In 1982, 9 of the 14 biggest fortunes in America were inherited, and 11 of 14 derived from oil, including all 9 of the inherited ones. In 2020, 3 were inherited, and 10 of the 14 derived from tech companies.
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"Creating new technology" or using existing technology to sell things (e.g. Amazon)?
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And those natural resource companies created a lot of technology, too. It’s not easy to drill a well...
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