7 mo. ago • 97%

All billionaires under 30 have inherited their wealth, research finds

www.theguardian.com All billionaires under 30 have inherited their wealth, research finds

Fifteen young billionaires are among the first wave of a $5.2tn transfer of wealth by the ageing super-rich

35 comments

“Self made billionaires” is propaganda. No billionaire is self made. Their billions were leeched off all the workers who created their wealth.

154
- It's also about who you know not what you know. The opportunity to get wealthy is only given to those the older wealth approve of. All the biggest names in tech built their monopolies on VC dollars.
  
  42
- I would just like to hear the opinions of the two dumb cunts who downvoted this. Do they think billionaires are genius visionaries who saved us plebs from lives of mundane squalor?
  
  8
  
  Where can you see upvote/downvote count?
  
  2
You don't fucking say.

It's almost like switching from monarchism and aristocracy to oligarchism and capitalism didn't really change much of anything. I'm very shocked.

74
Eat the rich.

53
- I've been sharpening all my knives
  
  5
- So brave
  
  -37
  
  You are irrelevant.
  
  7
26
Finally a study on this, nice. All those "no fucking shit" comments should be thankful someone actually proved this

24
That feels like a no shit sherlock statement

Who's establishing anything for themselves by 30? The prime business creation age is in the 40s and 50s IRC.

17
Not a fan of him by any means, but I believe the Zucc managed to become a billionaire at 23 without inheriting all or most of it like a bunch of these new young billionaires.

Still built his wealth off the back of others like any other billionaire, but I believe he's one of the more "self made" ones. Still couldn't have done it without family connections and risk-free loans most of us couldn't get, though.

12
- Didn't he go to Harvard? Its no like he started on the struggle bus like the majority of people.
  
  25
  
  He also went to Philips Exeter Academy beforehand.
  
  18
  
  Oh, most definitely.
  
  I meant that he actually had to work for what he made, rather than getting it as an inheritance, but he still had insanely favorable circumstances to start with.
  
  3
- Beats Notch. Notch would have been 34 when Microsoft bought Minecraft from him for MAX_UINT32 dollars. And other than expressing the wrong political views (but not especially throwing money at politics, mostly just tweets) he's one of the less evil billionaires.
  
  7
Is this supposed to be surprising?

10
I wonder how many poor people under 30 had their formerly middle class parents homes bought by the rich.

There used to be a saying "never sell the family farm". I suspect this came from a similar period of massive transfer of wealth to the rich.

1
They can cough it up or choke on the noose.

0
All current billionaires, people have made that amount before, they're just older now.

-11
Except Taylor Swift?

-19
- I thought she came from a wealthy family that used their influence to give her a huge advantage entering the music industry.
  
  Still, she has played her cards exceptionally well. But I don't think you can claim being self made when you had advantages that 99.9% of your competitors didn't have.
  
  39
- She's like 33
  
  20
  
  34 to be specific - I only know because I'm several months older than her, and it's always nice to have someone successful my age to compare myself to and feel worse about myself and how unsuccessful I am (I'm obviously joking a bit).
  
  22
  
  Wow what? I thought she's something like 37 or 38
  
  1
  
  For real? I seriously thought she was like 25
  
  -2
- Vitalik Buterin also just turned 30 at the end of January.
  
  4

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