wages.
“America’s 15 centi-billionaires and now one trillionaire alone make up 43% of all billionaire wealth—an astounding $4 trillion—and their wealth is growing over twice as fast as fellow billionaires in the past year,” the group noted. “Just these top 16 billionaires hold more wealth today than every US billionaire combined in September of 2020, less than six years ago.””
From Common Dreams: Full report at:
https://www.commondreams.org/news/billionaire-wealth-new-high