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Most billionaires are self-made, and that proportion has increased since the 1980s: https://www.forbes.com/sites/luisakroll/2018/10/03/the-forbes-400-self-made
by smallnamespace 6y ago
Most billionaires are self-made, and that proportion has increased since the 1980s:
https://www.forbes.com/sites/luisakroll/2018/10/03/the-forbes-400-self-made-score-from-silver-spooners-to-bootstrappers/#6f839406cd90 https://www.forbes.com/sites/luisakroll/2018/10/03/the-forbe...
> Looking at the numbers over time, the data lead us to an interesting insight: In 1984, less than half the people on The Forbes 400 were self-made; in 2018, 67% of the 400 created their own fortunes.
- whimsicalism 6y agoTo be clear, I'm not saying that the US is entirely without mobility. Particularly for the billionaires, most of that wealth is not inherited - although much more of that mobility is from low millionaires -> billionaire than it is from poverty -> billionaire. You deleted your other comment about income and IQ. Worried that it would reflect badly when someone in the future would trawl through your account?