Grady Booch: Two Billionaires U.S.
on Wednesday, December 1, 2021Grady 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:
“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
Share the Grady Booch Money quote image above on your site:
Short Link to this Quote:
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.
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, a list that includes both you and Elon.
— Grady Booch (@Grady_Booch) November 15, 2021