Surging stock market, Trump policies boost wealth for top 1%

Elon Musk became the world's first trillionaire through the SpaceX IPO, highlighting wealth concentration in the U.S. The top 1% held 31.9% of the nation's wealth in 2025, up from 22.5% in 1990, driven by stock market gains and Trump-era policies. Economists like Thomas Piketty link this trend to policy choices and warn of historical parallels to pre-Great Depression inequality.