All billionaires under 30 have inherited their wealth, research finds

return2ozma@lemmy.world to News@lemmy.world – 466 points –
All billionaires under 30 have inherited their wealth, research finds
theguardian.com
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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.

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.

No one ever works their way to a billion dollars, even with a favorable start, they steal other people's work to do it, but other than that, yeah, he didn't inherit a billion dollars like everyone else. Which is why this list is about billionaires currently under 30.

I still think it takes more effort to coordinate the theft of others work etc to become a billionaire compared to simply inherently a billionaire dollars. But this doesn't mean I morally value either.

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.