Masters in Business · Wednesday, September 30, 2026
Individuals worth $100 million or more are 62 times more likely to serve in Congress compared to their representation in the general population, while decamillionaires ($10 million+) are 10 times more likely. This overrepresentation of the wealthy in government is suggested to influence policy decisions, potentially leading to loopholes and contributing to wealth inequality.
“So the deca millionaires, people worth $ 10 million are 10x as likely to sit in Congress, 10 times as likely to sit in Congress as they're found in the general population.”
“But where this is really egregious is with the group of people worth 100 million or more, the centimillionaires, you're 62 times more likely to sit in Congress as you are to be found in the general population.”
“If you go to their grocery store, one out of every 33 people you meet are private business owners. If you go to Congress, it's one out of four.”