Sen. Bernie Sanders he criticized the growing wealth disparity in the country, citing the shocking rise in the fortunes of a few billionaires.
His comments come as Elon Musk becoming the first person in history to amass a net worth of approximately $750 billion.
Sanders Slams Rising Billionaire Wealth
On Friday, Sanders took to X to express his concern about the rise in income and the wealth gap in the U.S. He pointed out that while millions of Americans are struggling to afford basic needs, the combined wealth of 10 billionaires has increased by $730 billion in 2025.
Don’t miss:
The former presidential candidate wrote on X, “The great economic crisis of our time is growing income and wealth inequality. While millions of Americans struggle to pay rent, buy food, or afford health care, 10 billionaires got $730 billion richer in 2025.”
Citing Forbes data, he described the situation as “immoral and unsustainable,” and called for action to combat the oligarchy.
The great economic crisis of our time is increasing inequality in income and wealth.
While millions of Americans struggle to pay rent, buy food, or afford health care, 10 billionaires got $730 billion richer in 2025.
This is immoral and unsustainable.
We must defeat the oligarchy. pic.twitter.com/fVhRJqqWuG
— Bernie Sanders (@BernieSanders) 26 December 2025
Trending: Americans With A Financial Plan Can 4X Their Wealth — Get Your Personalized Plan from CFP Pro
Musk’s Net Worth Hits Historic Highs
Musk’s net worth has increased by more than $333 billion in 2025, with an average daily increase of about $935 million, according to Forbes, making him the top of the global wealth rankings.
Forbes reported that the combined wealth of more than 3,100 billionaires in the world increased by $3.6 trillion in 2025 to $18.7 trillion. The 10 biggest gainers, including Musk, added more than $729 billion.
Notably, six of the ten billionaires on the list, including Nvidia (NASDAQ:NVDA) CEO Jensen Huang and Meta Platforms (NASDAQ:META) CEO Mark Zuckerbergthey are american.
See also: Buffett’s Secret to Wealth? Private Real Estate—Get yourself Institutional Access
The Wealth Inequality Debate Intensifies
The issue of wealth inequality has been a hot topic in the United States for some time.
In 2025, a billionaire lawyer John Morgan warned that the growing income gap could push the nation to breaking point. However, his proposed solutions faced criticism.
Earlier in the year, a finance influencer Vivian Tu He predicted that wealth disparity will worsen in 2025 due to the President’s economic policies Donald Trump.
Jamie DimonCEO of JPMorgan Chase (NYSE:JPM), argued that the key to addressing inequality is to grow the economy for everyone, not just the top earners.
Consumer spending has also been significantly affected by the growing wealth disparity. Lower income families are feeling more and more excluded, while higher income families are spending more and seeing faster wage growth.
Read Next: Wall Street’s $12B Real Estate Manager Is Opening Its Doors to Individual Investors – Without the Crowdfunding Middlemen
Photo: Shutterstock
Up Next: Transform your business with Benzinga Edge’s unique market trading ideas and tools. Click now to access unique insights that can put you ahead in today’s competitive market.
Get the latest stock analysis from Benzinga:
This article Bernie Sanders Slams ‘Immoral and Unsustainable’ Wealth Inequality, Calls to End Oligarchy Amid Rising Billionaire Fortunes originally appeared on Benzinga.com