How People Get Rich In Today’s Day of Age
Insights from legendary entrepreneur Paul Graham
There’s a saying that the rich will keep on getting richer, and there is some truth in this phrase.
Paul Graham’s recent blog (the founder of Y Combinator) talks about how people become wealthy today by comparing the Forbes 100 wealthiest people list from the 1980s with the present one.
Of the 100, 60 inherited from an ancestor in the 1980s. Today that number is only 27, which is a substantial drop. It doesn’t mean, however, that people have stopped inheriting (I mean, who would ever reject that).
No, it’s just the fact that new contenders in the list have built their wealth off a different foundation. Your first guess might be hedge funds or something financial related, and although this might be true in a lot of cases, it’s in fact, a new contender of the list: tech entrepreneurs.
Why tech entrepreneurs?
The reality is many have been gifted the opportunity to create their own wealth in today’s digital age.
