"‘The current makeup of the
super-billionaire population also shows a shift from the world’s
richest people inheriting their
wealth to a rise in self made
billionaires. The great American fortunes of today are new money, not old,’ said a 2024 report by the Heritage Foundation, a conservative think tank, which noted the absence of names like (John Jacob) Astor, (Andrew) Carnegie, (Timothy)
Mellon, (John Davison) Rockefeller and (Cornelius) Vanderbilt on
lists like the Forbes 400.”
The Wall Street Journal, reprinted
in Mint, February 27, 2025
"As countries develop, the most dramatic growth driver is the
movement of people from low-
productivity agriculture into
higher productivity occupations
in manufacturing and services.”
Naushad Forbes, co-chairman,
Forbes Marshall;......