(Source: The Guardian, September 16, 2013)
LONDON — Five years after the financial crisis, America’s super-rich have recovered all their losses to see their wealth reach an all-time high.
According to Forbes magazine the 400 wealthiest Americans are worth a record $2.02 trillion, up from $1.7 trillion in 2012, a collective fortune slightly bigger than Russia’s economy. In another sign of fizziness at the top of the economy, the cost to enter the billionaires’ club has also gone up to levels not seen since the 2008 crash. In 2013, an aspiring plutocrat needs at least $1.3bn to make the Forbes list – the highest since just before the collapse of Lehman Brothers sent stock markets plummeting.
Full story: The Guardian