How Rich Is Elon Musk? – Visualization of Extreme Wealth(engaging-data.com) This visualization attempts to represent how much money Elon Musk, the richest person in the world, has. It gives context on this extreme amount of wealth by showing other very large sums of money that are somehow less than his net worth.
CFPB stripped of its power to regulate digital payment offerings(yahoo.com) What does it really mean to be rich? For some, it's about feeling financially secure—being able to afford the life they want without stress. For others, it's about reaching a specific benchmark, like being in the top 5% of households by net worth. If you're wondering where you stand, the Federal Reserve has the numbers to tell you exactly how much wealth it takes to join the ranks of the financially elite.
Inheriting is becoming nearly as important as working(economist.com) Work hard, children are told, and you will succeed. In recent decades this advice served the talented and the diligent well. Many have made their own fortunes and live comfortably, regardless of how much money they inherited. Now, however, the importance of hereditary wealth is rising around the rich world, and that is a problem.
678 points by pseudolus 33 days ago | 904 comments
Why Rich People Don't Cover Their Windows(theatlantic.com) Walk down the block of a wealthy neighborhood at night, and you might be surprised by how much you can see. One uncovered window might reveal the glow of a flatscreen TV across from a curved couch; through another, you might glimpse a marble kitchen island and a chandelier. Of course, some of the curtains are closed—but many are flung open, the home’s interiors exposed, like you’re peering into a showroom.
How people get rich now (2021)(paulgraham.com) Every year since 1982, Forbes magazine has published a list of the richest Americans. If we compare the 100 richest people in 1982 to the 100 richest in 2020, we notice some big differences.
We Live Like Royalty and Don't Know It(thenewatlantis.com) At the rehearsal dinner I began thinking about Thomas Jefferson’s ink. My wife and I were at a fancy destination wedding on a faraway island in the Pacific Northwest. Around us were musicians, catered food, a full bar, and chandeliers, all set against a superb ocean sunset. Not for the first time, I was thinking about how amazing it is that relatively ordinary middle-class Americans could afford such events — on special occasions, at least.
Richest People Surpassed $10T in Wealth This Year(bloomberg.com) The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.
I am rich and have no idea what to do(vinay.sh) Life has been a haze this last year. After selling my company, I find myself in the totally un-relatable position of never having to work again.
967 points by vhiremath4 90 days ago | 1628 comments
Richest people surpass $10T in wealth in 2024(ocregister.com) The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.