MM

Thursday · 54 min
Why are the wealthiest so wealthy? | Joachim Hubmer
How do the wealthiest people get so rich? Did they inherit it? Earn it? Save more than everyone else? Or simply invest better? Our guest, Joachim Hubmer, co-authored “Why Are the Wealthiest So Wealthy?”, a paper that uses Norway’s detailed tax records to weigh these pathways against each other. We talk about how much of top wealth comes from inheritance, earnings, saving and returns, and what really separates old money from new money.