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
“Self made billionaires” is propaganda. No billionaire is self made. Their billions were leeched off all the workers who created their wealth.
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.
Finally a study on this, nice. All those "no fucking shit" comments should be thankful someone actually proved this
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.
Didn't he go to Harvard? Its no like he started on the struggle bus like the majority of people.
He also went to Philips Exeter Academy beforehand.
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.
Is this supposed to be surprising?
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.
They can cough it up or choke on the noose.
All current billionaires, people have made that amount before, they're just older now.
Except Taylor Swift?
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.
She's like 33
Wow what? I thought she's something like 37 or 38
Vitalik Buterin also just turned 30 at the end of January.