patrick.net

Peter P says

But how old are they? Do those places create 30-year-old billionaires?

bob gave you the links and names to answer these questions for yourself. I do see a lot of evidence that the US has, relative to other developed nations, poor mobility, but you have presented zero evidence to support the great mobility claims you have been making.

http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html

Most young self-made billionaires in the developed world are still American.

Peter P says

Most of the successful people started with nothing. My two heroes are the prime examples: George Soros, Dennis Washington

You have to be joking. You think most of the successful people in the United States came from nothing?

Peter P says

http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html

Most young self-made billionaires in the developed world are still American.

Oh, are those the only billionaires under the age of 40? You may also want to look at per/capita billionaires under 40. The US is a very populous country. Without better context that article is just anecdotal evidence.

Also funny, of the 20 on that list 11 had--right there in their bios--clear indication that they started life with a silver spoon in their mouth (two were from the same wealthy dad). At least one other on the list I recognized as a silver spoon child, and I would bet that a little digging on the others would show that they all came from privileged backgrounds.

…Harvard roommate …

…officially inherited his fortune in 2001 on his 18th birthday…

…one of four children of the late energy pipeline entrepreneur Dan Duncan, the former richest man in Houston…

…together at Harvard…

…transferred his holding of the family's main fortune… her fortune drop dramatically since…

…son of slain Lebanese Prime Minister Rafic Hariri …

…second-youngest son of slain Lebanese Prime Minister Rafik Hariri, who left behind a fortune now shared by his five children…

In December 2010 German publisher Heinz Bauer, age 72, transferred 85% of the limited partnership of the family-run business to his daughter...

…became the face of his father's company…The family owns a private island…

A direct descendant of Peter Stuyvesant, Coleman is a Deerfield and Williams grad…

…Graduate of Kyiv State Economic University…

I am not sure how this leads you to believe that most young self made billionaires are made in America.

leo707 says

Peter P says

http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html

Most young self-made billionaires in the developed world are still American.

Oh, are those the only billionaires under the age of 40? You may also want to look at per/capita billionaires under 40. The US is a very populous country. Without better context that article is just anecdotal evidence.

So, looking further in to the numbers on the 20 billionaires under 40...

Ranked in per-capita output of billionaires under 40:
China -least
Russia
Japan
US
Germany
Ukraine
Hong Kong
Lebanon
Columbia -most

Looks like Columbia is the best at cranking out young billionaires.

Fine. I think I have made some horrible arguments.

Peter P says

Fine. I think I have made some horrible arguments.

I am all ears if you want to make some better ones ;)