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For those complaining about Frodo’s rank: it’s not about money. Merry was the son of the Master of Buckland and Pippin was the son of the Thain. They were both next in line for hereditary leadership roles; Frodo was not.
I think they have that backward with Frodo; he was the richest person in the Shire, by far.
Yes, but he and Bilbo were nouveaux-riches in terms of Bilbo’s enormous wealth, and not significantly landed. They were a respected established family, and recently connected to the Tooks and Brandybucks, but Merry and Pippin are next in line to be the Master of the Hall and ‘The Took’ (and presumably Thain?).
