Soaring markets helped the richest 1% gain $6.5 trillion in wealth last year, according to the Fed - CNBC


4/1/2022 12:00:00 AM3 years 1 month ago
by Robert Frank

The wealth of the top 1% increased by $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve.

The wealth of America's wealthiest people, such as Warren Buffett and Jeff Bezos, increased by a total of $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, accordi… [+3535 chars]

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