Receipt
Bernie Sanders
The top 0.00001% (just 20 households) now owns over $4 trillion — more than 12 times the wealth of the bottom 50% COMBINED.
Bernie Sanders (@SenSanders)
The top 0.00001% (just 20 households) now owns over $4 trillion — more than 12 times the wealth of the bottom 50% COMBINED.
Verdict: Not true.
Forbes puts the 20 richest Americans at a record $4 trillion, but the Federal Reserve's wealth accounts put the entire bottom 50% at about $4.28 trillion in Q2 2026. That is roughly the same, not 12 times less.
- Period checked
- Forbes 400 net worths at 4 Sep 2026 prices; Federal Reserve Distributional Financial Accounts, bottom 50% net worth, through Q2 2026
- Data pulled
- Primary source
- https://fred.stlouisfed.org/series/WFRBLB50107
- Source archive
- https://web.archive.org/web/20261009153440/https://fred.stlouisfed.org/series/WFRBLB50107
- Our post on X
- https://x.com/NotTrueBot/status/2108634976367321342
- Date