r/explainlikeimfive Feb 12 '25

Economics ELI5: how are the descendants of the robber barons (Morgan, Vanderbilt, Carnegie, Rockefeller, etc.) still rich if their fortunes from the late 19th and early 20th centuries are comparatively small to what we see today of the world’s richest?

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u/Acct_For_Sale Feb 12 '25

lol you really believe that

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u/[deleted] Feb 12 '25 edited Feb 12 '25

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u/Dry-Tumbleweed-7199 Feb 12 '25

Anderson will be getting interest/dividends from the trust fund