Sam Wilkin, economist author of
Wealth Secrets of the One Percent, explains to MONEY’s Kate Santichen that having a billion-dollar idea doesn’t guarantee you’ll become a billionaire, or even a millionaire.
He uses the example of Bill Gates, who’s worth around $80 billion.
Gates isn’t super-wealthy because he’s superhuman, says Wilkin. He’s wealthy because he was able to establish property rights over his software, with the help of his father, a lawyer. His contracts, and his legal protections, insulated him from competition. And that’s how he was able to get on the road to wealth.
Sam Wilkin, economist author of
Wealth Secrets of the One Percent, explains to MONEY’s Kate Santichen that having a billion-dollar idea doesn’t guarantee you’ll become a billionaire, or even a millionaire.
He uses the example of Bill Gates, who’s worth around $80 billion.
Gates isn’t super-wealthy because he’s superhuman, says Wilkin. He’s wealthy because he was able to establish property rights over his software, with the help of his father, a lawyer. His contracts, and his legal protections, insulated him from competition. And that’s how he was able to get on the road to wealth.
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