There are basically 4 ways to accumulate a billion dollars in America:
1) Profiting from a monopoly
2) Insider trading
3) Political payoffs
4) Inheritance
Don’t believe the self-made myth.
There are basically 4 ways to accumulate a billion dollars in America:
1) Profiting from a monopoly
2) Insider trading
3) Political payoffs
4) Inheritance
Don’t believe the self-made myth.
@rbreich the common element here is, there are a very small number of people who actually created a billion dollars' worth of value, and most of those (Telsa for example) didn't get to keep it.
Ford and Edison did but both were ruthless SOBs. A nice humane inventor will not get to keep the money.
The main way to obtain for yourself the lifetime productive output of a few hundred people is by force or fraud.
As for Musk, reusable rockets are the most important thing he has made real.