The media is just loving UFE’s new report! Here’s a piece by Robert Frank from CNBC (formerly of the WSJ Wealth Report).
DID YOU KNOW?
1 in 5 #Forbes400 members inherited sufficient wealth to make the list in 2011 @ufe #bornon3rdbase
FOUL BALL! Act now and join thousands of others in making the call on Forbes and urging them to tell the whole story of wealth and opportunity in the U.S., not just the glamorized tales of the 0.1% on the Forbes 400.
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#14 Mark Zuckerberg ($17.5 billion) was born into a comfortable, well-educated family. After studying at an exclusive preparatory school in New Hampshire, Zuckerberg went on to Harvard where he founded Facebook with a few of his roommates.
- Source: faireconomy.org
“What was illuminating was not so much who was on the [Forbs 400] list but what they collectively told us about the state of the richest of the rich… A large number of the Forbes 400 — “roughly 40 percent,” according to a group called United for a Fair Economy — inherited their wealth.
[Capital gains] is the tax break that most glaringly exists to benefit the wealthy. If you have any doubts about that, all you need to do is read the latest Forbes 400.”
Sam Pizzigati writes for Common Dreams how, like Mitt Romney, most Americans who amass grand fortunes have a substantial head start.
High-res
- Source: faireconomy.org
- Source: faireconomy.org
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Meet #20 on the Forbes 400: Forrest Mars, Jr. ($13.8 billion). Along with his two siblings, Junior inherited his grandfather’s candy company, Mars, Inc., now the largest candy company in the world. Along with 20% of the Forbes 400, Forrest inherited sufficient wealth to make the Forbes 400.
- Source: faireconomy.org
