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>>Even the mega-wealthy families of the robber-baron era are not that well represented in these lists. May be because bulk of that wealth is locked in Trusts.
by kamaal 10y ago
>>Even the mega-wealthy families of the robber-baron era are not that well represented in these lists.
May be because bulk of that wealth is locked in Trusts. And passed on through Trusts.
The Bezos, Zuckerberg's and Gates will leave behind Trusts which their descendants will inherit. You won't find their names in the richest person list in the next few decades. Their descendants will almost be as rich as the richest guy of their times. They will just be rich through a proxy.
- sologoub 10y agoAny sources of these stats? I've actually had "you probably have a trust fund" thrown at me in college because I drove a sports car, but I worked 3 jobs to afford it and pay for education/rent/etc, so apologies if I'm overly skeptical about the trust fund claim.
- xapata 10y agoIn your estimate, of the people driving sports cars during college, how many worked 3 jobs to pay for the car and college?