Maybe merely having a billion dollars isn't what pg was thinking of when talking about "the richest people". If you look at the top 100, like he quotes in his article, only 27 inherited their fortune.
Maybe only 27 inherited large fortunes, but many more started at a much more privileged position than anyone in the rooms Paul is talking to. Maybe they're not from billionaire families, but almost all of them come from families the top 1-3% in terms of wealth.
Who was he talking to? I have no idea what kids pg was talking to, but if it was to peers of his own kids, chances are they are already firmly in the 1%. In any case, to go from top 1-3% to the top 0.0000001% is still incredibly rare and noteworthy. Just because it is easier to do that than go from the top 50th% to the top 0.0000001% doesn't mean it is actually easy.
