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September 16, 2013
The 400 wealthiest Americans are worth a record $2.02 trillion, roughly equivalent to the GDP of Russia.
Forbes’ list of the richest people in the U.S. is reading for the 0.00000005625 percent.
20:13 // 10 months ago
August 15, 2013

Protip: Erotic-themed novels sell really well, can make you millions

  • $95M the amount “50 Shades of Grey” author E.L. James has earned in 2013, making her the highest-earning author on a list of high-grossing authors published by Forbes. The total included $5 million which she earned for the forthcoming film adaptation of the book, which is expected in a year. source
0:16 // 11 months ago
August 11, 2013
I tried to put our name on the trucks and he didn’t want any part of it. He wanted to continue to be stealth and operate in this little, dinky Keene, New Hampshire, marketplace.
Former C&S Wholesale Grocers President Edward Albertian • Discussing the company’s reclusive CEO, Richard Cohen, who has managed to build the company into the largest grocery wholesaler in the country … completely under the radar of his competitors and the public at large. Cohen himself is worth a bundle—$11.2 billion at last count, which makes him the richest person in New England and one of the 100 richest people in the world.
15:50 // 11 months ago
March 26, 2013
alittlespace:

laughingsquid:

What Extremely Successful People Were Doing At Age 25

Bonus points for an amazing Arianna Huffington glamour shot.

Great quote from Mark Cuban on his lean days: “I used to drive around, look at the big houses, and imagine what it would be like to live there and use that as motivation.”

alittlespace:

laughingsquid:

What Extremely Successful People Were Doing At Age 25

Bonus points for an amazing Arianna Huffington glamour shot.

Great quote from Mark Cuban on his lean days: “I used to drive around, look at the big houses, and imagine what it would be like to live there and use that as motivation.”

18:29 // 1 year ago
March 21, 2013
When Warren Buffett visits his newspapers, he signs dollar bills offered up by his employees. Bet ya Carlos Slim doesn’t do that. Also bet his signature is better than Jack Lew’s. (Buffalo News photo)

When Warren Buffett visits his newspapers, he signs dollar bills offered up by his employees. Bet ya Carlos Slim doesn’t do that. Also bet his signature is better than Jack Lew’s(Buffalo News photo)

11:04 // 1 year ago
January 29, 2013
wingtipsandloafers:

kiplinger:

Is Carl Icahn a better investor than Warren Buffett? 
Is that even possible? If you’ve never heard of Icahn, you’re not alone. Well known in the world of finance but relatively unfamiliar to individuals, Icahn is arguably one of the great value investors of all time. And, lucky for the rest of us, investors can piggyback on his profitable investments by mimicking his moves, or simply by buying shares of Icahn Enterprises.

Giants…

To wannabe investors who think they can’t do it, just keep saying “Yes, Icahn.”

wingtipsandloafers:

kiplinger:

Is Carl Icahn a better investor than Warren Buffett?

Is that even possible? If you’ve never heard of Icahn, you’re not alone. Well known in the world of finance but relatively unfamiliar to individuals, Icahn is arguably one of the great value investors of all time. And, lucky for the rest of us, investors can piggyback on his profitable investments by mimicking his moves, or simply by buying shares of Icahn Enterprises.

Giants…

To wannabe investors who think they can’t do it, just keep saying “Yes, Icahn.”

13:08 // 1 year ago
June 17, 2012
Yes, there are takebacks: A copper heiress’ massive gifts scrutinized after her death
Huguette Clark, who died last year at the age of 104, had a thing for giving out huge gifts, especially near the end of her life. Clark, who was the daughter of copper magnate Sen. William A. Clark, gave $28 million to a nurse and millions more to doctors who cared for her. Now a court-appointed official is trying to get back $37 million in gifts she gave out over the years. This is on top of an issue with her multiple wills, the most recent of which largely left out the family but gave her nurse a massive gift. Clark spent 20 years near the end of her life living in a hospital, paying hundreds of thousands of dollars a year to do so. Officials say that she spent many of those years in seclusion and was likely taken advantage of, though those who received the gifts deny this. (AP file photo)

