Companies and Billionaires
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Companies and Billionaires
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Re: Companies and Billionaires
#2I don't understand why the source of the Koch brothers' wealth is listed as "Diversified". They owe their fortune to petroleum.
Re: Companies and Billionaires
#3I don't understand why the source of the Koch brothers' wealth is listed as "Diversified". They owe their fortune to petroleum.
Looking at their wealth breakdown now:
$12.7B from Georgia-Pacific (a "pulp and paper company")
$10.6B from "Other Businesses"
$9.6B from Koch Pipeline (petroleum)
$4.5B from Flint Hills Resources (refining/chemicals/biofuels)
$3.8B from Molex ("connectors and interconnect components")
$3.5B from Koch Fertilizer
$3.0B from Invista ("polymers and fibers")
all other sources below $2B
Looks pretty diversified to me. Just because they made their fortune in petroleum doesn't mean that's currently the largest source of their wealth.
Source: the Net Worth Analysis from the RICH function on a Bloomberg Terminal
Re: Companies and Billionaires
#4I don't understand why the source of the Koch brothers' wealth is listed as "Diversified". They owe their fortune to petroleum.
Looking at their wealth breakdown now: $12.7B from Georgia-Pacific (a "pulp and paper company") $10.6B from "Other Businesses" $9.6B from Koch Pipeline (petroleum) $4.5B from Flint Hills Resources (refining/chemicals/biofuels) $3.8B from Molex ("connectors and interconnect components") $3.5B from Koch Fertilizer $3.0B from Invista ("polymers and fibers") all other sources below $2B Looks pretty diversified to me. Jus…
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
Re: Companies and Billionaires
#5Earlier quoted context omitted.
Looking at their wealth breakdown now: $12.7B from Georgia-Pacific (a "pulp and paper company") $10.6B from "Other Businesses" $9.6B from Koch Pipeline (petroleum) $4.5B from Flint Hills Resources (refining/chemicals/biofuels) $3.8B from Molex ("connectors and interconnect components") $3.5B from Koch Fertilizer $3.0B from Invista ("polymers and fibers") all other sources below $2B Looks pretty diversified to me. Jus…
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
Oh, true, if read that way then petroleum is probably the correct thing to put there. Curious.
Re: Companies and Billionaires
#6Earlier quoted context omitted.
Looking at their wealth breakdown now: $12.7B from Georgia-Pacific (a "pulp and paper company") $10.6B from "Other Businesses" $9.6B from Koch Pipeline (petroleum) $4.5B from Flint Hills Resources (refining/chemicals/biofuels) $3.8B from Molex ("connectors and interconnect components") $3.5B from Koch Fertilizer $3.0B from Invista ("polymers and fibers") all other sources below $2B Looks pretty diversified to me. Jus…
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
The rest of their wealth also has sources.
Re: Companies and Billionaires
#7Earlier quoted context omitted.
Looking at their wealth breakdown now: $12.7B from Georgia-Pacific (a "pulp and paper company") $10.6B from "Other Businesses" $9.6B from Koch Pipeline (petroleum) $4.5B from Flint Hills Resources (refining/chemicals/biofuels) $3.8B from Molex ("connectors and interconnect components") $3.5B from Koch Fertilizer $3.0B from Invista ("polymers and fibers") all other sources below $2B Looks pretty diversified to me. Jus…
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
Many of the people on this list should have their source listed as "birth".
Re: Companies and Billionaires
#8+1 for the OP's username
Re: Companies and Billionaires
#9Earlier quoted context omitted.
Looking at their wealth breakdown now: $12.7B from Georgia-Pacific (a "pulp and paper company") $10.6B from "Other Businesses" $9.6B from Koch Pipeline (petroleum) $4.5B from Flint Hills Resources (refining/chemicals/biofuels) $3.8B from Molex ("connectors and interconnect components") $3.5B from Koch Fertilizer $3.0B from Invista ("polymers and fibers") all other sources below $2B Looks pretty diversified to me. Jus…
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
Perhaps obviously, when your interpretation makes the article not make sense, it's useful to try interpretations that work.
I guess another way to put it is that a very human mistake to make is to infer something and assume it was implied, then use that assumption to form a dismissal.
I get that your particular interpretation is likely meant as some subtle manner of dismissal of the Koch brothers (something along the lines of how they didn't earn their wealth would be my guess) and I'd like to encourage you to state such feelings directly. It's far more interesting than low-grade emotional rhetoric that just turns into boring no-light-low-heat discussion.
Re: Companies and Billionaires
#10Earlier quoted context omitted.
To me, "source" implies where the wealth came from, and it's misleading to say that the Koch brothers grew rich from a diverse portfolio of anything. They were born into oil wealth.
Perhaps obviously, when your interpretation makes the article not make sense, it's useful to try interpretations that work. I guess another way to put it is that a very human mistake to make is to infer something and assume it was implied, then use that assumption to form a dismissal. I get that your particular interpretation is likely meant as some subtle manner of dismissal of the Koch brothers (something along the…
This is a spreadsheet, not an article, so I'm confused about your first point.
When looking at a list of billionaires, it's natural to wonder "where did this fortune come from?", and in the case of the Koch brothers, the answer is "oil". I don't think it requires a deep dive into my psyche to defend this interpretation of the "source" field, though I'm always happy to swim around down there.