ELI5- how exactly do ‘bankers’ become the richest people around(Jp Morgan, Rockefeller, rothschilds etc.), when they don’t really produce anything.

Question

ELI5- how exactly do ‘bankers’ become the richest people around(Jp Morgan, Rockefeller, rothschilds etc.), when they don’t really produce anything.

In: 17100

Answer 1

Step 1: have a lot of money already.

Step 2: let someone borrow a bit of that money, but make sure they pay you back **more** than they borrowed.

Step 3: repeat.