The Astonishing Success of the Wealthy at Accumulating More Wealth

Image by Morgan Housel.

As of July 15, 2024, the latest figures from the Bloomberg Billionaires Index shows that the wealth of the 10 wealthiest U.S. citizens continues to surge ahead–by over 24.5% during the first part of the year, an increase of $336.9 billion, bringing their total wealth to $1.71 trillion or $1,710 billion. The increase in their wealth ranges from a low of $17.6 billion for Warren Buffet to a high of $48.5 billion for Mark Zuckerberg.

The 11th wealthiest U.S. citizen...