an hour agoThe secret of super-pasanic wealth is discovered: Born in a Rich Family
Periskopi(5 years ago)
(5 years ago)The billionaires who became such themselves, Jeff Bezos and Elon Musk, created great profits during the Covid-19 pandemic, but a new report shows that you cannot beat the family's money when it comes to becoming very rich. Ten of America's richest families, including the walkards [...]
Ten of the richest American families, including the Walmard family and the dystatites behind the industries of both sugars and cosmetics, also saw their assets growing during the pandemic, with the combined increase amounting to 136 billion over 14 months of pandemic, according to the report by the Institute for Political Studies.
The report details how these families have not only increased their fortunes for millions each year but also worked to ensure that the system supports the exponential growth for decades, writes The Guardian, followed Periscope.
In 1983 the Walton family was 2.15 billion. By the end of 2020, her offspring had a total of $27 billion.
The Mars family also increased assets exceptionally, even though its dynasty began much earlier, since the 1911 ' s.
But a habit that has enabled the growth of rich people is fighting tax hikes for them. The Mars family has spent over $20 million in the last 10 years in lobby.
“has a very powerful industry to protect rich people who have an interest in ensuring the system that boosts the dystanic families,” said the report's co-author.
