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hacksoncode t1_je37ujv wrote

Reply to comment by unscannablezoot in We're assured that qualifications are essential, but none of the very richest people got their wealth from theirs by pufballcat

Not so much, really... it only takes a couple of generations to divide that up so that the "very richest" are the ones that, themselves, started companies that became worth billions.

Only 3 of the top 100 billionaires inherited their wealth (Walton family). There are 22 "families" on that list... the individual members largely wouldn't hit the list (and those "families" are ones where they together built the family business, not through inheritence).

It is true, though, that many top billionaires were supported by their rich-but-not-top-echelon families in starting their businesses.

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unscannablezoot t1_je49yrl wrote

Okay so my point still stands and you've pretty much added nothing other than rich people after a few generations will not be rich.

Also your statistic about only 3 on the top 100 inherited their wealth is wrong.

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