Big Think

Why the ultra rich get rich, explained in two charts | Brian Klaas

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Jun 2, 2025
Brian Klaas, a political expert from University College London, dissects the myth that billionaires are inherently brilliant. He reveals that luck plays a much larger role in their success than talent. Klaas highlights a study showing that the richest individuals are often just slightly above average, benefiting from fortunate circumstances rather than exceptional skill. He also discusses how the relentless greed of billionaires drives them to accumulate wealth, revealing a darker side to extreme wealth that challenges common narratives.
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INSIGHT

Wealth vs Talent Distribution

  • Wealth distribution doesn't follow a normal curve like talent or height.
  • Extreme wealth involves a long tail with few billionaires having vastly more than average people.
INSIGHT

Luck Trumping Talent

  • The richest people are not the most talented but those slightly above average who get repeatedly lucky.
  • Luck hitting the middle of the talent curve explains huge wealth better than extraordinary talent.
ANECDOTE

Elon Musk's Mixed Genius

  • Elon Musk achieved success due to some talent plus significant luck and support from skilled teams and funding.
  • His failure with Twitter showed his so-called genius isn't transferable across all industries.
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