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re: Forbes: The Richest People in America

Posted on 7/12/24 at 5:34 pm to
Posted by Bjorn Cyborg
Member since Sep 2016
35494 posts
Posted on 7/12/24 at 5:34 pm to
Everyone in the top 10 is self-made first-gen wealth.

Until you get to the Waltons and Koch families, everyone is a tech billionaire entrepreneur except Buffett.
Posted by dgnx6
Member since Feb 2006
89768 posts
Posted on 7/12/24 at 6:50 pm to
I said this before, you’ve got boomers, gen x and millennial on that list.


Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
14665 posts
Posted on 7/12/24 at 7:03 pm to
quote:

The meat riding is crazy. Cooler rich guy... yes. Still greedy rich guy? yes.
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
33818 posts
Posted on 7/12/24 at 7:38 pm to
Will be interested to see how much Mark Cuban moves up in the next one of these lists, after selling the Mavs for $3.5 billion?.
This post was edited on 7/12/24 at 7:44 pm
Posted by TigerHornII
Member since Feb 2021
1161 posts
Posted on 7/12/24 at 8:09 pm to
quote:

These are folks with publicly disclosed assets in some form or fashion.

There's loads of old money out there, and folks that are much more wealthy than these.


You're not wrong. Especially as it pertains to Europe. Ever heard of the Schaeffler family? Nope, and most people have not. They own LuK, fig Bearing, INA, and controlling shares of Continental AG. Those are all top 50 global auto industry suppliers. The matriarch of the clan and one son are the sole shareholders. Europe has plenty of people like them - the Quandts, Agnellis, etc - but they won't make any lists because there is little or no public data.
Posted by Powerman
Member since Jan 2004
173651 posts
Posted on 7/12/24 at 8:17 pm to
quote:


With that said, do all of those Saudi Princes dudes have their worth hidden? Maybe I just don't pay attention, but when mentioning the wealthiest in the world I don't recall ever seeing them unless they have non Saudi type names


quote:

Forbes: The Richest People in America

Yeah I can't figure out for the life of me why they wouldn't be on this list.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
5158 posts
Posted on 7/12/24 at 8:20 pm to
(no message)
This post was edited on 8/17/24 at 8:30 am
Posted by StringedInstruments
Member since Oct 2013
20888 posts
Posted on 7/12/24 at 8:25 pm to
quote:

It was about that much at the time. It would probably be closer to $100bil more today.


Yep.

Bezos was once the richest guy on the planet and Amazon has only grown.

Posted by Antib551
Houma, LA
Member since Dec 2018
1407 posts
Posted on 7/12/24 at 8:33 pm to
quote:

1. Elon Musk $251B

2. Jeff Bezos $161 B

3. Larry Ellison $158 B

4. Warren Buffett $121 B

Take away half of Elon's wealth and he STILL is top 3. Let that sink in. And he's only 53 years old, while his "inventions" have/or are poised to take over thier respective industries.
Posted by Powerman
Member since Jan 2004
173651 posts
Posted on 7/12/24 at 8:36 pm to
quote:

while his "inventions" have/or are poised to take over thier respective industries.

Eh I don't know about that

But he does have his hands in a few pots that have huge upside potential
Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
14665 posts
Posted on 7/12/24 at 8:37 pm to
quote:

Will be interested to see how much Mark Cuban moves up in the next one of these lists, after selling the Mavs for $3.5 billion?.


Would he move up? Isn't his ownership in the Mavs included in his net worth already?
Posted by dchog
Pea Ridge
Member since Nov 2012
27161 posts
Posted on 7/12/24 at 8:37 pm to
Now Walmart has only two places in the world that has drone deliveries.
Posted by Auburn1968
NYC
Member since Mar 2019
26487 posts
Posted on 7/12/24 at 8:42 pm to


Those are the people who invest in the economy. Fostering investment into our domestic economy and our R&D is about the healthiest thing that can be done. Just keep the 800 pound gorillas from killing the promising infants.

The left politics of envy just throws a big wet blanket over the investment climate from small business to corporate empires. It's why socialism has failed every time. Small doses of socialism are just slow economic poison.

Posted by Tarps99
Lafourche Parish
Member since Apr 2017
12684 posts
Posted on 7/12/24 at 8:42 pm to
quote:

Other companies would have died.


Well some of the geniuses at Walmart did buy up some not to stellar companies to get in on the next big thing and they lost their arses on it luckily they had the cash flow to subsidize those losses. Anyone remember VUDU.

At least Walmart has not pulled a Sears yet where all the startups and acquisitions for the next big thing eventually lead to their downfall and then they sell off the company for pennies on the dollar and eventually bankrupting themselves.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
5158 posts
Posted on 7/12/24 at 8:54 pm to
(no message)
This post was edited on 8/17/24 at 8:30 am
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10892 posts
Posted on 7/12/24 at 8:57 pm to
quote:

Warren Buffett invented nothing.


Now listen here. He started from zero and his dad was a United States Congressman.....wait....
Posted by WinnPtiger
Fort Worth
Member since Mar 2011
24997 posts
Posted on 7/12/24 at 8:59 pm to
quote:

The meat riding is crazy. Cooler rich guy... yes. Still greedy rich guy? yes.


define greedy, and then tell me who isn’t
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 7/12/24 at 9:02 pm to
quote:

quote:
Jeff Bezos

Left

quote:
Warren Buffett

Left

quote:
Larry Page

Left

quote:
Bill Gates

Left

quote:
Sergey Brin

Left

quote:
Mark Zuckerberg

Left

Elon Musk

Centrist...
Posted by BPTiger
Atlanta
Member since Oct 2011
6217 posts
Posted on 7/12/24 at 9:06 pm to
What I take from this list is that if I name my next son Larry there is a 20% chance he becomes a billionaire.
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