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America’s richest family dynasties had a lucrative pandemic year.
The top 10 richest saw their net worths grew by a median 25%, while family dynasties’ wealth grew at a rate 10 times greater than that of a typical family, according to a new report from the left-leaning Institute for Policy Studies (IPS).
The thing is many of these are true dynasties, with wealth dating back much further than relatively recent upstart billionaires like Mark Zuckerberg and Elon Musk. Thirteen of the top 20 wealthiest families were in the top 20 in 1983.
“Dynastically wealthy families remain wealthy for details ⇒
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