An unprecedented wealth surge concentrated $1 trillion among just 19 U.S. households in 2024, according to economist Gabriel Zucman’s analysis, The Wall Street Journal reported. The figure exceeds the size of Switzerland’s economy and highlights the growing disparity in U.S. wealth distribution. Tesla’s Elon Musk, Berkshire Hathaway’s Warren Buffett, and Amazon’s Jeff Bezos are among the group. A January Oxfam report also noted billionaire wealth surged by $2 trillion in 2024, deepening concerns about global inequality as 700 million people live in extreme poverty, per World Bank data. A January Oxfam report revealed billionaire wealth grew by $2 trillion in 2024, with Elon Musk leading at $433.9 billion. Five moguls are projected to become trillionaires within a decade.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02An unprecedented wealth surge concentrated $1 trillion among just 19 U.S. households in 2024,
00:09according to economist Gabriel Zuckman's analysis from The Wall Street Journal.
00:13The figure exceeds the size of Switzerland's economy and highlighting the growth of disparity
00:17in U.S. wealth distribution. Tesla's Elon Musk, Berkshire Hathaway's Warren Buffett,
00:21and Amazon's Jeff Bezos are among the group. A January Oxfam report also noted that billionaire
00:27wealth surged by $2 trillion in 2024, deepening concerns about global inequality as 700 million
00:34people live in extreme poverty per World Bank data. It also revealed that billionaire wealth grew by
00:40$2 trillion in 2024, with Elon Musk leading at $433.9 billion. Five moguls are projected to
00:47become trillionaires within a decade. For all things money, visit Benzinga.com slash GSTV.