Richest Americans Are Different From One Another

Richest Americans Are Different From One Another

The richest Americans are much less likely to have inherited their wealth than their counterparts in many supposedly more egalitarian countries. They’re not remarkably rich in degrees from elite universities. Rich Democrats have more social connections than rich Republicans.

These are some surprising insights from a new study of the very wealthy by Jonathan Wai of Duke University and David Lincoln ofWealth-X, based on data on 18,245 individuals with a net worth of $30 million or more.

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