"The Institute for Policy Studies (IPS) report, citing data from Forbes, has found that U.S. billionaires' assets surged by a whopping 21 percent in 2025. The 935 billionaires in the U.S. now control $8.1 trillion in wealth, the analysis found - nearly double the amount of wealth held by the bottom 50 percent of Americans, which comprises over 170 million people. Roughly a dozen of these billionaires work in the Trump administration."
"The very richest billionaires saw the biggest gains. The top 15 richest people in the U.S. gained 33 percent in wealth last year, with their wealth skyrocketing from $2.4 trillion to $3.2 trillion - a gain of roughly $800 billion, IPS found. A significant portion of this gain was driven by the wealth accumulation of one person: Elon Musk, the richest man on earth. In 2025, Musk's wealth rose from $421 billion to $726 billion, a gain of $305 billion."
U.S. billionaires' assets increased sharply in 2025, rising 21 percent overall and totaling $8.1 trillion across 935 individuals. The combined wealth of those billionaires now equals nearly twice the wealth held by the bottom 50 percent of Americans, more than 170 million people. The top 15 richest Americans saw the largest gains, increasing their wealth from $2.4 trillion to $3.2 trillion, a rise of roughly $800 billion. Elon Musk accounted for a large portion of the gains, with his net worth rising from $421 billion to $726 billion in 2025. Roughly a dozen billionaires hold positions within the Trump administration, and major cuts to welfare benefits occurred during the same period.
Read at Truthout
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