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Here's What You Have in Common With a Billionaire ...
FOX news online ^ | 3/9/07 | David Asman

Posted on 03/10/2007 12:13:38 PM PST by Kimmers

The new Forbes billionaires list just came out. It’s always fun to flip through the names, ages and profiles of the billionaires.

I could give you a lot of details about how many more there are than last year, where they’re from, and how much younger they all are. But details like that probably wouldn’t answer your main question:

What could you possibly have in common with a billionaire? The answer is pretty exciting.

Of all the 946 billionaires in the world, 60 percent made their money from scratch. Think about that. The majority of the world’s billionaires once had just as much money in their bank account as you do (or less!). They took what little they had, sunk it all into that product, or service, or midnight notion and built it into a fortune. For all the talk about how unfair the world is, it turns out that pure gumption can be more important than family connections.

Now, that doesn’t mean that just anybody can become a billionaire, or that the process of becoming one is always fair and square. In the first place you have to have enormous concentration and energy. It’s not for nothing that so many of the new billionaires are under 50; it’s very hard to sustain the kind of output necessary to amass so much wealth unless you’re relatively young.

And then there’s the question of whether all these bootstrap billionaires played it on the up-and-up. The fastest growing country of billionaires is Russia, a country not known for its strict adherence to the rule of law. It’s likely that some of Russia’s 53 billionaires (ranking third worldwide, next to Germany with 55 and the U.S. with 415) bent or broke rules to get there.

(Excerpt) Read more at foxnews.com ...


TOPICS: Miscellaneous
KEYWORDS: billionaire; capitalism; dreambig; freemarkets; supplyanddemand
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1 posted on 03/10/2007 12:13:40 PM PST by Kimmers
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To: Kimmers

That's the beauty of the American Dream.


2 posted on 03/10/2007 12:17:17 PM PST by desherwood7
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To: desherwood7
That's the beauty of the American Dream.

The fastest growing country of billionaires is Russia...

Huh?

3 posted on 03/10/2007 12:19:27 PM PST by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: raybbr

>> Russia tops list of billionaires
Sunday, May 16, 2004
Moscow took over from New York as home to the world's largest cluster of billionaires as Russia's benchmark stock index rose to a record high in April, according to Forbes magazine.

The number of billionaires in Russia jumped by 40 per cent in two months to 36 with a combined worth of $110.2 billion (e93 billion) according to the magazine's Russian edition.

Russia's richest businessmen, including Mikhail Khodorkovsky and Roman Abramovich, made their fortunes buying former state-owned assets cheaply after the collapse of the Soviet Union in 1991.

Khodorkovsky, the former chief executive of Yukos Oil, is Russia's richest billionaire with an estimated fortune of $15.2 billion. Six of the country's billionaires have some involvement in Yukos.

More than 20 per cent of Russians live below the poverty line. <<


4 posted on 03/10/2007 12:21:36 PM PST by gondramB (It wasn't raining when Noah built the ark.)
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To: desherwood7

Words well said my friend. I love when Rush starts talking like this or when his callers relate their stories of success. What a great country we live in.


5 posted on 03/10/2007 12:21:37 PM PST by Kimmers
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To: Kimmers

>>Here's What You Have in Common With a Billionaire ...<<

Birth, death, taxes, sin etc... they are just people with a lot of money.


6 posted on 03/10/2007 12:22:57 PM PST by gondramB (It wasn't raining when Noah built the ark.)
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To: Kimmers

Well, almost everything I might have in common with them - some features in common with this billionaire, and others with that one - except the size of theirs [vs. mine] net worth. The whole approach is flawed: were there a definite set of characteristics guaranteed to make one a billionaire, then it is only reasonable to suggest that everyone not barred by some congenital deficiency would have become a billionaire by now, or would be well on one's way to.


7 posted on 03/10/2007 12:23:24 PM PST by GSlob
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To: gondramB
Moscow took over from New York as home to the world's largest cluster of billionaires

New York does not count as part of America. :-)

Same with Berkley, Boston, and San Francisco.

8 posted on 03/10/2007 12:24:00 PM PST by lowbridge ("Of course Americans should vote Democrat" -Jihad Jaara, senior member, Al Aqsa Martyrs Brigade)
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To: Kimmers
Here's What You Have in Common With a Billionaire ...

But not where it really counts: In the bankbook.

9 posted on 03/10/2007 12:24:44 PM PST by lowbridge ("Of course Americans should vote Democrat" -Jihad Jaara, senior member, Al Aqsa Martyrs Brigade)
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To: raybbr

"The fastest growing country of billionaires is Russia... Huh?"

Oil and Gas. Also the old Communists took over all the government run businesses, made money off them and once Russia once again goes Communist, all these people will give the companies back to the state to once again run into the ground.

The Politburo Communists realized that conquering the world via military might would never work. They are doing it instead with money. Much easier and you don't have to take and hold land.

That is probably why Americas left is emboldened. They know that if we ever went Communist they wouldn't get a bullet to the head. More the reason to bankrupt the Kennedy's of the world.


10 posted on 03/10/2007 12:26:20 PM PST by EQAndyBuzz (The Clintons: A Malignant Malfeasance of the Most Morbid)
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To: gondramB
made their fortunes buying former state-owned assets cheaply after the collapse of the Soviet Union in 1991.

Something to keep in mind when the collapse happens over here.

11 posted on 03/10/2007 12:28:58 PM PST by Rome2000 (Peace is not an option)
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To: gondramB
...Moscow took over from New York as home to the world's largest cluster of billionaires...

What worries me is how many of these guys made their money by selling surplus nukes to terrorist groups?

12 posted on 03/10/2007 12:32:11 PM PST by FReepaholic (Man who fart in church sit in own pew.)
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To: Kimmers

My favorite Billionaire has got to be JK Rowling who wrote the Harry Potter books.


