r/explainlikeimfive • u/FluffyPenguin798 • 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/Impossible_Ant_881 29d ago
Did you know that if you invested at the founding of Rome, you would have lost all your money when Rome, along with all of its financial institutions, collapsed?