The rich are still rich

Rise of the Super-Rich Hits a Sobering Wall by David Leonhardt and Geraldine Fabrikant:

The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon.

John McAfee, of McAfee and Associates, the anti-virus software company, was worth $100-million. Now he’s worth a mere $4-million. Bummers? Or, just desserts? Either way, the rich are still rich.


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