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Just a reminder, 55.8% of all billionaires in the world are self-made
Source: https://www.wealthx.com/report/the-wealth-x-billionaire-census-2019/
@pthenq1 There are half a dozen to a dozen separate reports all confirming similar figures. You got any data to the contrary?
@freemo yep
But it is a looong conversation. I do not have the energy to do it.
Intuitively: You will see more rich people in rich countries or failed states countries.
Silicon Valley has the most significant concentration of wealthy people in the world. They can barely say they started from zero. At a minimum, they have an investor angel somewhere.
If they are by themselves, they can do nothing (let alone get rich).
If 55% of the people got rich by themselves, then countries like Somalia or Haiti with no help, no government, nothing, will have the biggest concentration of wealthy people and that is not the case.
In the United States, the richest people are in California. Now I think about it, it makes sense.
In any case, this state is not precisely free in texan terms :P
@pthenq1 You seem to be missing the point of what self-made means. It doesnt mean it is independent of outside influence. It simply means you started from middle-class or below and earned your way up by running a successful company, this may or may not include investors buying stock.
Yes the country you are in and even state will change your chances considerably, that isnt the point.
@freemo Most of the time is luck :P