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Rockefeller and Carnegie held international assets, Vincent Geloso notes
Vincent Geloso points out that significant fortunes such as those of Rockefeller, Carnegie, and Astor were not solely derived from U.S. output.
He explains that these prominent figures also held assets that generated income abroad, through direct foreign securities and investments or through their multinational business operations.
Geloso previously discussed the role of lotteries in funding public goods across borders. He has also commented that inflation levels have remained steady without slowing since mid-2023. His recent remarks add new context to longstanding debates about international capital and wealth flows.
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