• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

BobbyVoicu.com

I'm curious about stuff

  • Home
  • Entrepreneurship Articles
  • Startup Videos
  • About Me
  • Blog / Archive
You are here: Home / Entrepreneurship / How People Get Rich in 2021

How People Get Rich in 2021

April 18, 2021 By Bobby Voicu Leave a Comment

The best way to build wealth from scratch right now is building a company. So what are you waiting for?

In 1982 the most common source of wealth was inheritance. Of the 100 richest people, 60 inherited from an ancestor. There were 10 du Pont heirs alone. By 2020 the number of heirs had been cut in half, accounting for only 27 of the biggest 100 fortunes.

Why would the percentage of heirs decrease? Not because inheritance taxes increased. In fact, they decreased significantly during this period. The reason the percentage of heirs has decreased is not that fewer people are inheriting great fortunes, but that more people are making them.

How are people making these new fortunes? Roughly 3/4 by starting companies and 1/4 by investing. Of the 73 new fortunes in 2020, 56 derive from founders’ or early employees’ equity (52 founders, 2 early employees, and 2 wives of founders), and 17 from managing investment funds.

From here: How People Get Rich Now.

◀What is the hardest thing you ever worked at?
I didn't know one of the Adobe founders was kidnapped for ransom in 1992▶

Filed Under: Entrepreneurship

Bobby Voicu

Bobby Voicu writes here from time to time.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

About

I write about things that raise my curiosity. And I’m quite curious about all kinds of things.

For a full “About Me”, go here.

Recent Posts

  • I’m Gonna Live on a Boat
  • Plex on Rasberry Pi 4
  • Foundation: The Official Podcast
  • What is iOS 15 bringing?
  • I want: SteamDeck
  • SD Card formatter for Raspberry Pi compromised SD cards
  • Brandolini’s law or the bullshit asymmetry principle
  • Chat etiquette: Hi every time you start?
  • 5th Ocean: The Southern Ocean
  • The Impact of Work from Home

Friends

  • Dr. Alexandra Mircea
  • FreeBusy Meeting Scheduler
  • Miruna Sfia
  • PS Play Romania
  • Rød Mallo Leiva
  • Sami the Westie
  • Vlad Balan

The CEO Library Collections

  • Best Leadership Books
  • Best Productivity Books
  • Women Entrepreneur Books

Copyright © 2023 · Privacy Policy · Disclaimer