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Old billionaires are dying faster than new billionaires are being created (by things other than inheritance). Or more precisely, the total wealth of the billio
by AnimalMuppet 3y ago
Old billionaires are dying faster than new billionaires are being created (by things other than inheritance). Or more precisely, the total wealth of the billionaires who have died is bigger than the total wealth of billionaires who became billionaires by something other than inheritance.
But this wasn't true a decade ago. So wealth creation (at billionaire scale) is slowing down?
- cowpig 3y agoI suspect that wealth creation peaked generations ago, and now the richest generation is dying. Also could be that tax "avoidance" is at an all-time high is a contributing factor.
- suoduandao3 3y agoOr a lot of billionaires are dying right now (Charlie Munger comes to mind)