31–40 of 216 posts
[removed fun fact due to it being false and still being published in modern books .. sigh]
You seem to miss the most salient point! The Rothschilds are still investing, and you can join them. RIT (Rothschild Investment Trust, London listed) https://en.m.wikipedia.org/wiki/RIT_Capital_Partners (not investment advice)
Note Its a defensive IT designed to preserve wealth
Interesting to see the deltas (YoY) increase in wealth of these billionaires.
The top 5 have a growth of $8-15bn a year in wealth in the past few years. This increase in wealth is mostly an increase in institutions that keep growing at a very healthy rate (Amazon, Microsoft, BH, Facebook, etc).
I think it's important to remember that all of these persons (Bill Gates, Jeff Bezos, etc) are the primary owner of a large institution that creates the wealth. Building orgs to put money to use is what they did to make their money in the first place, so it makes sense that they would do that with their private wealth as well.
0.001% of the world is about 75k people [1], there are about 2200 dollar billionaires [2], so only(!) ~3% of these people are billionaires. Not a real point to make, but I was wondering, and it might save someone else time. [1] https://www.wolframalpha.com/input/?i=0.001%25+*+world+popul... [2] https://en.wikipedia.org/wiki/The_World%27s_Billionaires
That makes perfect sense of course; but all those excluded parties from that ranking still need to manage wealth, so getting exact or even estimated numbers here is going to be tricky. And then there's the family != person disconnect - although it seems to me that most people in this situation got lucky somehow, so it's rather unlikely there are multiple original sources of wealth in such families. If there are several individually wealthy family members it's probably more likely due to dilution.
But yeah, you'd assume the median family wealth of a the top 0.001% of people is likely below 1 billion. But how much? Who knows.
[removed fun fact due to it being false and still being published in modern books .. sigh]
I'd be interested to see what the fake "fact" was in your post, on case I had mistakenly believed too.
For example, a small investor can invest in companies with market cap of ~$50m+....not possible for Warren Buffet. He can only invest in maybe less than a few hundred companies...with market caps in the region of a few $100bn.... there are of course treasuries/bonds but no seriously wealthy person has all of their money in bonds. In part because the returns are so low and income taxes are meaningfully higher than cap gains.
[removed fun fact due to it being false and still being published in modern books .. sigh]
I'd be interested to see what the fake "fact" was in your post, on case I had mistakenly believed too.
There seems to be some reluctance here to even referring to it, but I don’t subscribe to that so here you go:
https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild#Waterl...
0.001% of the world is about 75k people [1], there are about 2200 dollar billionaires [2], so only(!) ~3% of these people are billionaires. Not a real point to make, but I was wondering, and it might save someone else time. [1] https://www.wolframalpha.com/input/?i=0.001%25+*+world+popul... [2] https://en.wikipedia.org/wiki/The_World%27s_Billionaires
As that wiki link points out, wealth isn't entirely public or measurable; so the list isn't complete. It explicitly excludes dictators and royalty (so, hey, saudi family!), and " excluding and ranking against those with wealth that is not able to be completely ascertained" That makes perfect sense of course; but all those excluded parties from that ranking still need to manage wealth, so getting exact or even estimat…
While this is probably true in general, there are at least two famous exceptions from Germany.
There is the notable case of Adolf "Adi" Dassler, founder of Adidas, and his older brother Rudolf Dassler, founder of Puma, who separated from their joined shoe manfucaturing business and independently built two of the largest shoe (and now sports equipment) manufacturing companies in the world. Both still headquartered in the tiny 23000 people city Herzognaurach, Germany (close to Nuremberg).
And the similar story of Karl and Theo Albrecht, founders of Aldi (Albrecht Discount), which was split in Aldi Nord (north) and Aldi Süd (south), both growing their company in billion dollar businesses and each becoming billionaires. Granted though they had slightly different styles of running their business, their success was based on the same innovative business idea and a geographic non-compete agreement.
[removed fun fact due to it being false and still being published in modern books .. sigh]