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The richest get richer, young wealthy catching up

The richest get richer, young wealthy catching up
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Yes, the rich really are getting get richer.

The latest calculations of the wealthiest Americans showed that those at the top of the list are significantly richer in 2013 than they were last year – an average net worth per individual of $5 billion dollars, up from $4.2 billion in 2012.

Their total wealth climbed 19 percent in the last year.

Atop the list compiled by Forbes magazine for another year was Bill Gates, with a net worth of $72 billion dollars (54 billion euros).

Youngest is the 29-year-old king of social media Mark Zuckerberg at $19 billion dollars (14 billion euros).

The oldest, at 98, is David Rockerfeller Snr., who inherited his family’s oil wealth and is worth 2.8 billion (2.09 billion euros).

Separate research for the Fidelity Millionaire Outlook revealed younger Americans are accumulating wealth at a faster speed than their baby boomer counterparts.

Many are from the technology and internet world, entrepreneurs who are parlying their ideas into big bucks.

The survey found the younger rich spend more aggressively, but also give more to charity.