Beating an index fund while also spending some of the money is vastly more difficult than just beating the index. The real question is do they beat inflation. And in that context you see:
Churn on that list is largely an illusion.
The wealth required to maintain a spot on Forbes list is growing significantly faster than inflation. Wealth that would have put you in first place in 1992 ($6.3 Billion) or 12.49 Billion in 2020 money, is less than 1/2 what it takes make the top 20 today. Don’t worry Bill Gated may have lost the #1 spot, but hey he’s got 7x as much money despite giving away billions.
Churn on that list is largely an illusion.
The wealth required to maintain a spot on Forbes list is growing significantly faster than inflation. Wealth that would have put you in first place in 1992 ($6.3 Billion) or 12.49 Billion in 2020 money, is less than 1/2 what it takes make the top 20 today. Don’t worry Bill Gated may have lost the #1 spot, but hey he’s got 7x as much money despite giving away billions.
https://www.forbes.com/sites/hayleycuccinello/2020/04/07/the...