Please look at Forbes' list of the world's richest people and click on some of their names to learn more about them. Then, in a well-developed paragraph, discuss some trends, demographic or otherwise, that you notice among these super-elite. What about today's world makes it possible for these individuals to be so enormously wealthy?
http://www.forbes.com/lists/2008/10/billionaires08_The-Worlds-Billionaires_Rank.html
13 comments:
The story about Mr. Simmons is said but thats how it goes. Some people live fast at a young age. The article it self was not desriptive enough, and Derrel deserved more than that
On Forbes List of Billionaires, there are a number of people who have made over 62 Billion dollars. The man, who has made the most, is Warren Buffet at age 77. Some people on the list range from Bill Gates, to Oprah Winfrey. There are a number of young people who have made a mass amount of money, such as Mary-Kate and Ashley Olsen and Brad Pitt. Some of these people on the list have made their money the old fashioned way…hard work. There are others who have just been born into their money. Take Paris Hilton for example, before she released her music album in 2006, the only two things the girl was known for was pornography and her father’s good name for Hilton Hotels. She did not have to lift a finger and she was born into richness. I do not like the fact, that some people can work so hard in their lives and not get anywhere. In this world, if you are not rich, no one really wants anything to do with you. Most of these people on the Forbes List have worked very hard their whole lives to get where they are today. Other, were lucky enough to be born into money.
Some of the trends that these billionaires have are that they invest in stock. Most of the them are from the United States. They of them also have college level education. Some of them also may have inherited their money from their relatives. They also invest in oil and steel compaines, because oil is set at such a high price they are goig to make tons of money off of that.
It says that most of them at least had a Bachelor's Degree and just persevered with determination to dominate a company with extreme development while others just inherited the money. Dollar, dollar bills yo.
Robert Drew
Eng. 099
Dr. Hofheimer
25 August, 2008
These elite of the world share the same vision, to be filthy rich. Most people would agree that they are already there but in their eyes there is no light at the end of the tunnel they are racing through. All of this is just fine I wish I could have an idea or start something that nobody has thought of and make more money than anyone can imagine. You may ask yourself how in today’s world could they still be this rich. The answer is simple; they all invested in things the whole world uses on a daily basis, insurance, computers, oil, and gas. Just to name a few. If the whole world could stop using any of these things for a period of one year we could cripple these peoples income and I don’t think they would be on the world’s richest list anymore.
Drew Wilson
Eng 099
Dr.hofheimen
Aug 25, 2008
The first rich and wealthy person I choose is warren Buffett. Warren Buffett Is the most richest guy in the world, and is worth just a little over 63.0 billion dollars. This guy actually signed a tax return at the age of 13, and used his bicycle as a write off. Now he is 77 years old and has had 3 children. Warren Buffet is an American citizen who has a company that invest stocks and insurance from jewlary to food places like dairy queen. He shares 25% of this company with bill gates. The thing that makes people so wealthy in this world have taken such big risk and have a lot of brains that’s what makes people become so wealthy.
On Forbes List of Billionaires, i cant help but notice how old they are and successful aswell. These people have a good education just to be successful. Warren Buffet, a rich and professional man in the age of 77. Makes me wonder if people who become like them get old kinda fast just to get rich.
=P
Ericka Guzman
Eng.099
Dr. Hofheimer
8-25-08
I started out by reading about Mr. William Gates III, 52 years old, he works in the soft industry. He was actually number three on the list. Mr. Gates is worth 58.0 billion dollars. My question is what does a man do with so much money but, as I read on my questions were answered. Mr. Gates is also married, has three children, and lives in Medina, Washington. Mr. Gates went to Harvard University but dropped out. He said he wanted to give up his involvement with the company he cofounded to focus on helping working with his foundation.
Mr. Gates and his wife donate money to different causes such as AIDS, malaria, and tuberculosis. Him and his wife also help different high schools in the community that maybe financially incapable of helping themselves.
Next, I read about Mr. Aril Ambani he was number six on the list. He is 48 yrs. old. It seems that his fortune was inherited. What a lucky man he was. He is married with two children. He works in Diversified industry which means he works with balancing or dividing funds among securities of different industries or he increases the variety of the product. As I read on I learned that Mr. Ambani went to the university of Pennsylvania Wharton and received a masters in administration.
Mr. Ambani made about 23.8 billion in the past year. Him and his brother, Muskesh Ambani who is actually number five on the list don’t really get alone although Aril Ambani was trying to get closer with his brother things became worst in 2005. His father was a renowned industrialist that’s why they both inherited so much money.
It’s quite interesting to learn how people with such finances deal with their money.
Some in a good way and others just don’t care.
From looking and reading the a few names off the Forbes list, it seems the three common factors amongst the elite was hard work, good education, or inheritence. I read three different peoples bio and either the had a good education, worked from the bottom up in a company, or they inherited the family business. So, I gathered that without having one of the three factors going for you; you might not ever become a young money millionaire. I also realized that there were people from various places around the globe that have achieve billionaire status. And, that tells me that this is a global thing.
It was amazing how this people became so wealthy. They could have everything they wanted in this world. I could not even imagine myself being into their shoes, Wow!
As I looked at the lives of these top ten billionaires, I noticed that 6 out of 10 made their way to the top through their own effort, hard work. They started from the bottom like most of us did. Others were lucky because they got inheritance. Four of them were Indian national and all of them came from a wealthy family. They did not go through the same hardship like those who started from the scratch. Business was already established for them, all they did was make it bigger and better. Most of them were into: Manufacturing, Telecommunications, Retail, Real Estate and Investments. Education was also an important factor. As you could see majority of them finished college and others even had their master’s degree.
The people in forbs are rich because they had a dream and stuck with it. They had a vision of products or tycoons in the oil industries. The kept focus and also determination now look at where they are
Mickale Smallwood
Eng 099
K. Hofheim
The world’s Billionaires
In the world today, there are many billionaires who invest their money wisely or simply, take advance of the world’s economy. One example of this is Bill Gates. Back then computers wasn’t as portable and user friendly as they are now. Computers were big enough to fill an entire room. But that was about to change because the world’s first portable computer was created in the 1970’s. Bill gates saw this opportunity to create a user friendly operating system, so any one can use the computer. Of course, Bill gates OS was a huge success. He was able to create Microsoft, and become the world riches man. To me, Bill gates is the Ultimate optimist, He took time to look at what the world need, and now in almost every home there is a computer with windows XP.
Day 5
Malcolm Dorsey
After reading the Forbes’ list of the world’s richest people I noticed some similarities from the top 6. The first three who happen to be from North America were all rich from self made choices and what they have done in their life. The next three were all inherited and are working off of that and building it. They all mainly say follow your dream. All attended college or have a college education. Most of them invest in stock to keep control of there money.
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