Priscilla Chan and Mark Zuckerberg. Photo: Ian Tuttle/Getty Images for Breakthrough Prize

The world's 500 richest people added $1.2 trillion to their collective net worth in 2019, boosting their holdings by 25% to $5.9 trillion, according to Bloomberg.

Why it matters: Income inequality has become a key issue for politicians around the globe, highlighted by the fact that the wealthiest 0.1% of Americans now hold a larger share of wealth at any point since 1929 — the start of the Great Depression.

Winners:

  • New billionaires in 2019 include White Claw creator Anthony von Mandl, cosmetics maven Kylie Jenner and Takeaway.com founder Jitse Grown.
  • The 172 American billionaires on Bloomberg's list added a collective $500 billion to their net worth. Facebook CEO Mark Zuckerberg was up $27.3 billion and Microsoft co-founder Bill Gates increased his wealth by $22.7 billion.
  • China now has 54 billionaires, second only to the U.S.

Losers:

  • WeWork’s Adam Neumann is still a billionaire, but the company's valuation imploded from $47 billion to $8 billion during the year.
  • Rupert Murdoch's fortune dropped by about $10 billion after proceeds from Fox's sale of assets to Disney were distributed among his children.

Go deeper: Billionaire philanthropists turn money into influence

Go deeper

Updated 18 mins ago - Politics & Policy

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Illustration: Aïda Amer/Axios

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Dion Rabouin, author of Markets
1 hour ago - Economy & Business

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.