Yes, there are takebacks: A copper heiress’ massive gifts scrutinized after her death

Huguette Clark, who died last year at the age of 104, had a thing for giving out huge gifts, especially near the end of her life. Clark, who was the daughter of copper magnate Sen. William A. Clark, gave $28 million to a nurse and millions more to doctors who cared for her. Now a court-appointed official is trying to get back $37 million in gifts she gave out over the years. This is on top of an issue with her multiple wills, the most recent of which largely left out the family but gave her nurse a massive gift. Clark spent 20 years near the end of her life living in a hospital, paying hundreds of thousands of dollars a year to do so. Officials say that she spent many of those years in seclusion and was likely taken advantage of, though those who received the gifts deny this. (AP file photo)

11:55 // 2 years ago
April 30, 2012
thedailywhat:

Titanic 2 of the Day: Because the maiden voyage of the R.M.S. Titanic didn’t exactly go as planned, an Australian billionaire has commissioned a replica of the ship for a series of journeys that will hopefully have a happier ending.
Clive Palmer, a Queensland-based mining billionaire, is partnering with China’s CSC Jinling Shipyard to build the ship, which will be ready for passengers by 2016.
“It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st century technology and the latest navigation and safety systems,” he said in a statement.
The ship’s first trip will be from London to New York — rather than from Southampton to New York like the “unsinkable” original — and Palmer admits that some potential passengers will stay away because of superstitions.
“It is going to be designed so it won’t sink. But, of course, if you are superstitious like you are, you never know what could happen,” he said, encouragingly.
No word on what kind of deck chairs the new ship will have, or how they’ll be arranged.
[cnn.]

In which a titan of industry tries to become a Titanic of industry.

thedailywhat:

Titanic 2 of the Day: Because the maiden voyage of the R.M.S. Titanic didn’t exactly go as planned, an Australian billionaire has commissioned a replica of the ship for a series of journeys that will hopefully have a happier ending.

Clive Palmer, a Queensland-based mining billionaire, is partnering with China’s CSC Jinling Shipyard to build the ship, which will be ready for passengers by 2016.

“It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st century technology and the latest navigation and safety systems,” he said in a statement.

The ship’s first trip will be from London to New York — rather than from Southampton to New York like the “unsinkable” original — and Palmer admits that some potential passengers will stay away because of superstitions.

“It is going to be designed so it won’t sink. But, of course, if you are superstitious like you are, you never know what could happen,” he said, encouragingly.

No word on what kind of deck chairs the new ship will have, or how they’ll be arranged.

[cnn.]

In which a titan of industry tries to become a Titanic of industry.

20:59 // 2 years ago
February 27, 2012
21:53 // 2 years ago
February 13, 2012
Obama vs. Romney on tax rates: As you can see, rates are largely the same—except for the nation’s richest and poorest. The poor would pay almost twice as much in taxes under Romney’s plan; meanwhile, the very richest in the country would be forced to cough up about 10% more of their income under Obama. The net effect? In short, Romney’s plan would reduce federal revenues to about 17% of GDP—down .9% from where they are now. Obama’s budget would raise revenues 19.2%, with most of that money coming from those making over $250,000 a year (Graphic and data courtesy of The Washington Post / Tax Policy Center).

Obama vs. Romney on tax rates: As you can see, rates are largely the same—except for the nation’s richest and poorest. The poor would pay almost twice as much in taxes under Romney’s plan; meanwhile, the very richest in the country would be forced to cough up about 10% more of their income under Obama. The net effect? In short, Romney’s plan would reduce federal revenues to about 17% of GDP—down .9% from where they are now. Obama’s budget would raise revenues 19.2%, with most of that money coming from those making over $250,000 a year (Graphic and data courtesy of The Washington Post / Tax Policy Center).

16:15 // 2 years ago