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, all of the cash on the planet provides us the lowdown on this present day richest american citizens. Veteran reporters 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 most important possibility takers, the main aggressive avid gamers, the main wasteful kinfolk feuds, the trophy better halves, the main conspicuous shoppers, the most important artwork creditors, and the main and least beneficiant philanthropists. Incorporating unique, never-before-published information from Forbes journal, the entire cash on this planet is a significantly enjoyable, behind-the-scenes examine state-of-the-art great wealthy.
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Additional resources for All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage)
There were 29 first-timers on the 2006 list. Over the 25 years from 1982 through 2006, 1,302 individuals have qualified. Similar tales can be found among many members of the Forbes 400. Media tycoon John Kluge told Forbes that he first became interested in independent television when a friend he bumped into in the street told him about the possibility of buying something called DuMont Broadcasting, two TV stations that were the remnants of the struggling DuMont Television Network. Real estate and publishing tycoon Mortimer â Mortâ Zuckerman bailed out of law and into a job at one of Bostonâ s leading real-estate development firms at a spectacularly opportune moment.
Wynn failed in his bid to secure a gaming license in Singaporeâ a battle won by Adelson. 2 billion Wynn Macau. 9 percent of the company stock in mid-2005, he unloaded his position in late 2006). But he is also a prince, if not the king, of Vegas, having been around the Strip longer than Adelson and Wynn combined. Kerkorian ran a small air-charter service in the 1950s and 1960s flying gamblers in and out of Vegas. He then went into real estate, leasing a plot of land that sprouted Caesars Palace.
He raised $120,000 that week (and eventually a total of $135,000, the equivalent of $910,000 today). Rockefeller became one of the major shareholders. In its first year J. B. Hunt Company sustained a $19,000 loss on $50,000 sales, and people advised Hunt to sell out. But Hunt hung on. â Something drove me to it,â he says. â The following year Hunt reduced the cost of packaging the hulls and profits rose. From that moment on he never looked back. Had he stayed in the poultry litter business, Hunt could have led a very comfortable life.
All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage) by Peter W. Bernstein, Annalyn Swan