The November 14th issue of Forbes magazine includes the 35th edition of the annual feature, “The 400 Richest People in America.” I don’t know if the scorecard I noticed this year is new or just one that I never paid attention to previously, but as part of each billionaire’s biography there is a “self-made” rating.
Each individual is given a score on a scale of 1-10 as to whether his or her wealth was inherited or self-made. Although I looked, I couldn’t find a reference guide anywhere that defined what earned one a score of 4, let’s say, versus 5, leaving me to guess for myself. The top four entries, Bill Gates, Jeff Bezos, Warren Buffett and Mark Zuckerberg are all rated as 8s, while 10s are doled out sparingly. Not surprisingly, some descendants of great entrepreneurs rank as 1s and 2s.
These rankings irked me. While I abhor the notion of “white privilege,” “male privilege” or any other kind of privilege terminology employed as a form of extolling and perpetuating victimhood, these rankings seemed to ignore reality.