US EditionOxfam: Wealth of 10 Richest Americans Grew by Nearly $700B Last Year
Oxfam America reports the top 10 US billionaires increased their wealth by $698 billion amid a shutdown causing SNAP benefit cuts for 41 million Americans.
- On Saturday, the Trump administration froze Supplemental Nutrition Assistance Program funds, causing benefits for more than 42 million Americans to expire amid the government shutdown.
- New Oxfam analysis indicates the top 10 billionaires increased their fortune by $698 billion over the past year, linking growth to President Donald Trump’s ‘Big, Beautiful Bill.’
- In 2025, the share of total US assets owned by the wealthiest 0.1% reached its highest on record: 12.6%, following historical data showing a 987-fold wealth disparity between top and bottom households .
- USDA emailed grocery stores Sunday warning discounts for those hurt by SNAP cuts violate the SNAP Equal Treatment Rule, and MSNBC anchor Catherine Rampell reported at least two stores withdrew discounts after.
- Oxfam recommends rebalancing power and taxing the rich, as Abby Maxman warned that the Trump administration and Republicans risk turbocharging that inequality.
21 Articles
21 Articles
The wealth of the richest ten people in the United States has increased by nearly 700 billion dollars since Donald Trump became president, at the beginning of this year, reports The Independent reading an Oxfam report from the United States.
Only in the last 12 months the total wealth of the first 10 billionaires of America has increased by 698 billion dollars. The calculation comes from Oxfam America, which in the new report on inequalities published on Monday calls into question both the structural problems that politics has never seriously addressed both the policies of Donald Trump. The report, titled Unequal: The rise of a new American oily and the agenda we need, shows how the…
10 Richest Americans Have Gained $700 Billion in Wealth Since Trump Reelection
"The new American oligarchy is here," said the CEO of Oxfam America. "Billionaires and mega-corporations are booming while working families struggle to afford housing, healthcare, and groceries."
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