United States | News & Politics

7306 readers

347 users here now

founded 4 years ago

MODERATORS

[email protected]

Billionaires' wealth more than doubles in 10 years: UBS (www.abs-cbn.com)

submitted 1 week ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

all 5 comments

sorted by: hot top controversial new old

[–] [email protected] 6 points 1 week ago

We're entering an age that would make the robber barons and captains of industry blush.

There's going to be many more CEO shootings coming.

[–] [email protected] 3 points 1 week ago* (last edited 1 week ago)

This just means they more than doubled their work ethic. You will be as rich when you work as hard.

;)

[–] [email protected] 3 points 1 week ago

We need a French solution to the Billionaire question.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago)

This is just a factor of how math works. Anyone holding US equities, which has historically returned 7-8% inflation adjusted per year for over a century, would see their wealth roughly double every 7-10 years.