[bko]

You might have this idea that people just fall into great wealth through random happenstance and then just buy ETFs passively but that's not true. There are a lot fewer bill Gates types holding ETFs than there are 8 figure net worth guy that owns half a dozen car dealerships. Or doctors/lawyers that own their own practice. A lot of ceos also get paid huge amounts in stock. That's much more the norm

> Family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country's employment, and account for 78 percent of all new job creation.

https://www.familybusinesscenter.com/resources/family-busine...