[drorco]

OK that's one thing, but still there are many new billionaires that didn't exist a few decades ago, let alone a few years ago. Why did they become billionaires and the wealth didn't distribute over a much larger group?

[mcntsh]

Wealth doesn't go straight up, it bubbles up.

And thinking about bubbles, imagine what happens when the GenAI one pops. The wealth some new billionaires had will go up in smoke, their assets will go on sale, and they'll be gobbled up by the old billionaires.

[hrimfaxi]

Is the rate of billionaire generation increasing? Maybe that is the distribution in practice.

[drorco]

Maybe, I think it definitely happened with millionaires, there are probably many more millionaires these days compared to a few decades ago. Inflation helped too for sure.

But I think still a lot of people would argue the distribution is too unequal.