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" ... Some people think they don’t have what it takes to get rich because they didn’t attend university. But a quick glance at a list of the world’s richest people reveals that many of the superrich were university dropouts or didn’t even make it through high school. Clearly, attending an elite university is by no means a prerequisite for getting rich. In Germany, the study The Wealth Elite confirms that there is no correlation between school and university achievement on the one hand and financial success on the other. If success in life came down to academic business knowledge, then business administration professors the world over would all be multimillionaires or even billionaires. ... "
" ... The concentration of wealth at the top meant that middle class families lost ground at the same time. The largest drop happened among households between the 50th and 90th percentile. Their share of wealth fell to less than 30% in 2018, down from more than 35% in 1989 (see figure above). The combined wealth owned by all families in the bottom half of the wealth distribution dropped to 1.2% by the end of 2018, down from close to four percent in 1989. This is more than a 50% decline in this group’s wealth share over three decades, leaving the bottom half with very little in savings. The growing concentration among America’s multimillionaires and billionaires occurred against the backdrop of a middle-class that faces greater struggles than in the past. ... "
" ... The flow of cheap borrowing costs enriched the already rich and big corporations who were able to buy back their stock cheaply to financially benefit top executives. The flow of cheap money was put into unicorn companies, like Uber and WeWork, that made some people multimillionaires and billionaires. Those who already had money to invest saw their net worth skyrocket with the record-setting stock market. ... "
" ... “I don’t know how many other multimillionaires are out there, ready to devote the limitless resources at their disposal to supporting pyramid schemes run by dangerous criminals,” Judge Garaufis said. ... "
" ... “It’s hard for me to imagine,” said Zimbalist. “These players are multimillionaires, so I don’t think there would be deleterious effects for the players. Maybe there might be referees or umpires on the take. My biggest concern would be for college athletes and college sports. Those athletes fit the circumstances of the Chicago Black Sox players.” ... "