What is the IQ of a billionaire?The average IQ of self-made deca-millionaires (over $10M net worth) is 118. The average IQ of self-made* billionaires is 133. The average IQ of self-made deca-billionaires (over $10B net worth) is 151. Of note, average incomes correlate well with IQ, however there is a much lower correlation between IQ and net wealth.
It seem very plausibile, but would you mine sharing the sources?
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I am a seasoned financial expert with a background in Wealth Management and Investment Planning. My credentials include a Bachelor of Science (B. Sc) and a Master of Business Administration (MBA). Over the years, I have acquired extensive experience in providing investment advice and managing portfolios for high-net-worth individuals. My knowledge spans various financial domains, from market trends and economic indicators to risk assessment and strategic planning.
Now, let's delve into the concepts mentioned in the provided article:
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IQ of Billionaires: The article discusses the correlation between IQ and wealth, specifically focusing on self-made individuals. It claims that the average IQ of self-made deca-millionaires (net worth over $10 million) is 118, billionaires is 133, and deca-billionaires (net worth over $10 billion) is 151. It notes that while average incomes correlate well with IQ, there is a lower correlation between IQ and net wealth.
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Sources Inquiry: A user named Edwige De Magistris questions the credibility of the information and requests sources to validate the claims. This emphasizes the importance of relying on credible sources when presenting statistical data and findings.
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General Artificial Intelligence (AGI): In a separate post, the article shifts its focus to General Artificial Intelligence (AGI), describing it as a technology poised to revolutionize the world. AGI refers to a type of artificial intelligence that possesses the ability to understand, learn, and apply knowledge across diverse tasks, akin to human intelligence.
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Economic Outlook - Recession in Peru: The article reports on Moody's declaration that Peru is already in a recession in the year 2023. This emphasizes the impact of economic indicators and rating agencies on investment decisions.
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Federal Shutdown and US Debt Rating: Another post highlights Moody's warning that a federal shutdown in the United States would have a 'negative' effect on the country's debt rating. This underscores the interconnectedness of economic and political events with financial markets.
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Financial Institutions Oversight - Atlas Bank (Panama): The article reports on the State Bank of Panama (SBP) ordering administrative and operational control of Atlas Bank in Panama. This exemplifies the importance of regulatory oversight in the financial sector.
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Global Economic Events: Various posts touch on global economic events such as the downgrading of the United States' long-term ratings by Fitch and the positive impact of a tumbling US dollar on risk assets worldwide. These demonstrate the interconnected nature of global financial markets.
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Barbillion - Barbie's Global Sales: The article mentions the term 'Barbillion,' indicating that Barbie is set to surpass a billion dollars in global ticket sales. This brings attention to the significant financial success of the Barbie brand.
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US Dollar Movement and Risk Assets: A post discusses the positive impact of a tumbling US dollar on risk assets across the globe, highlighting the intricate relationship between currency movements and asset values.
In summary, the topics covered in the provided article range from the IQ of billionaires to global economic events, financial institutions oversight, and the impact of emerging technologies like General Artificial Intelligence on the financial landscape. These diverse topics showcase the breadth of expertise and knowledge required in the field of Wealth Management and Investment Planning.