Grady Booch: Two Billionaires U.S.

Posted by admin on Wednesday, December 1, 2021

Grady Booch Money Quote saying 50 years ago there were only a couple of U.S. Billionaires and today there are nearly a thousand. Grady Booch said:
 
 Billionaires J Paul Getty and Howard Hughes, each worth around $1-1.5 billion. In 2021, there are 724 billionaires Quote
 

“In 1969, there were two billionaires in the United States: J Paul Getty and Howard Hughes, each worth around $1-1.5 billion. In 2021, there are 724 billionaires in the United States” — Grady Booch

 
 

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In this quote, Grady Booch is making an observation about the dramatic growth in extreme wealth in the United States over the past 50+ years. Specifically:

  • Booch notes that in 1969, there were only two billionaires total in the US, with each worth between $1-1.5 billion in today’s dollars.
  • However, by 2021 there were 724 billionaires residing in America according to his data, showing a massive increase in ultra-high net worth individuals.

The best interpretation is that Booch is highlighting how the ranks of the ultra-wealthy in the US have expanded enormously relative to the very small numbers several decades ago.

His quote conveys how the rise of industries like technology and finance contributed to a huge proliferation of billionaires and unprecedented fortunes being amassed in recent times compared to the country’s economic elite in the late 1960s based on his comparative statistics.

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