Sam Bankman-Fried, Elon Musk, Mark Zuckerberg

Poll of the Day

darkknight109 posted...

This just strikes me as reverse-survivorship bias. If 1% of people with generational wealth translate it into billions and 99% piss it away, that still might mean it's the best predictor of extreme wealth if only 0.00001% of people without generational wealth become billionaires.

The fact that some people with "Trait X" do not display "Outcome Y" does not mean that Trait X is not positively correlated with and/or a predictor of Outcome Y.

Which isn't even close to true.

I won't go through all of them but here are the top 10 billionaries:

  1. Elon Musk - Came from money
  2. Jeff Bezos - Grew up poor/middle class
  3. Bernard Arnault - Came from money
  4. Mark Zuckerberg - Grew up middle class
  5. Larry Ellison - Grew up poor/middle class
  6. Larry Page - Came from money
  7. Sergey Brin - Debatable, since his family where Soviet refugees. However, both parents became very successful.
  8. Bill Gates - Came from money
  9. Steve Ballmer - Grew up poor
  10. Warren Buffett - Came from money

So like 50-60% are generational wealth? Which doesn't even account for the fact that some of those "Came from money" people (I.E. Bill Gates) came from parents that were barely millionaires at best.

My bookshelf: