Unless they're investing in PE then that's not necessarily true. There's a difference between creating wealth via innovation and production, vs extracting wealth. I know everyone wants to hate on billionaires these days, but it's worth keeping mind that the ways in people create wealth and make money are not necessarily equivalent. Some are a non-zero-sum game that create extraordinary social good and lift all ships, some are a zero-sum-game that merely extract wealth from others. Let's try not to throw out the baby with the bathwater.