Black People : Who Are The One Percent in America?

Discussion in 'Black People Open Forum' started by oldsoul, Oct 19, 2011.

  1. OldSoul

    OldSoul Permanent Black Man PREMIUM MEMBER

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    Who Are The One Percent in America?
    By Press TV

    The following are the largest full-service global investment banks which usually provides both advisory and financing banking services, as well as the sales, market making, and research on a broad array of financial products including equities, credit, rates, currency, commodities, and their derivatives.

    1. Bank of America
    2. Barclays Capital
    3. Citigroup
    4. Credit Suisse
    5. Deutsche Bank
    6. Goldman Sachs
    7. JPMorgan Chase
    8. Morgan Stanley
    9. Nomura Securities
    10. UBS
    11. Wells Fargo Securities


    Commercial Banks
    The following are the top ten commercial banks in the U.S. in terms of revenue in 2010. (Fortune 500)

    1. Bank of America Corp. .......... $134.19 billion
    2. JP Morgan Chase & Co. .......... $115.47 billion
    3. Citigroup .......... $111.05 billion
    4. Well Fargo .......... $93.24 billion
    5. Goldman Sachs Group .......... $45.96 billion
    6. Morgan Stanley .......... $39.32 billion
    7. American Express .......... $30.24 billion
    8. US Bancorp .......... $20.51 billion
    9. Capital One Financial .......... $19.06 billion
    10. Ally Financial .......... $17.37 billion


    Petroleum Refining
    The following are the top ten U.S. petroleum refining firms in terms of revenue in 2010. (Fortune 500)

    1. Exxon Mobil .......... $354.67 billion
    2. Chevron .......... $196.33 billion
    3. Conoco Philips .......... $184.96 billion
    4. Valero Energy .......... $86.03 billion
    5. Marathon Oil .......... $68.41billion
    6. Sunoco .......... $35.54 billion
    7. Hess .......... $34.61 billion
    8. Murphy Oil .......... $23.34 billion
    9. Tesoro .......... $20.25 billion
    10. Holly .......... $8.32 billion


    Aerospace & Defense
    The following are the top ten U.S. corporations in aerospace and defense in terms of revenue in 2010. (Fortune 500)

    1. Boeing ........... $64.30 billion
    2. United Technologies .......... $54.32 billion
    3. Lockheed Martin ........... $46.89 billion
    4. Northrop Grumman .......... $34.75 billion
    5. Honeywell International ........... $33.37 billion
    6. General Dynamics .......... $32.46 billion
    7. Raytheon .......... $25.18 billion
    8. L-3 Communications .......... $15.68 billion
    9. ITT .......... $11.15 billion
    10. Textron .......... $10.52 billion


    Motor Vehicles & Parts
    The following are the top ten U.S. manufacturing companies of motor vehicles and parts in terms of revenue in 2010. (Fortune 500)

    1. General Motors .......... $135.59 billion
    2. Ford Motor .......... $128.95 billion
    3. Chrysler Group .......... $41.94 billion
    4. Johnson Controls .......... $34.30 billion
    5. Goodyear Tire & Rubber .......... $18.83 billion
    6. TRW Automotive Holdings .......... $14.38 billion
    7. Navistar International .......... $12.14 billion
    8. Lear .......... $11.95 billion
    9. Paccar .......... $10.29 billion
    10. Oshkosh .......... $9.84 billion


    American Millionaires
    The number of Americans who are millionaires is about one percent of the population.

    Of the 435 members of the House, 244 current members of Congress are millionaires - that's about 46 percent and that includes 138 Republicans and 106 Democrats, according to the Center for Responsive Politics, a nonpartisan watchdog group that tracks money in politics. In fact, there are probably many more millionaires in Congress, since lawmakers don't have to include the value of their family home and other details.

    In 2010, the average winner of a House race spent $1.5 million for his/her campaigns. The average Senate winner spent close to $10 million. Closely contested races are much more expensive. And about half of that money, on average, comes from an elite group of very wealthy donors.

