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#6 and #7 on the list are the Koch brothers. Under the categories "inherited" or "self-made" Bloomberg lists them as "self-made". Only 29 of the 100 are liste
by CleanedStar 14y ago
#6 and #7 on the list are the Koch brothers. Under the categories "inherited" or "self-made" Bloomberg lists them as "self-made". Only 29 of the 100 are listed as having inherited their wealth. Ibn Saud's grandson, Alwaleed Al Saud is #16 and is also listed by Bloomberg as self-made. I guess even if you're the grandson of the guy your country is named after, you can still be listed as self-made by Bloomberg. Happy to see these self-made guys pulled themselves up by their bootstraps and became billionaires.
- adventured 14y agoIt's a fair point. So is the fact that it's extraordinarily easy to destroy vast amounts of wealth very quickly. Shirt sleeves to shirt sleeves in three generations, is a classic inheritance saying for a reason. Hand someone a large sum of money as inheritance and I would argue they're just as likely to destroy it as preserve it (much less grow it substantially). It's far easier to destroy $50 million than to multiply it by 1,000 times (which is what the Koch brothers did).
- arbuge 14y agoIndeed. The Koch brothers inherited a substantial business from their father... IIRC >$10m in inflation adjusted revenue today.