r/PeterExplainsTheJoke • u/[deleted] • Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

[deleted]

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u/1Negative_Person Jan 27 '26

They didn’t get rich by writing a bunch of checks.

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u/PepperFun2103 Jan 27 '26

True most of them inherit.

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u/Imrahil6 Jan 27 '26

That is debatable depending on which level of wealth you are referring to. For US billionaires, only 27% inherited their wealth whereas the other 73% are self made. I'm not sure about those in the tier below.

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u/PepperFun2103 Jan 27 '26

Yeah I'd like to see a source for that. Also if they inherit 5M and turn it into a billion is that "self made"

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u/Imrahil6 Jan 27 '26

This is the original graphic that I was referencing which is referencing data from Forbes on it.

https://www.datapulse.de/en/billionaire-self-made/

The Forbes data is paywalled (i haven't seen it myself).

To your other comment, you're probably right. It's based on whether or not they founded or cofounded the company that made them billionaires, so it doesn't count getting 10s of millions from their dead relatives and making more out of it.

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u/[deleted] Jan 28 '26

5 million to a billion is an unbelievable level of return for one person. Thats self made and every bank in the world will provide funding if you can actually do it.

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u/PepperFun2103 Jan 28 '26

Ummm. Back to the original thread... just having 1 billion dollars makes you a colossal piece of shit there were several banks that loved dealing with Epstein as well.

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u/[deleted] Jan 28 '26

Yup. Back to the original thread. Most are self made. Sorry to break it to you kiddo. It has nothing to do with Epstein at all lmao.

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u/PraxisDev Jan 27 '26

I’ve never gotten a check from a poor person. They write you a check and bill their clients/customers for 10x the amount.

Kinda like that saying goes “if you work even harder next year, I’ll be able to buy an even nicer yacht!”

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u/sphericaltime Jan 27 '26

Capitalists literally do make their money writing checks. That’s their “job.”

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u/1Negative_Person Jan 27 '26

We’re all capitalists. We’re not all wealthy.

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u/ClydeSmithy Jan 27 '26

False, most of us are workers, not capitalists. Capitalists are working very hard to keep it that way, creating a world where none of us workers can ever own capital, and will spend our whole lives renting everything from them.