Download e-book for kindle: All the Money in the World: How the Forbes 400 Make--and by Peter W. Bernstein, Annalyn Swan

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By Peter W. Bernstein, Annalyn Swan

ISBN-10: 030727876X

ISBN-13: 9780307278760

From Wall road to the West Coast, from blue-collar billionaires to blue-blood fortunes, from the Google men to hedge-fund honchos, the entire cash on this planet offers us the lowdown on this 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 largest chance takers, the main aggressive avid gamers, the main wasteful relations 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 facts from Forbes journal, the entire funds on this planet is a drastically exciting, behind-the-scenes examine contemporary titanic wealthy.

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Additional info for All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage)

Sample text

New Yorkâ s billionaire mayor Michael Bloomberg cannotâ simply cannotâ imagine ever retiring. â The people I respect are all doing things,â says Bloomberg. â Theyâ re all workaholics. Not just in their businesses: Theyâ re all working on boards or advising. Sure, there are some who retire. â Or as media giant John W. 1 billion), told Forbes, â I donâ t think Iâ ve ever â workedâ in my life, because â workâ to me means that youâ re really doing something that you donâ t like. I hate to tell you this, but Iâ ve never liked the weekend in my life.

He urged Hunt to buy the hauler out, and in return he guaranteed Hunt trucking business from the firm. Hunt agreed and bought out the hauler. But the Ralston Purina plant closed soon afterward, and Hunt found himself the owner of five old trucks and seven old trailers, with no regular customers. Throughout the 1970s Hunt struggled to expand his trucking business. He was constrained by the Interstate Commerce Commissionâ s strict trucking regulation. J. B. Hunt Transport Services was a loser. Hunt tried to be as efficient as possible.

All of which made for a confusing lineage when the old man died in 1974. Death may have cheated Hunt out of his place on the 400 list, which debuted in 1982. But he was the self-proclaimed richest man in America in his day. And his descendants made a strong showing in that first Forbes special issue, with twelve places on the listâ outnumbering the Hearsts (five) and Mellons (six) but overshadowed by the Du Ponts (twenty-four). While Huntâ s children, especially Bunker and Herbert, had the luxury of an inheritance to gamble with (and famously went bankrupt in 1980, after trying to corner the world market in silver) most members of the Forbes 400 are self-made: 70 percent in 2006.

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All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage) by Peter W. Bernstein, Annalyn Swan

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