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From two leading economists comes a groundbreaking new portrait of the hidden fortunes of Main Street business owners--ordinary Americans who built extraordinary wealth and are quietly rewriting the rules of money and power.
Most people think the path to great wealth runs through Wall Street or Silicon Valley. We're told you must be a Zuckerberg, a Musk, or a Jamie Dimon to get rich. But this story is wrong. Drawing on unprecedented data from a decade of research and vivid real-life stories of entrepreneurs--from a self-made hot-dog stand billionaire to the heirs of an auto dealer--Zidar and Zwick reveal a surprising truth: prosperity is more attainable, more widely distributed, and closer to home than we imagine. A multitude of Americans have built staggering fortunes by running often unglamorous businesses far from the spotlight. A quiet revolution in the business world--the rise of "pass-through" firms like S-corporations and partnerships--supercharged this wealth, channeling vast income directly to business owners rather than traditional corporations. Part economic detective story, part roadmap to riches, this book reveals:Owen Zidar is a Professor of Economics and Public Affairs at Princeton University. Zidar earned a Ph.D. in Economics from the University of California, Berkeley, and a B.A. from Dartmouth College. He lives in Princeton, New Jersey, with his wife and two sons.
Eric Zwick is the Joel F. Gemunder Professor of Economics and Finance at the University of Chicago Booth School of Business. Zwick earned a Ph.D. in Business Economics from Harvard University and a B.A. from Swarthmore College. He lives in Chicago, Illinois, with his wife and son.Thanks for subscribing!
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