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Originally Posted by 450SEL6.9  Take a look at the 2007 Sunday Times Rich List.
I do have my doubts on their accuracy. Privately-held fortunes are impossible to value. Celebrity fortunes also keep increasing at massive percentages. Hmm . . . I always wonder if some celeb publicist planted certain numbers. They seem perpetually inflated.
A Canadian Rich List retracted one family when it wrote to the magazine saying that if the editors believed their valuation of their family business, the family will sell it to them for a 50% discount. |
You are absolutely right. Most lists are only approximations and are subject to be false. There are all sorts of lope holes in some countries allowing you to hide money. Lots of rich people hide money abroad, in places like the Cayman Islands and even Switzerland to prevent their fortunes be raped by the tax authority back home.
You'd be amazed by the number of rich people who hire attorneys specialized in hiding money and keeping it away from the domestic government.