Very few billionaires "make" anything. If you turned a member of this family loose in a vial factory, he or she would likely have no clue what to do. Instead, they have manipulated finance to own the means of production. That's called rent-seeking, and it's one of the reasons our economy and our society are facing big problems.
who do you mean with "our"? where I live there are a lot of family owned businesses who export worldwide and often the owner of the business has worked there in his younger years and only inherited (not sure if that's the right word) the business after the original owner died/retired.
By those criteria this group does seem to be among the very few.
I'm sure there are thousands of others whose defining unfair advantage also stems from creating a unique money-making machine of some kind, in particular making a tangible product, even if that does still add up to very few billionaires today.
Seems to me the more efficient the money-making machine, the easier it would be to do well without having to grow to billionaire scale anyway.
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[ 0.25 ms ] story [ 23.6 ms ] threadI'm sure there are thousands of others whose defining unfair advantage also stems from creating a unique money-making machine of some kind, in particular making a tangible product, even if that does still add up to very few billionaires today.
Seems to me the more efficient the money-making machine, the easier it would be to do well without having to grow to billionaire scale anyway.