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 earth supplies us the lowdown on at the present time richest american citizens. Veteran newshounds Peter W. Bernstein and Annalyn Swan delve into who made and misplaced the main funds long ago twenty-five years, the fields and industries that experience produced the best wealth, the largest threat takers, the main aggressive avid gamers, the main wasteful kinfolk feuds, the trophy other halves, the main conspicuous shoppers, the largest paintings creditors, and the main and least beneficiant philanthropists. Incorporating particular, never-before-published information from Forbes journal, the entire funds on the planet is a tremendously pleasing, behind-the-scenes examine modern day immense wealthy.
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Extra info for All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage)
So how could a man whose businesses were once mired in billions of dollars worth of debt, with $900 million of that owed personally, see his biggest career risk as The Apprentice? As weird as it seems, it also speaks to the supreme self-confidence shared by Trump and many others on the Forbes 400. When asked about that time in his life, Trump says, â Pressure can bring out the best and worst in people, and in my case it made me stronger and more determined than ever. I also employed my â blip versus catastropheâ theory: Yes, I had some financial problems, but it wasnâ t a war, an earthquake, or something truly horrific.
Was the prototype for the horse-loving villain in the Ian Fleming novel (and James Bond movie) Goldfinger. (1985 net worth: $365 million) Sumner Redstone was trapped in a Boston hotel fire in 1979 and hung from a window, with flames licking at his hands, until he was rescued. (1985 net worth: $340 million) Dorothy Stimson Bullitt, who built a Seattle broadcasting fortune, rafted the Colorado River rapids at age eighty-five. (1985 net worth: $275 million) 42 43 Floyd Roger Hardesty, whose fortune comes from concrete and construction, flies his own Boeing 727 and is a big-game hunter.
1984 net worth: $150 million) Philip Knight, CEO of Nike, is a dedicated runner himself, with a four-minute thirteen-second mile. (1984 net worth: $150 million) 36 37 Ross Perot, founder of Electronic Data Systems, was the first person to lose $1 billionâ paper, in 1969, when his hot EDS stock plunged. , at age eighty-two, was the first American to win the Queenâ s Cup coaching title in England for precision horse and carriage driving. (1984 net worth: $425 million) Such a belief in oneself, combined with careful market analysis, was displayed by Al Lerner when he put his millions on the line in the early 1990s to rescue the troubled Baltimore bank MNC Financial.