America's Richest Have Never Controlled This Much of the Nation's Income as Top 0.00001% Hits Record 12%

The wealthiest of the wealthy now control a record 12% of U.S. national income, marking the highest level on record as gains in stocks and real estate continue to boost asset values.

Share Has Quadrupled Since 2008 Citing data from the Financial Times, The Kobeissi Letter in a post on X said the wealth of the top 0.00001% of Americans has more than quadrupled relative to U.S. national income since the 2008 financial crisis.

The market commentator added that the measure never exceeded 1% between the 1950s and the 1990s, highlighting the sharp acceleration in wealth concentration over the past two decades.

With the U.S. population at roughly 342.6 million, the top 0.00001% represents about 34 individuals.

The richest Americans have never controlled this much wealth:The wealth of the top 0.00001% of Americans is up to a record ~12% of US national income.National income measures the total income earned across the economy, including wages, business profits, and investment income.… pic.twitter.com/QwRV6Jkn7X— The Kobeissi Letter (@KobeissiLetter) July 16, 2026 Read Also: GameStop CEO Ryan Cohen Won't Give Up on eBay Pursuit, Says 'We're Coming for eBay One Way or Another' Stocks And Housing Drive The Surge The Kobeissi Letter attributed the increase to record gains in the equity market and rising real estate prices, saying the appreciation in financial and property assets has disproportionately benefited the nation's wealthiest households.