The predictive power of IQ vanishes at the extreme.
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What i mean by extreme are Bill Gates, Warren Buffet etc.
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For the 99.5 it has very good predictive power
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Well, if you compare the wealths of 1000 100 IQ people and 1000 110 IQ people, you will find that the average wealth is higher for the 110 group but the two groups will have pretty large standard deviations and a lot of wealth overlap
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Also how do they define rich? Rich is a relative term I'm rich by Cambodian standards. Are my grandparents "rich" they recently sold their farm for 7.5 million?
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Probably top 1% or top 10% in the country being analyzed by income or wealth
End of conversation
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