🤦🏿♂️ No. This is not true. Extreme wealth does not turn you into a fascist.
White people that don't know anything, but that think that they do, and don't talk to or listen to enough Black people, believe this garbage.
Thiel and Sacks wrote a book on their beliefs way back when they were at Stanford. Musk has always been like this. They've always been alt-right.
Mackenzie Scott became extremely wealthy at the exact same time and place as Bezos. And yet her views haven't changed. Melinda Gates' views have not changed. LeBron is not a fascist. Craig Newmark didn't go fash.
The ultra wealthy fashy dudes have been hanging out in the same 4chan boards since when they were SWEs and SDEs, to when they were founders and CEOs, to when they were VCs.
They've been like this. Y'all just don't listen to Black people.

@mekkaokereke I would agree you don't magically become racist by becoming rich. Though I think there have been enough studies now that point out there's at least a higher chance of becoming an asshole. Combine that with being racist and society generally letting rich people do whatever they want, I suppose that can give the appearance that people become racist with wealth.
https://www.theguardian.com/science/2026/sep/03/ig-nobel-prize-awards-2026-winners
Rich people more likely to steal children’s sweets, finds Ig Nobel prize-winning study