Despite the stalled economy, the nation's wealthiest are worth a combined $1.53 trillion, nearly equivalent to the GDP of our neighbor Canada. Their total wealth is up 12 percent in the year through August 26, when we took a snapshot of everyone's net worth, meaning these affluent folks did slightly better than the markets; the S&P 500, for instance, was up 10 percent in that time.
But it's not simply a case of the rich getting richer. The Forbes 400 grows more meritocratic over time. An...Full Story