A new analysis finds that the richest 15 billionaires in the U.S. saw their wealth skyrocket by nearly $1 trillion in the first year of President Donald Trump’s second term, which also contained one of the single largest cuts to welfare benefits in U.S. history.
The Institute for Policy Studies (IPS) report, citing data from Forbes, has found that U.S. billionaires’ assets surged by a whopping 21 percent in 2025.