Thomas Piketty, a Nobel Prize winning economist, shot to fame in his 2013 when he published his book "Capital in the Twenty-First Century," which focuses on wealth and income inequality. "Wealth is often gained and lost within three generations," says the report. This means that getting into the list, which ranks the 1000 richest people in Britain, and then exiting it, is a "revolving door." It is no longer a list that mainly features aristocrats. "The Sunday Times Rich List data challenges the idea that wealth sits in the same families’ pockets for generation after generation. The very rich are a changing cast of people," said Professor Douglas McWilliams, who conducted the research, to The ...
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