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return2ozma@lemmy.world to News@lemmy.world · 1 year ago

All billionaires under 30 have inherited their wealth, research finds

www.theguardian.com

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All billionaires under 30 have inherited their wealth, research finds

www.theguardian.com

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
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Fifteen young billionaires are among the first wave of a $5.2tn transfer of wealth by the ageing super-rich
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  • WhatsThePoint@lemmy.world
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    1 year ago

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

    • solomon42069@lemmy.world
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      3 months ago

      deleted by creator

    • blandfordforever@lemm.ee
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      1 year ago

      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?

      • This is fine🔥🐶☕🔥@lemmy.world
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        1 year ago

        Where can you see upvote/downvote count?

        • Hotdog Salesman@programming.dev
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          1 year ago

          It usually depends on what app you’re using. Desktop and a couple apps display it by default or when hovered. Others might not show it at all because they’re built off reddit apps which doesn’t show it separated

  • Drusas@kbin.social
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    1 year ago

    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.

  • RemoveEgoDivineFreedom@lemmy.world
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    1 year ago

    Eat the rich.

    • n3m37h@lemmy.dbzer0.com
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      1 year ago

      I’ve been sharpening all my knives

    • Cold_Brew_Enema@lemmy.world
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      1 year ago

      So brave

      • RemoveEgoDivineFreedom@lemmy.world
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        1 year ago

        You are irrelevant.

        • Cold_Brew_Enema@lemmy.world
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          1 year ago

          eAt tHe rICh

          • nomous@lemmy.world
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            1 year ago

            This but for real.

  • tal@lemmy.today
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    1 year ago

    Removed by mod

    • hydroptic@sopuli.xyz
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      1 year ago

      'ol Zucky took a $100,000 loan from his father to found Facebook. Much self made, such from scratch.

      • DaleGribble88@programming.dev
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        1 year ago

        There is absolutely truth to the saying “The best way to make a million dollars is to first spend 2 million dollars.” However, I think Zuckerberg is an exception more than a rule. That is, the difference between a million dollars and a billion dollars is about a billion dollars.

      • This is fine🔥🐶☕🔥@lemmy.world
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        1 year ago

        That’s still very impressive ngl, despite my sheer disgust towards him and Facebook.

        100,000 to 1,000,000,000 is a massive jump.

        • hydroptic@sopuli.xyz
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          1 year ago

          Easy to make risky moves when you know that no matter what you won’t end up destitute

    • circuscritic@lemmy.ca
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      1 year ago

      No, most new billionaires are hedge fund/private equity leeches that just suck money out of the economy.

  • no banana@lemmy.world
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    1 year ago

  • jbk@discuss.tchncs.de
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    1 year ago

    Finally a study on this, nice. All those “no fucking shit” comments should be thankful someone actually proved this

  • boonhet@lemm.ee
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    1 year ago

    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.

    • n3m37h@lemmy.dbzer0.com
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      1 year ago

      Didn’t he go to Harvard? Its no like he started on the struggle bus like the majority of people.

      • Scroll Responsibly@lemmy.sdf.org
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        1 year ago

        He also went to Philips Exeter Academy beforehand.

      • boonhet@lemm.ee
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        1 year ago

        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.

        • DragonTypeWyvern@literature.cafe
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          1 year ago

          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.

          • Rediphile@lemmy.ca
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            1 year ago

            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.

    • Schadrach@lemmy.sdf.org
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      1 year ago

      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.

  • Ð Greıt Þu̇mpkin@lemm.ee
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    1 year ago

    Removed by mod

  • John_McMurray@lemmy.world
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    1 year ago

    Is this supposed to be surprising?

  • Jakdracula@lemmy.world
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    1 year ago

    Except Taylor Swift?

    • Wrench@lemmy.world
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      1 year ago

      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.

    • neptune@dmv.social
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      1 year ago

      She’s like 33

      • MrMcGasion@lemmy.world
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        1 year ago

        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).

        • ohlaph@lemmy.world
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          1 year ago

          I am the same age as Natalie Portman, so I get it.

      • Jakdracula@lemmy.world
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        1 year ago

        For real? I seriously thought she was like 25

        • AbidanYre@lemmy.world
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          1 year ago

          She was. About eight years ago.

          • ABCDE@lemmy.world
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            1 year ago

            Whoa.

      • Annoyed_🦀 @monyet.cc
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        Wow what? I thought she’s something like 37 or 38

    • v9CYKjLeia10dZpz88iU@programming.dev
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      Vitalik Buterin also just turned 30 at the end of January.

  • tsonfeir@lemm.eeBanned from community
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    They can cough it up or choke on the noose.

  • ABCDE@lemmy.world
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    All current billionaires, people have made that amount before, they’re just older now.

  • Churbleyimyam@lemm.ee
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    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.

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