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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.

The 935 billionaires in the U.S. now control $8.1 trillion in wealth, the analysis found — nearly double the amount of wealth held by the bottom 50 percent of Americans, which comprises over 170 million people. Roughly a dozen of these billionaires work in the Trump administration.

The very richest billionaires saw the biggest gains. The top 15 richest people in the U.S. gained 33 percent in wealth last year, with their wealth skyrocketing from $2.4 trillion to $3.2 trillion — a gain of roughly $800 billion, IPS found.

A significant portion of........

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