Archive for September 21st, 2007
Give Me Your Tired, Your Poor
New York is a changin’
via Jackie Berg
The number of billionaires in New York City has more than tripled in the last year, according to the Forbes 400 report released today. The report also says that the total net worth of the 64 billionaires, compared to 45 last year, has risen 370 percent to $224 billion. In contrast, the net worth of the nearly two million city residents living below the federal poverty line remained about the same as the previous year, earning $3.45 billion. This means that the 65 richest New Yorkers have 64 times the money of the city’s 1.7 million poorest.
