Twitter user Brave New Films says «Wait I thought "hard work" is what made people billionaires? 🤡» In reply to an article about how research finds all billionaires under 30 inherited their wealth. This is all posted to tumblr, «i have a suggestion» says isuggestguillotine
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[–] 56 points 7 months ago (1 child)

You had to do research for that?

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  • [–] 30 points 7 months ago*

    Here's a counter-example that proves the rule:

    • Born in 1992
    • Graduated from MIT in 2014 at 22
    • Joins a proprietary trading firm after graduation
    • Founds a quantitative trading firm in 2017 at age 25
    • Founds a cryptocurrency exchange in 2019 at 27
    • On the 2021 Forbes "30 under 30" list at 29, and is recognized as a billionaire
    • Found guilty of wire fraud and conspiracy in 2023
    • Currently in prison

    Sam Bankman-Fried got to $1b before 30, and he didn't inherit his wealth (but he certainly started with a lot more wealth than most people). But, the way he managed to hit $1b before 30 was via massive fraud. Without massive fraud, I don't know how you go from an entry level job at 22 to $1b just 8 years later.

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