Wed 9/16 @ 6:00PM
Labyrinth Books, 122 Nassau Street

Join us for a discussion between Owen Zidar and Alan Blinder. The Everywhere Millionaire is Zidar’s groundbreaking new portrait, co-authored with Eric Zwick, of the hidden fortunes of Main Street business owners—ordinary Americans who built extraordinary wealth and are quietly rewriting the rules of money and power.

Most people think the path to great wealth runs through Wall Street or Silicon Valley. We’re told you must be a Zuckerberg, a Musk, or a Jamie Dimon to get rich. But this story is wrong.

Drawing on unprecedented data from a decade of research and vivid real-life stories of entrepreneurs—from a self-made hot-dog stand billionaire to the heirs of an auto dealer—Zidar and Zwick reveal a surprising truth: prosperity is more attainable, more widely distributed, and closer to home than we imagine. A multitude of Americans have built staggering fortunes by running often unglamorous businesses far from the spotlight. A quiet revolution in the business world—the rise of “pass-through” firms like S-corporations and partnerships—supercharged this wealth, channeling vast income directly to business owners rather than traditional corporations.

Part economic detective story, part roadmap to riches, this book reveals:
—The Hidden 1%: They might be a local beer distributor, a dentist with a regional network of practices, a commercial HVAC contractor with trucks around town, or a restaurateur who keeps opening new locations. For every public company CEO, more than a thousand private business owners each have transformational wealth.
— The Blueprint for Wealth: Zidar and Zwick describe where Main Street Millionaires come from, how they grew rich, and how much money they make. Their stories suggest the American Dream is not dead and many paths to prosperity remain open today.
— Power Brokers: Armed with their fortunes, Main Street Millionaires wield power in city halls, statehouses, and Washington, often bending policy to protect what they’ve built. They are both growing the economic pie and grabbing bigger slices for themselves.

The Everywhere Millionaire celebrates the stories of entrepreneurs who seized opportunities while asking hard questions about how concentrated wealth and power shape society. It is an essential guide to seeing the economy as it really is and recognizing the surprising paths to prosperity—and influence—everywhere.

Owen Zidar is a Professor of Economics and Public Affairs at Princeton University. Zidar earned a Ph.D. in Economics from the University of California, Berkeley, and a B.A. from Dartmouth College. He lives in Princeton, New Jersey, with his wife and three children.

Alan S. Blinder has been on the Princeton faculty since 1971, taking time off from January 1993 through January 1996 for service in the U.S. government–first as a member of President Clinton’s original Council of Economic Advisers, and then as Vice Chairman of the Board of Governors of the Federal Reserve System. In addition to his academic writings [books, academic articles] and his best-selling introductory textbook, he has written many newspaper and magazine; columns and op-eds and, in recent years, has been a regular columnist for The Wall Street Journal. He also appears frequently on CNBC, Bloomberg TV, and elsewhere. Dr. Blinder was previously President of the Eastern Economic Association and Vice President of the American Economic Association. He has been elected a Distinguished Fellow of the American Economic Association, and a member of the American Philosophical Society, the American Academy of Arts and Sciences, and the American Academy of Political and Social Science (AAPSS). In October 2023, he was awarded the Daniel Patrick Moynihan Prize by the AAPSS.

This event is co-sponsored by the Princeton Public Library, Princeton University’s Department of Economics, and Labyrinth Books.