#aristocracies — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #aristocracies, aggregated by home.social.
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#KendallRoy Era Is Nigh: Massive Wealth Transfer to Create Nation of #TrustFund #Billionaires
Newly minted billionaires are increasingly not “self-made,” but #inheriting #money from mom and dad, creating American “#wealth #dynasties” and society that closely resembles traditional #aristocracies
In last year’s newly minted billionaires were 84 people were “self-made,” with $1.67B per head But less than the $150.8B that 53 #heirs-turned-billionaires inherited from families
https://www.vice.com/en/article/qjvnqb/the-kendall-roy-era-is-nigh-massive-wealth-transfer-to-create-nation-of-trust-fund-billionaires