A look at the common traits of the richest Americans.
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There are 513 billionaires in America, according to Forbes, though only
400 of those make its annual list of the richest Americans. It's just
one of the many signs that the rich just keep getting richer. In fact,
the wealth of the top 400 richest Americans totaled an astounding $2.29
trillion last year, which is $270 billion higher than the year before.
Meanwhile, the average member of that list has a net worth of $5.7
billion, which is $700 million more than the previous year. Suffice it
to say, the richest Americans are better off than they have ever been.Strangely familiar stories
Driving their staggering net worth is one undeniably common trait. They each own business assets that have become "compounding machines," as Warren Buffett likes to call them. Some of them started these businesses themselves, while others inherited or acquired their wealth creating businesses. What is clear from looking over the list is that no one on the list became a billionaire by being a salaried employee, unless of course that salary carried with it copious stock options giving them an outsized ownership stake in the business.
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