It does have a lot to do with total assets though.
Because at a certain point all assets(capital) generates its own money. It’s the very basis of Capitalism.
Bill Gates total income didn’t double during COVID. His assets just are worth a lot twice as much. Therefore he now is worth twice as much, and his assets generate twice as much wealth thereby compounding the issue.
Also, wealth does not only come from the amount of assets yoi have, your net income plays a big role in that as well.
It does have a lot to do with total assets though.
Because at a certain point all assets(capital) generates its own money. It’s the very basis of Capitalism.
Bill Gates total income didn’t double during COVID. His assets just are worth a lot twice as much. Therefore he now is worth twice as much, and his assets generate twice as much wealth thereby compounding the issue.