Billionaires are so Predictable

dc.contributor.author	Fix, Blair
dc.date.accessioned	2023-11-23T23:16:34Z
dc.date.available	2023-11-23T23:16:34Z
dc.date.issued	2023
dc.description.abstract	Have you ever wondered what it takes to become a billionaire? Do you need rare genius? Exceptional acumen? Miraculous foresight? An uncompromising work ethic? On all four counts, the answer is no. It turns out that to become a billionaire, what you really need is the right social setting. You need to live in a society that is suitably rich and appropriately unequal. Without those things, your chances of wearing the billionaire badge are low. In this post, I’ll do the math. Using data from Forbes, I’ll show you how the billionaire headcount varies across countries. Then I’ll show you how to predict this variation. Forget about character traits and personal histories. We don’t need them. To predict how many billionaires a country has, we can get surprisingly far just by knowing the distribution of income.
dc.identifier.citation	Billionaires are so Predictable. Fix, Blair. (2023). Economics from the Top Down. 3 September. pp. 1-30. (Article - Magazine; English).
dc.identifier.uri	https://hdl.handle.net/10315/41558
dc.language.iso	en
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	billionaires
dc.subject	corporation
dc.subject	distribution
dc.subject	ownership
dc.title	Billionaires are so Predictable
dc.type	Article

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