Saturday Oct 22, 201107:25 PM GMT
Who is top 'one percent' in US?
Sat Oct 22, 2011 7:27PM
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Anti-corporatism protesters across the United States are not satisfied with the econoimc situation, saying that only one percent of the country's population has the nation's wealth.


Among the top one percent category are the following:

Warren Buffett...................USD 39 billion (Berkshire Hathaway)
Charles Koch.....................USD 25 billion (Koch Industries Inc)
George Soros.....................USD 22 billion (Soros Fund Management)
Sheldon Adelson................USD 21.5 billion (Las Vegas Sands Corp)
Michael Bloomberg.............USD 19.5 billion (Bloomberg L.P)
John Paulson......................USD 15.5 billion (Paulson & Co)
Carl Icahn............................USD 13 billion (Viacom)
Anne Cox Chambers.................USD 12 billion (Cox Enterprises)
Ronald Perelman.......................USD 12 billion (MacAndrews & Forces Holdings Inc)
Abigail Johnson.....................USD 11.7 billion (Fidelity Investments)

But the list of the rich is longer than just a few names. Many believe there are a number of less publicized tycoons who have amassed an absolute fortune and like other corporations they were unaffected by economic fluctuations such as the 2008 recession and the costly wars in Iraq and Afghanistan have not had any substantial bearing on their political and economic prowess.

Nearly 2,000 people have been arrested across the US simply for participating in peaceful protests against top level corruption.

Protesters blame Wall Street and big corporations for their country's deepening crisis, saying they have had enough of capitalism and want an end to economic inequality.

Protesters say they represent 99 percent of Americans mainly the middle class.

"What I would say is that people are incredibly eager to put questions of economic inequality back on the table in a way that is acceptable to the 99 percent of the American people," one protester said.

Protesters believe that their lives have been negatively affected by the one percent of Americans who have accumulated huge wealth by means of corporatism.

They also ask why only one percent of the population of over 300 million should pocket almost 40 percent of the nation's wealth as the one percent rich own half of America's stocks and bonds.

AGB/HGH
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