![]() ![]() It wasn't all smooth sailing for these 11. On the flip side, many millions of Americans are out of work or living paycheck to paycheck (or unemployment check to unemployment check) as the case may be. The total wealth of these 11 multi-billionaires is greater than the combined GDPs of Austria and Belgium, for instance. ![]() From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen." For the record, at Celebrity Net Worth, we see 11 billionaires totaling that $1.1 trillion, not 12. ![]() A study done by the Program on Inequality at the Institute for Policy Studies commented on this development, saying: "This is simply too much economic and political power in the hands of twelve people. Since the beginning of the COVID-19 pandemic and its related shutdowns of the economy, a number of the world's billionaires have seen their net worths absolutely explode. This is an absolutely insane concentration of wealth and power. Yet, that is exactly what the 11 richest people in the world control in their combined net worths – well, $1.106 trillion, to be exact. ![]()
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