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  #1  
Old 08-25-2024, 05:39 PM
loramin loramin is offline
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Originally Posted by Ciderpress [You must be logged in to view images. Log in or Register.]
It almost always means you were born to extremely affluent parents, and used wealth you never earned to become even more wealthy.
FTFY
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  #2  
Old 08-25-2024, 08:47 PM
shovelquest shovelquest is offline
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Originally Posted by loramin [You must be logged in to view images. Log in or Register.]
FTFY
Hmm ru sure?

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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.

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"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!
Last edited by shovelquest; 08-25-2024 at 08:52 PM..
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Old 08-25-2024, 09:10 PM
Reiwa Reiwa is offline
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Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]
Hmm ru sure?



There is also this.



So glad we have chat GPT and other AI systems to help clear up things!
“The man who dies rich dies disgraced.”
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