Money and Power
A Personal Connection
Whenever I get a new job, the first thing I do is call my dad. And the first thing he asks me is: How much are they paying you? The man’s obsession with dollars and cents is lore in the Drummond family. But his zealous interest in the size of my paycheck is for very good reason: Money runs the world, after all, whether you have any or not. So, Mr. Drummond figures, you may as well try to make as much as you can.
The Importance of Money
My inherited pathologies aside, WIRED’s interest in money is as obvious as it is enormous: We cover an industry awash in trillions of dollars, and that industry just so happens to be shaping everything about the way we all live. But who exactly has that money? How are they wielding it? And what does that mean for the rest of us? To find out, we dispatched some money-eyed WIRED reporters to far-flung locales: From the United Arab Emirates to Denmark to Washington, DC, to freaking Florida, we cast far and wide to bring you some uniquely WIRED stories documenting wealth and power across the planet.
A Surprising Observation
Finally, a group of editors sat down to assess our lineup. And we noticed something, as we flicked through the drafts and infographics. Wherever in the world we’d sent a reporter, whichever corner of the technology landscape we were covering, the holders of all of that money? Men. All of them. Every. Single. One. Bill Gates, who sat down with Steven Levy to talk about his new memoir (stay tuned), has enjoyed 19 of the last 30 years atop the list of the world’s richest people. Of the 30-odd crypto investors in Trump’s inner circle, all of them are—wait for it—guys. Even the young people hustling door-to-door in the Sunshine State, shilling solar panels in a desperate bid to become millionaires by 30, are, well, men.
A Lack of Diversity
So let me be the first to point it out: There is more testosterone in this issue than the last decade of People’s Sexiest Man Alive editions combined. In part, that’s a reality borne of circumstance: 87 percent of billionaires around the world are men, and women continue to be vastly, outrageously outranked in executive positions within the tech industry. None of that even begins to account for racial diversity, which paints an even bleaker picture. And it’s one likely to continue apace, as tech giants like Meta and Google chip away at their DEI investments. Meanwhile, the online manosphere—newly emboldened by President Trump and his First Buddy Musk—continues to metastasize in scope and influence.
A Call to Action
But I’ll take ownership too. At WIRED, it’s our failure of editorial foresight and imagination to have seen the obvious—the blatant, persistent masculinity, page after page—only at the last minute. To not have, earlier in our assigning process, decided to interrogate the fraught and fractured gender dynamics of wealth accumulation, of corporate influence, of power. All of which still, infuriatingly, belong nearly exclusively to people with penises, with boardroom-commanding baritones, and with a centuries-long head start.
Conclusion
Don’t get me wrong: You’ll enjoy this issue, both in print and online. We hope you learn a thing or two about how the big bucks in tech are being amassed and spent, and the people—the men—amassing and spending them. But from one woman in charge to all the guys out there, including those featured in our pages: It might be a rich man’s world for now, but trust me, women like money too. And we’re coming to take some of yours.
FAQs
Q: Why is the issue of wealth and power dominated by men?
A: Unfortunately, 87 percent of billionaires around the world are men, and women continue to be vastly outranked in executive positions within the tech industry.
Q: What does this mean for women and underrepresented groups?
A: It means that they are still largely excluded from the conversation about wealth and power, and that their voices and perspectives are not being represented.
Q: What can be done to change this?
A: WIRED is committed to increasing diversity and representation in our reporting and storytelling. We hope to inspire others to do the same and to create a more inclusive and equitable industry.
Q: What’s the message to men who hold power and influence?
A: We’re coming for your money, and we’re not going to apologize for it. Women like money too, and we deserve a seat at the table.
