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About 50% Of Forbes' Richest Inherited Their Wealth
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<blockquote data-quote="KJ" data-source="post: 73026" data-attributes="member: 1"><p>[URL unfurl="true"]https://web.archive.org/web/20060828223407/http://www.faireconomy.org/press/archive/Pre_1999/forbes_400_study.html[/URL]</p><p></p><p><strong>SUMMARY OF RESULTS</strong></p><p></p><p> We examined both 1995 and recently released information about the 1996 Forbes list. The average of 1995 and 1996 results indicate that:</p><p></p><ul> <li data-xf-list-type="ul"><strong>30.1% Started in the Batters Box</strong> -- includes individuals and families whose parents did not have great wealth or own a business with more than a few employees.<br /> </li> <li data-xf-list-type="ul"><strong>13.9% Born on First Base</strong> -- includes individuals whose biographies showed signs of a wealthy or upper class background, but did not apparently have assets of more than $1 million.<br /> </li> <li data-xf-list-type="ul"><strong>5.75% Born on Second Base</strong> -- members inherited a small company or wealth worth more than $1 million, but less than $50 million.<br /> </li> <li data-xf-list-type="ul"><strong>6.85% Born on Third Base</strong> -- includes people who inherited substantial wealth, in excess of $50 million, but not enough to qualify for membership in the Forbes 400.<br /> </li> <li data-xf-list-type="ul"><strong><u><strong>43.35% Born on Home Plate -- includes those who inherited sufficient wealth to rank among Forbes 400.</strong></u><br /> </strong></li> </ul></blockquote><p></p>
[QUOTE="KJ, post: 73026, member: 1"] [URL unfurl="true"]https://web.archive.org/web/20060828223407/http://www.faireconomy.org/press/archive/Pre_1999/forbes_400_study.html[/URL] [B]SUMMARY OF RESULTS[/B] We examined both 1995 and recently released information about the 1996 Forbes list. The average of 1995 and 1996 results indicate that: [LIST] [*][B]30.1% Started in the Batters Box[/B] -- includes individuals and families whose parents did not have great wealth or own a business with more than a few employees. [*][B]13.9% Born on First Base[/B] -- includes individuals whose biographies showed signs of a wealthy or upper class background, but did not apparently have assets of more than $1 million. [*][B]5.75% Born on Second Base[/B] -- members inherited a small company or wealth worth more than $1 million, but less than $50 million. [*][B]6.85% Born on Third Base[/B] -- includes people who inherited substantial wealth, in excess of $50 million, but not enough to qualify for membership in the Forbes 400. [*][B][U][B]43.35% Born on Home Plate -- includes those who inherited sufficient wealth to rank among Forbes 400.[/B][/U] [/B] [/LIST] [/QUOTE]
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About 50% Of Forbes' Richest Inherited Their Wealth
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