A mere billion isn't so rich anymore

  1. #1
    _Scarface_'s Avatar
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    A mere billion isn't so rich anymore

    It now takes at least $1.3 billion to make Forbes' annual list of the 400 most affluent Americans. The list's newbies include a roster of private-equity buyout kings; its youngest is a former Enron trader.

    A billion dollars is no longer enough. The price of admission to this, the 25th-anniversary edition of the Forbes 400, is $1.3 billion, up $300 million from last year. The collective net worth of America's leading plutocrats rose $290 billion to $1.54 trillion.

    Wall Street led the charge despite this summer's market jitters. Nearly half of the 45 new members made their fortunes in hedge funds and private equity. Money manager John Paulson joins the list after pocketing more than $1 billion short-selling subprime credit this summer.


    Bill Gates is at the top of the list with a net worth of $59 Billion

    The richest in sports is Miami Heat owner Micky Arison. Arison has a net worth of $5.8 Billion.

    http://articles.moneycentral.msn.com...aspx?GT1=10423
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    I wonder If I wrote all sorts of letters of admiration they could all pitch in for a new car and maybe some property to build a house on. That'd be nice.

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    Quote Originally Posted by sportsfan41
    I wonder If I wrote all sorts of letters of admiration they could all pitch in for a new car and maybe some property to build a house on. That'd be nice.
    Stranger things have happened.

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    Darn, always been a goal to make this list and I just reached the 1.299B level on my public school educator salary.

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    Quote Originally Posted by ladiesbballcoach
    Darn, always been a goal to make this list and I just reached the 1.299B level on my public school educator salary.
    Sometimes it's best to fly just under the radar. Ain't KERA great?

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    I'm working hard...my plan is to be on that list in the next 3-5 years...yeah right!

  7. #7
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    I think that I could live with the severe dissapointment of not making the list, I'll take just a few million and I think that I could live fairly well, it may be struggle but someone would have to do it.

    Reminds me of some of the ones that say they do not play the lottery at times bc it is not enough money!! I have yet to figure out that logic.

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    Quote Originally Posted by ladiesbballcoach
    Darn, always been a goal to make this list and I just reached the 1.299B level on my public school educator salary.
    You need to shuffle some things around in your retirement package, but a couple of quarters of good returns and I'm sure you'll get there...

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    saint4's Avatar
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    Wow, no if you have JUST a BILLION dollars, you are considered middle class rich, not really rich. WOW, not cool.

  10. #10
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    Quote Originally Posted by ladiesbballcoach
    Darn, always been a goal to make this list and I just reached the 1.299B level on my public school educator salary.

    I am right there with you.

  11. #11
    saint4's Avatar
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    Quote Originally Posted by ladiesbballcoach
    Darn, always been a goal to make this list and I just reached the 1.299B level on my public school educator salary.
    Funny, tough luck, with your great big salary I would think that you would have made it by now.

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