Assertion Supported AI assessment confidence: 98% certainty 4/5 debate potential 2/5

Summers: Less than 10% of the 1982 Forbes 400 remained in 2012

Larry Summers · a16z Podcast | The Two Big Problems With Thomas Piketty’s “Capital in the Twenty-First Century” · Jan 2, 2019 · at 4:35

Former U.S. Treasury Secretary Larry Summers cites wealth turnover statistics while debating Thomas Piketty's economic theories on the a16z Podcast.

0:00 / 0:23exact quote · 23.1s

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“Forbes looked at its 20, looked in 2012 Add its 1982 Forbes 400 and found that less than 10% of those who were on the 1982 Forbes 400 were still part of the 20 12 Forbes 400.”

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The claim, plainly

A 2012 Forbes analysis found that less than 10% of the individuals on the 1982 Forbes 400 list remained on the list in 2012.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

On September 20, 2012, Forbes published a 30th-anniversary analysis titled 'The Forbes 400 Hall Of Fame: 36 Members Of Our Debut Issue Still In Ranks,' which confirmed that exactly 36 members from the debut 1982 Forbes 400 list remained on the 2012 list. This represents 9.0% of the original 400 individuals, verifying the statement that less than 10% remained.

Forbes published 'The Forbes 400 Hall Of Fame: 36 Members Of Our Debut Issue Still In Ranks' on September 20, 2012, reporting 36 individuals from the 1982 list remained on the 2012 list (36/400 = 9.0%).

Checked against

[1] wikipedia.org [2] forbes.com [3] forbes.com [4] cato.org [5] heritage.org [6] forbes.com

Forbes 400 30th anniversary 1982 2012 turnover Forbes 400 1982 2012 10 percent "36 members" "Forbes 400" 1982 2012

assessed as of 2026-08-27

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