An unprecedented wealth surge concentrated $1 trillion among just 19 U.S. households in 2024, according to economist Gabriel Zucman’s analysis, The Wall Street Journal reported. The figure exceeds the size of Switzerland’s economy and highlights the growing disparity in U.S. wealth distribution. Tesla’s Elon Musk, Berkshire Hathaway’s Warren Buffett, and Amazon’s Jeff Bezos are among the group. A January Oxfam report also noted billionaire wealth surged by $2 trillion in 2024, deepening concerns about global inequality as 700 million people live in extreme poverty, per World Bank data. A January Oxfam report revealed billionaire wealth grew by $2 trillion in 2024, with Elon Musk leading at $433.9 billion. Five moguls are projected to become trillionaires within a decade.
