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Did the 15 richest Americans gain as much wealth as the bottom 100 million?
This is certainly an interesting statistic, and the math generally adds up. But we are going to give it a Pinocchio for the reasons noted above. The net worth of the bottom 40 percent is dragged down significantly by the negative net worth of the bottom 15 percent. Moreover, the wealth of the nation’s billionaires is heavily impacted by the gyrations of stock market. Those caveats may be difficult to insert in a 30-second political ad, but it’s important to keep them in mind.READ MORE