@rbreich I personally know of one who started off quite poor. He was listed at one point by Forbes as one of America’s billionaires under age 30. The Internet dot bomb was really bad for him, as it was for all who bought into the speculation. He is longer a billionaire. Billionaires whose wealth is based on inheritance did not suffer nearly as much loss, if any. That said, inheritance makes little difference if we favor a universal wealth cap, as I do.