How the world’s richest people got that way: Entrepreneurship, not inheritance

It is often said that the only way to become rich today is by inheriting a fortune. But this ignores the fact that eight of the world’s ten richest people are rich because they built their own businesses, not through inheritance.

This is shown by the latest Bloomberg Billionaires Index, which ranks the world’s richest people.

Jeff Bezos, the richest man in the world, became rich as an entrepreneur with Amazon. Elon Musk, No. 2 on the list, is a self-made billionaire thanks to success with several companies. Bill Gates is No. 3 on the index and became rich with Microsoft. Bernard Arnault, at No. 4, also became rich as the world’s largest maker of luxury goods, though he had already inherited a substantial fortune. Mark Zuckerberg, No. 5, also became rich as a result of a great idea: Facebook.

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