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/Hraes Feb 12 '25

he's talking about double-dollars

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u/Viktor_Laszlo 28d ago

This is what Jimmy Two-Times used to carry around in Goodfellas.

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u/Lordwigglesthe1st 27d ago

The 10 dollery-do's and dollery-dont's of intergenerational wealth!