The reason that some go on about Jewish financial dominance is that because in some sense it actually exists (although unlike the anti-Semites/ZOG’ers I see no evidence that it is achieved with under-handed, coordinated, or conscious methods on the part of Jews as a group). The blogger race/history/evolution notes recently compiled two tables analyzing the ethnicity of the Forbes 400 list of the richest Americans. The first two columns describe their share of the Forbes 400 list in 1987 and 2010, while the third calculates their total wealth as a share of everyone on that list.
|n% (1987)||n% (2010)||wealth% (2010)|
Immediately striking of course is the presence of American Jews, who constitute more than a third of The 0.0001% by both wealth and number. We know of course that there is a correlation between intelligence and income though it’s not overly strong (about 0.3). An IQ of 120 or at most 130 is typically assumed to be the cutoff point at which additional gains in intelligence cease to have much of an effect on earning power.
Of the US’ 6mn Jews, assuming an average IQ of 115 (other estimates, including Lynn’s, say 110) and SD of 15 there are about 1mn with an IQ of 130 or more. Of the US’ c. 150mn Northwest Europeans, assuming an average IQ of 100, there are about 3.5mn with an IQ of 130 or more. The “natural” ratio of NW European billionaires to Jewish is something like 3:1 or 4:1 (even using the higher estimates of Jewish IQ) whereas in reality it’s actually 14:10.
That said, this does not seem to be specific as such. Other diasporic peoples from the Med also do in excess of what their share of the high-IQ US population would seem to indicate. For instance, Greek Americans constitute about 0.5%-1% of the US population, but constitute 1.75% of the Forbes 400; Middle Easterners (Arabs and Iranians) constitute slightly more than 0.5% of the US population but also constitute 1.75% of the Forbes 400. It should be noted that the vast majority of Middle Easterners in the US are Arab Americans who in turn are Christians from the Levant, who have traditionally constituted market dominant minorities in the Near East along with Jews and Greeks. (Indeed, their reputation for trade and commerce goes back to Biblical times, i.e. Phoenicians).
It should also be noted that Greeks have an IQ of about 95 and Lebanon/Syria/Egypt of slightly more than 80. Although granted, the figures would be far higher for Arab Americans because of greater exposure to the Flynn Effect, and because they are Christian and as such, having lived under Christian laws, are unlikely to have had a long history of intensive consanguineous marriage as with the Muslims there. These caveats aside, it is still very likely that Greek Americans and Arab Americans have IQ’s lower than those of NW European Americans and as such their shares of the Forbes 400 is almost as impressive (if far less notably) in its way as that of the Jews.
Anyway, the pattern is clear. The share of billionaires by their ethnic groups appears to correlate very well with its share of the total high-IQ American population. The three major (upwards) outliers are Jews, Greek Americans, and Middle Easterners i.e. Christian Arab Americans. One wonders what it is about their culture (or genetic heritage? – they are all fairly close to each other on genetic maps) that make them outperform indigenous ethnic groups relative to their own average IQ’s and share of the population.
PS. From an earlier post, telling, Israelis and Greeks are some of the most materialistic peoples in the world in terms of considering wealth to be of importance. That might also be a factor why they produce more billionaires than one would expect them to.