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DC News Now | Washington, DC

DC News Now | Washington, DC

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Business & Economics

Meet the world’s newest wealth class: ‘Superbillionaire’

DC News Now | Washington, DC
Summary
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74% Informative

According to The Wall Street Journal , there are now two dozen people in the world whose net worth is at least $50 billion .

Elon Musk has a net worth of about $419 billion , which is more than two million times as much as the typical American household.

The top 1% now owns one-third of America ’s wealth.