Paul L. Caron
Dean


Tuesday, January 14, 2020

Wealth Of World’s Richest Rose 25% In 2019; Jeff Bezos Stays #1 Despite $9 Billion Divorce

Bloomberg News, World’s Richest Gain $1.2 Trillion in 2019 as Jeff Bezos Retains Crown:

The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion.

Bloomberg

Such gains are sure to add fuel to the already heated debate about widening wealth and income inequality. In the U.S., the richest 0.1% control a bigger share of the pie than at any time since 1929, prompting some politicians to call for a radical restructuring of the economy.

“The hoarding of wealth by the few is coming at the cost of peoples’ lives,” Representative Alexandria Ocasio-Cortez, a self-described democratic socialist, said in a Dec. 12 tweet as the U.K. began to vote. ...

Amazon‘s Jeff Bezos was down almost $9 billion, but that drop is because of his divorce settlement with MacKenzie Bezos. The e-commerce titan is still ending the year as the world’s richest person after Amazon shares jumped on Thursday.

https://taxprof.typepad.com/taxprof_blog/2020/01/wealth-of-worlds-richest-rose-25-in-2019-jeff-bezos-stays-1-despite-9-billion-divorce.html

Tax, Tax News | Permalink

Comments