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Re:Bill and Melinda Gates: America’s Top Farmland Owner by somethoughts on Thursday January 14, 2021 @02:54PM (#25781567)
Here's a fun video which discusses the phenomenon you're describing. Its a bit click-baity but does provide an overall summary pretty nicely.

Economics Explained - The Ranks of Global Billionaires: Not All Billionaires Are Made Equal:

https://www.youtube.com/watch?v=0MeRN7LE1LQ

It even covers the oligarchy scenario :)

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