Jennifer Rubin: From Donald Trump to Elon Musk, the billionaire myth took quite a beating this year

Donald Trump is facing civil liability for exaggerating his wealth. Photo: Bryon Houlgrave

Jennifer Rubin
Washington Post

Long before Donald Trump rode down the golden escalator or Elon Musk purchased Twitter or Sam Bankman-Fried built a crypto empire, Americans lionised billionaires.

“The idea of a self-made American billionaire is the super-sized version of all other self-made myths, and outlandish to the point of being at least mildly insulting,”, a blog about business schools, said. “Individual achievement still deserves recognition. But these things don’t operate in a vacuum – and massive wealth is never solely attributable to the actions of a single person.”