Skip to playerSkip to main content
  • 2 days ago
A new Oxfam report says America’s wealth gap widened sharply in 2025, with the 10 richest billionaires gaining $698 billion while the bottom 50% hold just 1% of stock market wealth. The report warns Trump-era tax policies could further benefit the ultra-rich and raise burdens on lower-income households. Musk could secure a $1T Tesla pay package pending shareholder approval.

Category

🗞
News
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02America's wealth gap widened sharply in 2025 as the 10 richest billionaires added $698 billion
00:08to their net worth. According to a new Oxfam report, the top 0.1% now hold a nearly quarter
00:14of U.S. stock market value, while the bottom 50% own just 1%. The report found that the top 0.1%
00:20also control a record 12.6% of U.S. assets, with the average 99th percentile household
00:26gaining $8.35 million since 1989, versus $83,000 for the median. Oxfam warned that Trump-era tax
00:33policies, including the One Big Beautiful Bill Act, could deepen inequality by lowering taxes
00:38for the ultra-wealthy and raising burdens for low-income households. Nearly all of America's
00:42top billionaires have benefited from the tech and AI boom. Musk could secure a $1 trillion
00:46pay package, heading approval of Tesla's shareholder meeting on Thursday.
00:50For all things money, visit Benzinga.com.
Be the first to comment
Add your comment

Recommended