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Oliver's avatar

Are the ultra rich immune from fertility trends?

The median number of kids of the 20 richest men in the world is 3 with a mean of 3.75 (mainly Musk).

Will Solfiac's avatar

That's not hugely different (though probably somewhat higher) than TFR when they had their kids. I've seen some data indicating that there is a positive correlation particularly at very high levels of income, but not sure how reliable it is. https://www.maximum-progress.com/p/the-2nd-demographic-transition. Lyman Stone thinks the data is problematic https://medium.com/@lymanstone/fertility-and-income-some-notes-581e1a6db3c7