By Peter W. Bernstein, Annalyn Swan
From Wall highway to the West Coast, from blue-collar billionaires to blue-blood fortunes, from the Google men to hedge-fund honchos, the entire funds on the earth supplies us the lowdown on this present day richest americans. Veteran newshounds Peter W. Bernstein and Annalyn Swan delve into who made and misplaced the main cash some time past twenty-five years, the fields and industries that experience produced the best wealth, the largest possibility takers, the main aggressive gamers, the main wasteful kin feuds, the trophy other halves, the main conspicuous shoppers, the most important paintings creditors, and the main and least beneficiant philanthropists. Incorporating unique, never-before-published information from Forbes journal, the entire funds on the earth is a drastically wonderful, behind-the-scenes examine brand new large wealthy.
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Extra resources for All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage)
30 31 Many of the Forbes 400 have been willing to take gargantuan risks, sometimes a number of times, in order to realize their dreams. Toy salesman Ty Warner mortgaged his home and invested his life savings to launch Beanie Babies. S. distribution rights to a small British shoe company called Reebok. And billionaire industrialist Dennis Washington spent the first ten years of his career using his house as security on loans so that he could bid on highway contracts. Even when they make it to the top, many of the 400 do not stop gambling.
He left school at age eleven without being able to read or write. 45 46 Hunt spent his first twelve years of marriage on the road driving for different trucking firms out of Little Rock and, later, Dallas and St. Louis. One of his regular routes was a 365-mile stretch between Little Rock and St. Louis hauling wood shavings to chicken farmers to be used as poultry litter. There was no CB or radio in the truck, which gave Hunt a lot of time to think as he motored up and down the state. Hunt had been pondering ways of making money in the poultry litter business since the days of working at his uncleâ s sawmill.
The well was situated in an extremely productive section of the biggest oil find of the early twentieth century. And it was the basis for Huntâ s future oil empire, which would later be estimated at $2 billion. In his biography of the Hunt family, Texas Rich: The Hunt Dynasty, from the Early Oil Days Through the Silver Crash, Harry Hurt III noted that H. L. Hunt was â a man of contradictions and eccentricitiesâ ¦but, at heart, he was still a gambler. He still craved new opportunities to make moneyâ not because he wanted possessions per se, but because the gambler in him wanted to see if he could run up the score.
All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage) by Peter W. Bernstein, Annalyn Swan