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Meet the 15 richest family-wealth dynasties in the US, who have a combined net worth of $618 billion

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  • The fortunes of wealthy family dynasties in the US have been increasing, according to a new report by the Institute for Policy Studies
  • The report looked at the 15 wealthiest family dynasties from the Forbes 400 list and found they have a combined wealth of $618 billion.
  • Since 1982, the combined wealth of the top three families has increased by 5,868%, totaling $348.7 billion.

Income inequality in America is getting worse, and dynastic wealth, which has been bemoaned by Warren Buffett, may be one of the reasons why.

The left-leaning Institute for Policy Studies' "Billionaire Bonanza" report examined the growing concentration of wealth in the US by looking at 15 dynastically wealthy families from the Forbes 400 list and data from the Federal Reserve's Survey of Consumer Finance.

"Each of these family's wealth comes from companies started by an earlier generation, either a parent or more distant ancestor," the report said. "Each of them also represents a wealth dynasty passing generation to generation free from interruption."

Read more: How the billionaire Koch brothers became 2 of the most influential political donors in America

They found that the median American family owns just more than $80,000 in household wealth, while the 15 family dynasties own a combined $618 billion.

Since 1982, the combined wealth of the top three families — the Waltons, the Kochs, and the Marses — increased by 5,868%, totaling $348.7 billion.

Here's a closer look at how they and the rest of the wealthy dynastic families from the Forbes 400 built their wealth, ranked from lowest net worth to highest net worth. The estimated total wealth for each family is a sum of each individual family member's wealth listed on the Forbes 400 and does not include the wealth of any family members not on the Forbes 400.

Note that the Forbes 400 doesn't encompass all of America's wealthy dynastic families — some individual family members have less than the $2.1 billion in personal wealth needed to make the list.

SEE ALSO: The 25 richest American families, ranked

SEE ALSO: US inequality is only getting worse, and the 'dynastic wealth' bemoaned by Warren Buffett may be one of the reasons why

15. The Cathy family is worth $11 billion thanks to its fried-chicken fortune.

Source: The Billionaire Bonanza Report



The family's wealth comes from fast food chain Chick-fil-A, founded in 1967 by Samuel Truett Cathy.

Source: Forbes



His sons, Bubba and Dan, share the family's wealth, with a fortune of $5.5 billion each.

Source: The Billionaire Bonanza Report



See the rest of the story at Business Insider

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