“The two-thirds, or maybe 70%, either founded their business or bought one and grew it later in their careers.”

Eric Swick · Motley Fool Hidden Gems Investing · America's Real One Percent Has Nothing to Do With Silicon Valley or Wall Street

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What was described

calculated the proportion of hidden 1% who are self-made versus inherited

about 70% founded or bought their business; the rest inherited

Said nearby on the same subject

“40 to 70% of the variability of a child's BMI comes from what they've inherited from their family”
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Dr. Claudia Fox
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Hard number 40%-70% variability Share this moment
“We have improved the budget bottom line by $230 billion compared to what we inherited.”
♫
Said on Australian Parliament: House of Representatives
Hard number $230 billion Share this moment
“I'm going to go take that domain right now and give him credit wherever I can, because it, uh, has done just such a beautiful job to like solidify, um, just the different position to like those who take this self-made stance.”
♫
Said on The Nathan Barry Show
Business model Share this moment
“The threshold is £325,000… if your estate is worth above that, you pay inheritance tax on the portion above that threshold.”
♫
Said on Which?
Hard number £325,000 Share this moment

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