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Ten Men, $1 Trillion, and the Personalization of American Capitalism

Forbes just released its ranking of the richest individuals in the world.  Topping the list is Frenchman Bernard Arnault of LVHM, the fashion and cosmetics empire, with a net wealth of $211 billion.  Yet if we focus simply the  ten wealthiest in the wo…

Forbes just released its ranking of the richest individuals in the world.  Topping the list is Frenchman Bernard Arnault of LVHM, the fashion and cosmetics empire, with a net wealth of $211 billion.  Yet if we focus simply the  ten wealthiest in the world, seven of them are located in the US, with a combined wealth of $786 billion.  The ten richest Americans, including the likes of Elon Musk, Jeff Bezos,  Larry Ellison, and Michael  Bloomberg,  total $1 trillion dollars.  And this list does not even include the Waltons who own the Walmart empire or the  Koch family.  Of the twenty-five richest individuals in the world seventeen are American. More

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