The 400 richest Americans are now worth a combined USD 2 trillion, according to Forbes.
That sets a record, Forbes said, and marks a jump from last year`s total of USD 1.7 trillion.
The average net worth of a Forbes 400 member is now USD 5 billion-also the highest ever. And the costs of being part of the 400 Club rose to USD 1.3 billion.
But it`s the USD 2 trillion number that remains the most interesting. The 400 richest are now worth more than the GDPs of many nations-and they are worth more than most governments spend or tax.
Here is some perspective on what the 400 richest Americans are really worth.
- USD 2 trillion is more than the combined net worth of half of all Americans. The bottom half, of course.
- USD 2 trillion is more than the annual GDP of Italy, Mexico or Canada.
- USD 2 trillion is equal to the Federal Reserve's holdings of publicly traded US Treasurys.
- USD 2 trillion is the estimated size of the underground economy, mostly unreported income.
- USD 2 trillion would fund all government spending through July of this year.
- USD 2 trillion is equal to about two-thirds of all taxes to be collected in the US for 2013.
- USD 2 trillion would pay for all of the existing home sales in the US in 2012 AND2013 year-to-date.
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