The German data company Datapulse released a report showing the vast and growing power of billionaires in the U.S. The report confirms your and my suspicions about the rigging of our economy and our politics. Surely it’s no surprise that Trump’s Cabinet is packed with billionaires. Guess who they are looking out for? Not you.

They cheered on Elon Musk’s ignominious DOGS as they slashed vital government programs. They didn’t complain when Musk closed USAID, causing the ultimate deaths of millions of children and parents because of the halt in US food, medicine and health clinics.

They are thrilled to see Trump send in the troops to halt protests against ICE tactics.

A democracy is supposed to be of the people, for the people, by the people. We are rapidly devolving into an autocratic regime where the rich run the show.

Here is what Datapulse found:

The report, “The Rich Aren’t Just Getting Richer—They’re Running the Show” moves beyond familiar headlines to provide fresh, specific data points on wealth, power, and policy.

Key findings include:

  • The Myth of “Tax Flight”: Contrary to popular narratives, the mega-rich are not fleeing high-tax states. Our data shows that California and New York, states with progressive tax codes, are home to 40% of all U.S. billionaires.
  • Explosive Growth: The number of U.S. billionaires has nearly tripled since 2007, growing from 329 to 877 today. This trajectory is unique to America; China’s billionaire class, by comparison, is stalling.
  • The Rise of the Billionaire Political Class: In the post-Citizens United era, the top 10 political donors, all billionaires, contributed over $420 million in the 2024 cycle alone, directly translating wealth into political influence.
  • Policy for the Few: The study analyzes the direct impact of billionaire-backed policy, such as the House’s 2025 “Big Beautiful Bill,” which could see billionaires gain over $390,000 in annual after-tax income while households earning under $51,000 see their incomes shrink.
  • Concentrated Wealth: Tech and Finance now account for nearly half of all U.S. billionaires, with tech titans alone commanding 37% of total billionaire wealth.

The full study with all 10 interactive charts is available here:
https://www.datapulse.de/en/billionaires-usa/ 

This data provides a new lens through which to view the intersection of wealth and power in America.

The report was compiled by Datapulse.


https://www.datapulse.de/en/
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