[shovelquest]

Originally Posted by loramin [You must be logged in to view images. Log in or Register.]

FTFY

Hmm ru sure?

Research from sources like Forbes and studies on wealth generation often show that a significant number of billionaires, especially in the U.S., are self-made. In fact, Forbes' 2023 Billionaires List indicated that around 67% of U.S. billionaires are self-made, meaning they did not inherit their wealth but accumulated it through business ventures or investments (Forbes Africa).

There is also this.

"Shirtsleeves to Shirtsleeves in Three Generations": A widely cited adage, often attributed to various cultures, suggests that wealth tends to dissipate by the third generation. In the U.S., it's noted that about 70% of wealthy families lose their wealth by the second generation, and 90% lose it by the third generation . This implies that a significant proportion of those born into wealth do not manage to keep it through subsequent generations.

So glad we have chat GPT and other AI systems to help clear up things!