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It's ridiculous to assume they don't work. They don't have to but I bet most if not all of the billionaires that didn't just inherit their fortune are total workaholics.
Yeah, that's mostly the case. There's a lot of people here just making a lot of assumptions, but there's quite a bit of information on billionaires as individuals. For instance, there's this Forbes list, where you can click each one to get a summary of how they got rich.