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Reply to "I think we’re severely undercounting billionaires "
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[quote=Anonymous][quote=Anonymous]In 2012 there were officially ~425 US billionaires, in 2025 there are officially around ~850. In this time the S&P 500 has done a 5-6x including dividend reinvestment. So, either most people with 100-250M a decade ago are terrible at investing, or we just aren’t counting billionaires properly. I know someone who is the child of a billionaire and nothing comes up when searching their name. I think the real number of billionaires in the US is at least 5000 maybe 10,000[/quote] I'd seriously doubt that. The only part of government that ever seems to work diligently at their jobs is the IRS. They would know if there are new billionaires, unless they are here illegally and under the radar. [/quote]
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