The American ‘oligarchy’ Biden denounced as a threat to democracy gained $1.5 trillion in net worth during his term
The richest 100 Americans gained $1.5 trillion in wealth during President Biden’s term in office, and Tesla CEO Elon Musk’s net worth more than doubled during that time. The richest Americans, decried by President Biden in his farewell address as an “oligarchy” threatening democracy, fared exceptionally well during his time in office.