Park Avenue’s Billionaires: How They Stay That Way

Park Avenue’s Billionaires: How They Stay That Way

Park Avenue: Money, Power and the American Dream is the riveting new documentary by Academy Award-winning filmmaker Alex Gibney (Taxi to the Dark Side, Enron: The Smartest Guys in the Room), which presents his perspective on the increasingly glaring disparity between rich and poor Americans. Gibney contends that America’s wealthiest citizens have rigged the game in their favor, creating an unprecedented degree of financial inequality in the United States.

Gibney proposes that this is nowhere more evident than on New York City’s Park Avenue. 740 Park Avenue in Manhattan is currently home to the highest concentration of billionaires in America. However, just across the river, less than five miles away, Park Avenue runs through the South Bronx, an area that is home to the poorest congressional district in the United States.

In Park Avenue: Money, Power and the American Dream, Gibney states that while income disparity has always existed in America, over the last 40 years it has accelerated sharply. As of 2010, the 400 richest Americans controlled more wealth than the bottom 50 percent of the population, or 150 million people. In the film, Gibney explains why he believes upward mobility is increasingly out of reach for both members of the middle class and the poor.

Park Avenue’s Billionaires: How They Stay That Way

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