    Wealthy Americans have more access to lawmakers than most regular voters and constituents do, according to the Center for Responsive Politics.

    The median net worth for a current member of the U.S. House of Representatives was $725,000 in 2009, according to the Center for Responsive Politics, and the media net worth of a U.S. Senator was $2.4 million.

    The richest member of Congress is Darrel Issa, whose net worth was valued between $156 million and $451 million.

    Here is a list of the 20 wealthiest current members of Congress and their average net worth, according to the Center for Responsive Politics, based on their financial reports covering calendar year 2009. (Open Secrets)

    1. Rep. Darrell Issa (R-Calif.) .......... $303 million
    2. Sen. John Kerry (D-Mass.) .......... $238 million
    3. Sen. Mark Warner (D-Va.) .......... $174 million
    4. Rep. Jared Polis (D-Colo.) .......... $160 million
    5. Sen. Herb Kohl (D-Wis.) .......... $160 million
    6. Rep. Vernon Buchanan (R-Fla.) .......... $148 million
    7. Rep. Michael McCaul (R-Texas) .......... $137 million
    8. Sen. James Risch (R-Idaho) .......... $109 million
    9. Sen. Jay Rockefeller (D-W.Va.) .......... $98 million
    10. Sen. Richard Blumenthal (D-Conn.) .......... $94 million
    11. Sen. Dianne Feinstein (D-Calif.) .......... $77 million
    12. Sen. Frank Lautenberg (D-N.J.) .......... $76 million
    13. Rep. Nancy Pelosi (D-Calif.) .......... $58 million
    14. Rep. Gary Miller (R-Calif.) .......... $51 million
    15. Sen. Bob Corker (R-Tenn.) .......... $50 million
    16. Rep. Diane Lynn Black (R-Tenn.) .......... $49 million
    17. Rep. Rodney Frelinghuysen (R-N.J.) .......... $43 million
    18. Rep. Richard Berg (R-N.D.) .......... $39 million
    19. Rep. Nita Lowey (D-N.Y.) .......... $39 million
    20. Rep. Kenny Marchant (R-Texas) .......... $38 million


    American Billionaires
    The following is a list of top 20 American billionaires issued by the Forbes 400 in 2011.


    1. Bill Gates from Microsoft .......... $59 billion
    2. Warren Buffet from Berkshire Hathaway .......... $39 billion
    3. Larry Ellison from Oracle .......... $33 billion
    4. Charles Koch from diversified .......... $25 billion
    5. David Koch from diversified .......... $25 billion
    6. Christy Walton from Wal-Mart .......... $24.5 billion
    7. George Soros from hedge funds .......... $22 billion
    8. Sheldon Adelson from casinos .......... $21.5 billion
    9. Jim Walton from Wal-Mart .......... $21.1 billion
    10. Alice Walton from Wal-Mart .......... $20.9 billion
    11. S. Robson Walton from Wal-Mart .......... $20.5 billion
    12. Michael Bloomberg from Bloomberg LP .......... $19.5 billion
    13. Jeff Bezos from Amazon.com .......... $19.1 billion
    14. Mark Zuckergerg from Facebook ........... $17.5 billion
    15. Surgey Brin from Google .......... $16.7 billion
    16. Larry Page from Google .......... $16.7 billion
    17. John Paulson from hedge funds ........... $15.5 billion
    18. Michael Dell from Dell .......... $15 billion
    19. Steve Ballmer from Microsoft .......... $13.9 billion
    20.Forrest Mars from candy .......... $13.8 billion


    Source: http://www.informationclearinghouse.info/article29432.htm
     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    That is some mad loot :).
     
  3. Mikha'el

    Mikha'el Well-Known Member MEMBER

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    WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO ^_^
     
  4. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Actually, if you include personal residence, 7% of Americans are millionaires. If you don't include personal residence, the number dips to 4%.

    The beautiful thing about the Forbes list is, 40 years ago, there were less than 10 billionaires in America. Today, there are well over 1,000.
     
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