Callum Williams

speaker

79 appearances 1 recordings 1 series first heard Jul 2026 last heard 23 Jul

Callum Williams’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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So what is actually happening is that it's a range of different sectors that people are making vast fortunes in.

Yes, you do have the people in entertainment, broadly defined in music and sports.

They're one sector.

You have a lot of people in finance who've done extremely well.

But then you have a bunch of people who have made vast fortunes in industries that don't get a lot of attention.

So, for example...

The founders of Panda Express are multi, multi billionaires.

Panda Express is a place that you get noodles and rice for $10, $15.

The founder of Uniqlo has tens of billions of dollars.

So it's lots and lots of people like this rather than it all being tech or all being oligarchs.

It's a very good question.

And this is the thing that caused me to puzzle the most.

China is clearly one thing.

China has grown rapidly over the past 25 years.

The consumer sector has increased very significantly.

So you've got a bunch of people who've become billionaires that way.

You've also got the fact that we've had very strong market returns, especially in the US for the past decade.

25 years.

And that has just minted a lot of people who say work in hedge funds and private equity, that kind of thing.

But also if you founded a technology company, the value of the company that you own or you founded has gone up a lot.

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