Wealth doesn't go straight up, it bubbles up. And thinking about bubbles, imagine what happens when the GenAI one pops. The wealth some new billionaires had wi

Wealth doesn't go straight up, it bubbles up. And thinking about bubbles, imagine what happens when the GenAI one pops. The wealth some new billionaires had will go up in smoke, their assets will go on sale, and they'll be gobbled up by the old billionaires.