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> 86% billionaires of our generation didn’t have billionaire parents. How many of them had hundred-millionaire parents? The way wealth has grown for the super
by rurp 6y ago
> 86% billionaires of our generation didn’t have billionaire parents.
How many of them had hundred-millionaire parents? The way wealth has grown for the super rich over the past few decades is staggering. Children of wealthy parents attaining far greater wealth than their parents has been the norm in America for generations now, it's not some exceptional accomplishment.
- inglor_cz 6y agoI don't think that multiplying your parents' wealth is only confined to the already wealthy class. I make about ten times as much as my mother did, although we are both university educated. The difference is that I can sell my products on the Internet to a much wider audience. That was a serious multiplier which affected a lot of people and businesses, even on the lower end of the scale. But I am very definitely not a USD-millionaire and likely won't ever be.