Kiplinger: For the first time in 15 years, there are no self-made billionaires under the age of 30 on Forbes' list

Politics
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Two of the neat things about the annual Forbes list, is that so many of the Americans on the list are

  1. “self-made” wealthy and
  2. first generation on the list

You know, all those little factoids that irritate liberals so much

  • “89% of America’s millionaires are first generation millionaires,”
    and
  • “59% of the people on the Forbes list inherited little or no money”

and so on and so on.
.
.
.

Well this year, that may still apply to the list in general,
but not to those under 30.

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Here is the NYPost version

And here is the USAToday version

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Unity!!!

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Give them 5 years, the Woke will grift their way onto the list.

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Basically this is recession stuff.

The last time this happened was 2009 (mortgage-related crisis)
In a recession economic opportunities fade away, including the opportunity to make oneself a billionaire while still under 30. Thus the only people remaining on the list inherited their money.

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Well, then… The gummint should just tax it away from them. That should satisfy the class warfare crowed.

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Reduction of wealth due to a collapsing economy. Because what led up to it was a significant increase in wealth. That’s why 2009 most likely

It’s not a reduction of opportunity on an individual level once the recession hits for various reasons.

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Evan Spiegel ($3.1b, USA, 33, founded Snapchat) is now 33.
He used to be on the "billionaires under 30 list.

John Collison ($7.2b, Ireland, 33 created “Stripe” which allows everyday ma & pa Internet sellers to accept credit cards).
He used to be on the list.

Andy Fang ($1.2b, US, 31, founded “DoorDash”).
He used to be on the list.

Palmer Luckey (#2.3b, US 31, patented some of his teenage attempts to make a virtual reality headset. When the big boys became interested in VR headsets they paid him $1.3b for his patent rights)
He used to be on the list.