@c10 I think that’s right: many people have negative net worth (more debt than assets), such that the average net worth of the least wealthy 43 million households (note: HH, not people) is roughly $220.93 each.
I heard back from Dan Kopf, the author, and he conceded the point (that if Trump’s cabinet had $0 in assets, it would still be richer than the poorest third of US households put together), but he didn’t seem interested in amending or withdrawing the article.
@kingannoy Re: Obama’s cabinet, regardless of the precise wealth estimate one has for Obama’s cabinet, one would arrive at about the same number of households with equivalent aggregate net worth if you had a cabinet with $0 in assets vs. a $9.5B cabinet. So the specifics of Obama’s cabinet aren’t really an input.
