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yes, I don't think folks appreciate how many people have made fortunes very recently. When Forbes first made their billionaire list in 1987, the counted 140 aro
by missedthecue 5y ago
yes, I don't think folks appreciate how many people have made fortunes very recently. When Forbes first made their billionaire list in 1987, the counted 140 around the world.
Today, there are 228 billionaires around the world with fortunes greater than $10 billion, and 1299 worth at least $2.4 billion, which is the current value of $1 billion 1987 dollars.
Most of this is due to the explosion of capital markets, lower interest rates, and a huge part of the global economy freeing up. It's not because they made a bunch of other people worse off.
- deleted 5y ago[deleted]