Realist, not conformist analysis of the latest financial, business and political news

World’s 4 Richest Women Married Or Inherited Their Money – 4 Richest Men Made It

An interesting little number stemming from the divorce of Mackenzie and Jeff Bezos. She, of course, now becomes the world’s third richest woman as a result of the roughly 4% of Amazon she gains. And, well, the marriage vows do indeed still mean I thee with my worldly goods endow even if they’re not said. For that’s what that legal contract of marriage does say. So, you know, there we go.

It’s just that with this divorce settlement we’ve got little points being made like this:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] MacKenzie, a book author, is now one of the richest women in the world, according to The Washington Post. She follows behind the $54 billion fortune of L’Oreal heiress Francoise Bettencourt Meyers and the $44 billion wealth held by Alice Walton. She is almost tied in third place with Mars candy company heiress Jacqueline Badger Mars, who has a net worth of $37 billion. [/perfectpullquote]

Note that not one of those four has made their own wealth. They’ve either married into it or inherited it. Hey, maybe they’ve managed it well once they’ve got it but it’s not possible to say that any of them actually made those fortunes themselves.

Contrast this to the list of the four richest men on the planet:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]#1 Jeff Bezos & family.
#2 Bill Gates.
#3 Warren Buffett.
#4 Bernard Arnault & family. [/perfectpullquote]

All four of those made their money themselves. Sure, we can argue about whether it was from an entirely standing start or not but none of them were plutocratically rich and they are now.

Actually, we can go further. All the top 10 richest people in the world made their own money. All of whom are men. We have to get to #11 and 12 – the Koch brothers – before we’ve someone inheriting a major fortune.

So, let’s try this again. All of the world’s top ten richest men are self made. None of the world’s top 4 richest women are self made. In fact:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]In fact, of the top 10 wealthiest women, eight inherited all their riches while two — Australia’s Gina Rinehart, who sources her fortune from iron ore, and U.S.’s Abigail Johnson, who heads Fidelity Investments — received a family business but played a hand in substantially growing it.[/perfectpullquote]

Hands up everyone surprised that there’s a gender wealth gap?

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literate3
literate3
1 year ago

Actually I am surprised that there is a gender *wealth* gap as I had read some years ago that well over 50% of the wealth in the USA was owned by women (some of whom had earned some of it but many of whom were wealthy widows/divorcees) [since the USA possessed the largest chunk of wealth in the world that rather kiboshed the claims that women only owned 10% of the world’s wealth]. If you allocate 50% of each couple’s wealth in those countries that split assets equally on diivorce to each partner, around 90% of the alleged “gender wealth… Read more »

GR8M8S
GR8M8S
1 year ago

AOC, Ms Warren and others would point out that all those blokes are white which confirms this ‘evil’ of the white male world. Unless they were to inherit or marry into the top 1000.

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