Who are the wealthiest people in the US and where did they get their money? Half of the top 20 are from the computer industry and 9 of the top 25 are family heirs.
Four Waltons (stores) $80B, Gates (Microsoft) $59B, two Kochs (energy) $50B, three Mars (candy) $41B, Buffett (conglomerate) $39B, Ellison (Oracle) $33B
These few distort the numbers so greatly because their wealth is so great. Over a quarter trillion dollars with just that handful of people. Add the next bunch and there is another quarter trillion dollars. The top 25 added together are worth over half a trillion dollars.
The technology folks make up half of the top twenty and are all new wealth, made from working for a living. Their hard work and ideas created hundreds of thousands of jobs. Jeff Bezos $19B, Sergey Brinn $16.7B, Mark Zuckerberg $17.5B, Larry Page $16.7B, Michael Dell $15B, Steve Balmer $13.9B, Paul Allen $13.2B. Steve Jobs is way down the list with only $7B. Facebook produced 5 billionaires, Microsoft at least three and hundreds of millionaires. Apple also produced at least 300 millionaires.
Only 4 of the top 25 richest people in America made it from investing - Buffett companies and stocks, Soros and Paulson hedge funds, and Icann leveraged buyouts. Buffett and Soros are in their 80s, Kochs are 75, Mars are in their 70s and 80s.
It is difficult to estimate how many millions of people are employed by these few and how many lives have been made better by them. Difficult to fault them for being wealthy when we buy their stock, which accounts for the vast majority of their wealth.
-------------------