US' 3 richest men have more wealth than half of the population

Bill Gates, Jeff Bezos, and Warren Buffet have more wealth than the poorest half of the US population.

In other words, the three richest men in the United States have a combined wealth that is greater than the combined wealth of 160 million people. 

Economists say that as wealth inequality is on the rise, it is not just an example of bad economics, but a moral crisis. 

According to a report by the Billionaire Bonanza thinktank, Forbes wealthiest 400 were worth more than the bottom 64 percent of the U.S. population and more than the GDP of the United Kingdom.

RELATED: Forbes 9 richest people in America, 2017

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Forbes 9 richest people in America, 2017
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Forbes 9 richest people in America, 2017

Larry Page: $44.6 billion

Source of wealth: Google

Age: 44

Residence: Palo Alto, California

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Michael Bloomberg: $46.8 billion

Source of wealth: Bloomberg LP

Age: 75

Residence: New York, New York

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6. David Koch: $48.5 billion

Source of wealth: Diversified

Age: 77

Residence: New York, New York

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6. Charles Koch: $48.5 billion

Source of wealth: Diversified

Age: 81

Residence: Wichita, Kansas

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5. Larry Ellison: $59 billion

Source of wealth: Software

Age: 73

Residence: Woodside, California

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4. Mark Zuckerberg: $71 billion

Source of wealth: Facebook

Age: 33

Residence: Palo Alto, California

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3. Warren Buffett: $78 billion

Source of wealth: Berkshire Hathaway

Age: 87

Residence: Omaha, Nebraska

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2. Jeff Bezos: $81.5 billion

Source of wealth: Amazon.com

Age: 53

Residence: Seattle, Washington

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1. Bill Gates: $89 billion

Source of wealth: Microsoft

Age: 61

Residence: Medina, Washington

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The report also says that Donald Trump’s proposed tax change would make matters worse. Eighty percent of tax benefits would end up going to the wealthiest one percent.

In 2010, Gates and Buffet founded the giving pledge, a campaign which encourages the world's billionaires to donate most of their wealth to philanthropic causes.  

As of 2017, the pledge has 158 signers.

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