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Wealth

2 unrolled threads about wealth, each one readable on a single page.

Jeong@datchguy_x

Forbes just released its latest list of new billionaires under age 30. Here's a breakdown of the 21 billionaires under 30 🧵

SummaryForbes released a list of 21 billionaires under age 30, with only 2 being self-made while 19 inherited their wealth. The youngest, 19-year-old Johannes von Baumbach from Germany, is worth $5.4 billion purely from inheriting a stake in pharmaceutical company Boehringer Ingelheim, highlighting how most extreme wealth at young ages comes from family inheritance rather than entrepreneurship.Aug 18, 202525 tweets♥ 59.9K

Logan Weaver@LogWeaver

There's an American family with 14 billionaires. More than any family on Earth. And they control the ENTIRE global food supply. It's not the Waltons. It's not the Kochs. 99% of people have never h...

SummaryThe Cargill-MacMillan family, with 14 billionaires and $65 billion in combined wealth, owns 88% of Cargill Inc., the largest private company in America that controls approximately 22% of U.S. beef production and 70-90% of global grain trade. Starting from a single grain storage facility in 1865, the family built an invisible empire by staying private and strategically controlling the entire food supply chain from farm to table.Aug 6, 202518 tweets♥ 27.1K