Edgar Bronfman: Million Inevitable

Posted by admin on Saturday, October 3, 2020

Edgar Bronfman, Sr. Money Quote saying to turn large amounts into more money is simpler than increasing small amounts. Edgar Bronfman, Sr. said:
 

 

“To turn $100 to $110 is work. To turn $100 million into $110 million is inevitable” — Edgar Bronfman, Sr.

 

 

In this quote, Edgar Bronfman Sr. is pointing out that accumulating wealth becomes exponentially easier once you already have a great deal of money and resources. He suggests that earning a modest 10% return on a small $100 investment requires focused work and effort.

However, gaining the same 10% return on a much larger sum of $100 million can almost happen passively, as immense wealth begets more wealth through interest, investments, and opportunities that are inevitably available only to the very rich.

The quote conveys Bronfman’s view that accumulating vast riches becomes much more effortless once one has reached a very high level of initial capital, unlike the challenges of increasing a modest amount of funds. He appears to be acknowledging the self-perpetuating nature of substantial wealth.

Birthday: June 20, 1929 – Death: December 21, 2013

Categories: work Tagged:edgar bronfmanmillionwork