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turbinetree

(26,369 posts)
Mon Jul 21, 2025, 07:09 PM Yesterday

Nine households control 15% of wealth in Silicon Valley as inequality widens

Report finds that wealth divide widened in Silicon Valley at double the rate of the whole US over the past decade

Cecilia Nowell
Mon 21 Jul 2025 17.17 EDT
Last modified on Mon 21 Jul 2025 17.24 EDT

Economic inequality has reached a staggering milestone in Silicon Valley: just nine households hold 15% of the region’s wealth, according to new research from San Jose State University. A mere 0.1% of residents hold 71% of the tech hub’s wealth.

The findings come from the 2025 “Silicon Valley Pain Index”, a report published by SJSU’s Human Rights Institute each year since 2020. The report aims to quantify “structured inequalities” in Silicon Valley, and measures “pain” as “both personal and community distress or suffering”.

This year’s index reports that the wealth divide has widened in Silicon Valley at double the rate of the whole United States over the past decade. The nine wealthiest households in the valley control $683.2bn – a $136bn increase over the past year.

https://www.theguardian.com/us-news/2025/jul/21/silicon-valley-income-wealth-gap

This is just totally messed up...........

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Nine households control 15% of wealth in Silicon Valley as inequality widens (Original Post) turbinetree Yesterday OP
The stock market favors tech and tech is concentrated in Silicon Valley newdeal2 Yesterday #1
What is scary is that they hold over 638 billion with a B in wealth.............while the entire state hold 6 trillion.. turbinetree Yesterday #2
Yes. The founders of these companies have a lot of stock newdeal2 Yesterday #3
I think of Pay Pal and Theil.......... turbinetree Yesterday #4
Surprisingly he's not that wealthy from the latest reports newdeal2 Yesterday #5
I thought Ellison is mostly in Hawaii fujiyamasan Yesterday #6
Time to markie Yesterday #7

turbinetree

(26,369 posts)
2. What is scary is that they hold over 638 billion with a B in wealth.............while the entire state hold 6 trillion..
Mon Jul 21, 2025, 07:25 PM
Yesterday

yikes................

newdeal2

(3,422 posts)
3. Yes. The founders of these companies have a lot of stock
Mon Jul 21, 2025, 07:36 PM
Yesterday

Meta, Google, and Nvidia are likely what’s driving this concentration. It would be even worse if Musk was still a resident.

newdeal2

(3,422 posts)
5. Surprisingly he's not that wealthy from the latest reports
Mon Jul 21, 2025, 07:58 PM
Yesterday

Only $20b or so.He’s also in LA now.

I’m not sure where Larry Ellison lives but he might be another one.

fujiyamasan

(484 posts)
6. I thought Ellison is mostly in Hawaii
Mon Jul 21, 2025, 08:25 PM
Yesterday

Didn’t he buy an island or something?

I just looked it up. He owns 98%(!) of Lanai, the sixth largest island. Insane.

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