Not particularly relevant. A significant chunk of that inherited wealth comes in the form of housing. The US has a total wealth of $105t, $36.2t of that is housing, which then ends up getting inherited by homeowners' children.

We're talking about how billionaires make their wealth as a proxy for entrepreneurship. It makes no sense to talk about how many billionaires Sweden has as a measure for their entrepreneurship if most of them inherited their wealth.

> > 50% of all wealth in the United States is inherited by the top 5% wealthiest families.

> Not particularly relevant. A significant chunk of that inherited wealth comes in the form of housing. The US has a total wealth of $105t, $36.2t of that is housing, which then ends up getting inherited by homeowners' children.

Feels utterly relevant; what's irrelevant is your fact that much of US wealth is bound up in housing: The top 5% wealthiest families are hardly likely to live in 50% of all housing.

Gates/Allen/Bezos/Jobs/Ellison/Google/Netflix/etc did not inherit their wealth.

Of the top 15, 5 inherited. You are right that billionaires are less likely to have inherited wealth.

...but they are still extremely likely to come from families with very strong political connections. Wealth is the byproduct.