Zuckerberg becomes centibillionaire. What is a centibillionaire?

Today, Mark Zuckerberg's net worth passed $100 billion. Since his market cap is above $100 billion, Mark is a centibillionaire. Personally, this term is a new one for me. A centibillionaire is a person that has a net worth of $100 billion or more. Jeff Bezos is considered to be the world's wealthiest man. He is in the centibillionaire club. In addition, today's blog post centers on Income and new terminology. While centibillionaire is part of the new terminology, some people may wonder what is the regular wage for middle class America. Middle Class America has a salary range of $45,000 to $136,000. This range is for a family of 4 people that includes two parents, and 2 kids. The real question is can you survive off of the salary of $65,000 to $70,000, or another higher income. This question fits into the problem of income inequality, in this country. Next, Kirsten Gillibrand and Bernie Sanders have introduced the Make Billionaires Pay Act. Ed Markey is a Democratic senator from Massachusetts, and he worked with Gillibrand and Sanders on this $731 billion tax plan. This plan is a 60% tax on the windfall wealth increases of billionaires during this pandemic. It is done to pay for all out-of-pocket medical expenses, for every person in America for a year. In 2019, Alexandria Ocasio Cortez and Sanders worked on another bill regarding the taxation of the wealthy .001% in the USA. Furthermore, the Forbes 400 list started in 1982. This list is published annually by Forbes magazine, and it compiles a good number of people that have the most wealth in the US. Some of these affluent individuals are doing more to accumulate wealth, like Bezos who has owned the Washington Post also. The list depicts the shift in finances, philanthropy, and leadership positions. Bill Gates may not be CEO of Microsoft, but he is big into philanthropy thanks to the Bill and Melinda Gates Foundation. In this penultimate paragraph, let's discuss the Forbes 400 wealthiest americans list. Jeff Bezos and Bill Gates were #1 and #2 respectively in the 2019 list. Bezos ex-wife, Mackenzie; joined the list with $36 billion. That number is #15 on the list. The gap between Bezos and Gates is $8 billion. Warren Buffett, Mark Zuckerberg, and Larry Ellison rounded out the top 5 list of wealthiest americans. In closing, the reader might be fascinated by the different names of wealth in this blog post. See the picture of Bill Gates and Jeff Bezos, at the top of this post. Most of the billionaires have an entreprenurial mindset, creativity, and a relentless work ethic. One great idea can make a billionaire amass their wealth, but it may take some failures before their big success takes off. These characteristics set billionaires apart from the common folk.