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Why is that hard to believe? The mega-rich are not notably more intelligent than anyone else, they just started decades ago with inherited wealth and got lucky early.
Oh this isn't meant to imply that rich people are smarter than anyone else. More hard to believe in that I don't want a man with such immense power and wealth to be absolutely stupid. The obvious best choice is no one having a billion dollars.
Ahh, so less "hard to believe" and more "unpleasant to believe", that's fair.