News for hackers. Stuff that matters.

A comment on How Putin’s Oligarchs Bought London. Parent comment

Re:How Putin’s Oligarchs Bought London by pm90 on Friday March 18, 2022 @06:54PM (#30728666)
Most of the richest people in the US got their wealth through inheritance.
[ Parent | on HN ]
Re:How Putin’s Oligarchs Bought London by missedthecue on Friday March 18, 2022 @07:57PM (#30729221)
Most? 80% of US millionaires are first generation according to NYT and almost all billionaires in the US are first generation.
[ Parent | on HN ]
Re:How Putin’s Oligarchs Bought London by kevin_thibedeau on Friday March 18, 2022 @09:32PM (#30729982)
A 1 millionaire isn't exceptionally rich. They still have to work to get by unless they decamp for a cheaper country.
[ Parent | on HN ]
Re:How Putin’s Oligarchs Bought London by jeffbee on Friday March 18, 2022 @06:59PM (#30728705)
People think of the people at the very top of the list, who are mostly late-20th-century entrepreneurs, but you're right: the bulk of the American rich are people like the Waltons, Mars's, and other heirs.
[ Parent | on HN ]