Saturday, October 05, 2013

Fact of the Day

We’ve all heard that saying, the rich get richer and the poor get poorer. It is particularly true.  A study by BMO Private Bank reveals that only 7% of U.S. households with investable assets of $1 million or more now say they are worse off since the financial collapse.

Bill Gates of Microsoft fame continues to hold down the number one spot with a net worth of $72 billion, up from $66 billion, followed by Warren Buffet at $58.5 billion, up from $46 billion.

“Basically, the mega-rich are mega-richer,” said Forbes Senior Editor Kerry Dolan.

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