this post was submitted on 13 Apr 2025
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Well, kinda...due to inheritance, it'd kinda be like the Lernaean Hydra.
Isn't there some depressing statistic about 2nd and 3rd generations losing most of the fortune or at least losing any control over it.
There is, but it's basically made up to support the notion that it's very difficult to stay rich. It's actually very rare for subsequent generations to lose inherited wealth, it just gets partitioned out so there are dozens or hundreds of rich people instead of one disgustingly wealthy individual.
Similar to lottery winners losing everything, it makes a much bigger headline when one loses everything despite it being incredibly uncommon.