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The report says 16% inherited their wealth. That means that 56% of people who earned their wealth (ie not inherited) did so as entrepreneurs.
by dotBen 16y ago
The report says 16% inherited their wealth.
That means that 56% of people who earned their wealth (ie not inherited) did so as entrepreneurs.
- candeira 16y agoYour calculation assumes that entrepreneurs and people who inherited their wealth are disjoint sets. Not so: many rich entrepreneurs got their start in life and fortune by inheriting a successful company.
- thinkingeric 16y agoNot to mention that they can inherit 'assets' other than wealth: connections, experience, confidence, cushion, as well as less consequential financial support that just makes their lives a bit more fulfilling.
- jedberg 16y agoSome of them did it as employees. You can earn a million over your lifetime as a doctor in a hospital or whatnot.