Of particular interest are the elements of Oxfam’s analysis, according to which the 10 richest Americans They won $ 365 billion in the last year, rather than a brief concern on the market, with the MaskIn fact, to be on the right track to become the first trillionaire in the world.
In essence, the stunning increase in wealth is equivalent to a profit of approximately 1 billion dollars per day For richest Americans, according to CNN, while only Elon Musk became richer by $ 186 billion.
On the contrary, the average American worker was getting a little over $ 50,000 in 2023. Oxfam found that they will need 726,000 years for 10 American workers with average income to make so much money.
Findings come at a time when Republicans are discussing a costly bill which, according to independent experts, will make the rich even richer and will significantly reduce the funds nearly $ 1 trillion from basic social security programs.
“The wealth of billionaires has increased astronomically, and so many ordinary people are struggling to get out,” Rebecca Ridel, head of economic and racial justice policy at Oxfam America, told the report.
Elon Musk became richer by $ 186 billion
To measure the profits of the richest people, Oxfam studied estimated wealth changes of the top 10 in the Forbes real -time billionaire list Between late April 2024 and late April 2025.
Only Elon Musk, the richest man in the world and Managing Director of Tesla, is responsible for a little more than half of the total increase of wealthwith his net wealth increased by $ 186.1 billion in this time.
Indeed, in an analysis that had been made last fall, it was found that Elon Musk was on the right track to become the first trillionaire in the world, as CNN typically reports.
Mark Zuckerberg and the others
The net assets of the head of Meta, Mark Zuckerberg, and Walmart’s heir, Rob Walton, increased by $ 38.7 billion each.
The legendary investor Warren Bafet won $ 34.8 billion, While Walmart’s heir, Jim Walton $ 36.5 billion. Some billionaires, such as Google’s co -founders, Larry Page and Sergei Brin, They lost money during this time.
What will the bill bring
Legislators are discussing whether and how they will extend the 2017 Tax Law on Donald Trump’s Tax Law. The bill that has proceeded with the House of Representatives will make all of the tax reliefs of individual income from the 2017 law and will temporarily reduce taxes and overtime taxes.
Legislation, known as «One Big Beautiful Bill Act», It would increase the resources for US households on average, according to a new analysis of the Congress’s non -party budget (CBO). However, these earnings will not be distributed evenly.
Household resources will be reduced by 4% in 2033 for 10% of lower incomesaccording to the CBO. In contrast, 10% of the richest income would win 2% in this time due to lower taxes.
Profits from the bill will be disproportionate to the rich, according to the analysis. Top 10% of incomes will receive about two -thirds (65%) of the total value of the legislation, while households at the lower 20% will lose about $ 1,035 in 2026 due to cuts in Medicaid, food coupons and other changes, according to the Penn Wharton budget model.
The White House, however, says Trump’s fiscal priorities will help Americans prosper, extending the benefits of his first term.
The discussion comes as the concerns rise on the debt of America’s $ 36 trillion.
Moody’s evaluation house has downgraded its excellent credit rating for the United States since 1917, due to concerns about increasing public debt over the last decade and high interest payments.
The White House has argued that the Republican taxation bill will help address these concerns by reducing spending. OR Karoline Leavitt, White house secretary said on Monday that extensive legislation would not increase the deficit.