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How Yard Sales Could Explain the Rise of Billionaires and Challenge Libertarian Thinking

by Ken MacVey By many measures wealth inequality in the US and globally has increased significantly over the last several decades. The number of billionaires has increased at a staggering rate. Since 1987, Forbes has systematically verified and counted the global number of billionaires.

Since 1987, Forbes has systematically verified and counted the global number of billionaires. In 1987, Forbes counted 140. Two decades later Forbes tallied a little over 1000.

Two decades later Forbes tallied a little over 1000. It counted 2000 billionaires in 2017. In 2024 it counted 2,781, and in March this year it counted 3,028 billionaires (a 50% increase in the number of billionaires since 2017 and almost a 9% increase since 2024).

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