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Hate to break it to you but what you described about the "new" millionaires is the majority of all multimillionaires, regardless of generation.

See: The Millionaire next door



I accidentally downvoted you due to fat finger error, sorry.


Well I'm crushed, but hopefully I can get over it ;)


I hope most people understood this. In fact bulk of the worlds rich is invisible, they become rich through mundane savings and investment methods everybody else avoids.

World is a strange place. Very few millionaires win and lose spectacularly. Nearly all of rich people out there are silent and invisible.




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