American Billionaires’ Wealth Grew Substantially While the Middle Class was Pinched Economically in 2021

America’s leading billionaires saw their wealth substantially balloon over the last year. According to John Binder of Breitbart News, these billionaires grew their wealth by over $340 billion in the last year. In the same period, the American middle class’ wealth shrank.

According to a report by CNBC, American billionaires Elon Musk, Jeff Bezos, Bill Gates, Larry Page, Mark Zuckerberg, Sergey Brin, Steve Ballmer, Larry Elison, and Warren Buffett witnessed their combined wealth grow to about $341 billion in 2021.

Elon Musk, the cofounder of Tesla, grew his wealth by $121 billion over the past year. This increase in wealth was the greatest for any other billionaire in the world. In the meantime, Amazon executive chairman Jeff Bezos saw his total wealth grow to $195 billion.

Bill Gates, of Microsoft fame, now holds approximately $140 billion in wealth. Google cofounder Larry Page possesses around $130 billion after increasing his wealth by $47 billion in 2021. Mark Zuckerberg, the CEO of Meta, the company that owns Facebook, Instagram, and WhatsApp, has a net wealth of roughly $128 billion due to a wealth increase of $24 billion in 2021.