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Old 04-28-2007, 08:00 PM   #12 (permalink)
Centurion
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Re: How much do you need to be "rich"?

Quote:
Originally Posted by 450SEL6.9 View Post
mercmad, do you know when the first UK Rich List was printed? Any ideas what was the minimum you needed to get on such a list in the 1980s?

Luwalira, it is interesting that you bring up those billionaires' names. In '87, Forbes published its first worldwide billionaires list. These where then the richest and, presumably, smartest people in the world. You would expect them to have longevity. Unfortunately, not one of the ten richest men in the world in '87 is still in the top ten in 2007. I think only 25% of the names on the initial list are still there today! And these are some of the smartest men around.
What's so unusual about that? You can be academically talented have an IQ above average and still be as worthless at business as an in-an-out meal is as a dinner. Making money is a game, a gift regardless if it is legal or illegal. If you're good at it, you can flip a coin into a bundle of money.
P. Diddy is a good example. He is an artist and honestly a quite wack one. The money he has had coming in from record sales is only a fraction of what some of the top selling artist who have existed the latest 10 years. Thanks to his money skills he is worth an estimated $346 Millions, which makes him one of the richest people in show business.
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