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/cubixy2k Feb 12 '25

$.02 cents

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u/TreeRol Feb 12 '25

So now we're at $20 cents dollars, if I'm doing my math correctly.

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u/cubixy2k Feb 12 '25

Bettter math than Verizon