According to Forbes, the United States has more billionaires than any other country in the world, with 442 wealthy elites having a combined wealth of $1,872.5 billion. I can’t even wrap my mind around that much wealth. The average fortune of each of the 442 billionaires in the U.S. is $4.2 billion, and two states — California and New York — claim around 111 of the billionaires.
You can see by the map below there is a ton of money stuffed into the pockets of a very few.
The elite acquired their vast wealth by either earning it or inheriting it. Approximately half started businesses to acquire their wealth, while the other half inherited their wealth — as with Sam Walton of Walmart’s heirs, Jim (Arkansas), Alice (Texas) and Christy Walton (Wyoming). Their combined inherited wealth is $107.7 billion.
Bill Gates is the wealthiest American with a net worth of approximately $80 billion (Washington) and Warren Buffett (Nebraska) comes in second at approximately $70 billion.
A Princeton PhD, was a US diplomat for over 20 years, mostly in Eastern Europe, and was promoted to the Senior Foreign Service in 1997. For the Open World Leadership Center, he speaks with
its delegates from Europe/Eurasia on the topic, "E Pluribus Unum? What Keeps the United States United." Affiliated with Georgetown University for over ten years, he shares ideas with students about public diplomacy.
The papers of his deceased father -- poet and diplomat John L. Brown -- are stored at Georgetown University Special Collections at the Lauinger Library. They are manuscript materials valuable to scholars interested in post-WWII U.S.-European cultural relations.
This blog is dedicated to him, Dr. John L. Brown, a remarkable linguist/humanist who wrote in the Foreign Service Journal (1964) -- years before "soft power" was ever coined -- that "The CAO [Cultural Affairs Officer] soon comes to realize that his job is really a form of love-making and that making love is never really successful unless both partners are participating."