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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In modern Russia, the oligarchs also evolved the means for passing wealth to their children. Instead of passing vulgar inheritance money, they too have their children acquire their wealth through their "prowess" as entrepreneurs. BillG was the inspiration.
You're doing yourself a disservice if your understanding of the history of the software business is that bad.
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