13 posted on 03/10/2007 12:34:32 PM PST by sockmonkey
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To: sockmonkey
My favorite Billionaire has got to be JK Rowling who wrote the Harry Potter books.

I dont have a favorite billionaire. I hate them all. That is, untill I become a billionaire. :-)

14 posted on 03/10/2007 12:37:41 PM PST by lowbridge ("Of course Americans should vote Democrat" -Jihad Jaara, senior member, Al Aqsa Martyrs Brigade)
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To: Kimmers

They were all born with genius brains. I would take a brain over a rich daddy anyday.

John


15 posted on 03/10/2007 12:38:48 PM PST by Diggity
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To: Kimmers

I know what I have in common.

They eat, sleep and discharge. They wear clothes.
They drive cars. They get up, go to work, go home and
wonder where the time went.

So!

I go to Yosemite, Calif. Coastal Redwoods, Big Basin State Park, Stanislaus Nat'l Forest (Pinecrest, Hammill Canyon, Hell's Mt., Cherry Lake...)!, Mt. Lassen Nat'l Park, Mt. Hamilton...

They have nothing on me.


16 posted on 03/10/2007 12:38:57 PM PST by Prost1 (Fair and Unbiased as always!)
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To: sockmonkey
You are so right....homeless to a billionaire...talk about not giving up on your dream.
17 posted on 03/10/2007 12:39:50 PM PST by Kimmers
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To: Kimmers
Of all the 946 billionaires in the world, 60 percent made their money from scratch.

The remaining 40% are liberals.....

Now you know where your hard earned money is going.

18 posted on 03/10/2007 12:43:05 PM PST by EGPWS (Trust in God, question everyone else)
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To: Rome2000

>>Something to keep in mind when the collapse happens over here.<<

I'm still pretty darn hopeful we are gonna avoid a Soviet style collapse of the United States.


19 posted on 03/10/2007 12:44:14 PM PST by gondramB (It wasn't raining when Noah built the ark.)
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To: Prost1

Amen brother!


20 posted on 03/10/2007 12:45:25 PM PST by nascarnation
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To: Kimmers

Luck and pluck, that'll usually do it. An inheritance is nice, but...it's a lot more work!


21 posted on 03/10/2007 12:46:44 PM PST by Graymatter
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To: Kimmers

What does the middle class American have in common? 24 hours of time per day, all the food they can eat, a warm dry place to live, electricity, indoor plumbing, family, friends, spouse, pets, vacations, ability to travel to the other side of the world in a day, automobiles, nice clothes, telephones, cell phones, stereos, computers, high speed world wide computer networking, e-mail, voice mail, TVs with 200 channels and automatic recording, washing machines, exercise equipment, the right to bear arms, the right to vote once, better health care than any billionaire had 25 years ago, the spiteful envy of the world.


22 posted on 03/10/2007 12:47:32 PM PST by Reeses
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To: lowbridge
I dont have a favorite billionaire. I hate them all. That is, untill I become a billionaire. :-)

I thought you got about a Kazillion dollars from some long lost relative in the ministry of oil in Nigeria.

23 posted on 03/10/2007 12:48:07 PM PST by sockmonkey
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To: nascarnation

Thanks, and it's true!


24 posted on 03/10/2007 12:48:19 PM PST by Prost1 (Fair and Unbiased as always!)
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To: FReepaholic

>>...Moscow took over from New York as home to the world's largest cluster of billionaires...



What worries me is how many of these guys made their money by selling surplus nukes to terrorist groups?<<

Those probably are open about how rich they are... most of the public Moscow billionaires want to be on the Forbes list. They did things like when all the employees of a Soviet Steel company or oil company were given shares, they bought up shares from the employees before it became clear that the companies would be worth billions instead of millions. Or they bought up run down apartments in Moscow correctly anticipating that land there would be very valuable.

The ones selling nuke secrets are apparently lower profile. The KGB may be gone but the successor agency has long arms.


25 posted on 03/10/2007 12:48:33 PM PST by gondramB (It wasn't raining when Noah built the ark.)
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To: lowbridge; onyx; Howlin; veronica
Mine is Oprah. I don't care about her politics...she's an inspiration, she's a philanthropist and she's a forward thinker. She is absolutely the best at what she does....Here's one of the best graduation speeches ever made. It was her address to Wellesley in the late 1990's. I would suggest everyone read it. Here's the best part of it: (The bold part are my favorite parts and the last paragraph is the biggest lesson of them all.)

--------------------------------------------
You all know this, that life is a journey and I want to share with you just for a few moments about five things (aren't you glad they aren't ten) five things that have made this journey for me exciting. Five lessons that I've learned that if I had gone to Wellesley I could have not made as many mistakes, but five lessons that I've learned that have helped me to make my life better.

First of all, life is a journey. I've learned to become more fully who you are and that is what I love about this institution, it allows women to come to the fullest extent of their possibilities who they really are and that's what life does--teach you to be who you are. It took me a while to get that lesson, that it really is just about everyday experiences, teaching you, moment in, moment out, who you really are. That every experience is here to teach you more fully how to be who you really are. Because, for a long time I wanted to be somebody else. I mean growing up I didn't have a lot of role models. I was born in l954. On TV there was only Buckwheat, and I was ten years old before I saw Diana Ross on "The Ed Sullivan Show" with the Supremes and said I want to be like that. It took me a long time to realize I was never going to have Diana Ross' thighs, no matter how many diets I went on, and I was not going to have her hair neither unless I bought some. I came to the realization after being in television and having the news director trying to make me into something that I wasn't and going to New York and allowing myself to be treated less than I should have been--going to a beauty salon, you all know there is a difference between Black hair and White hair. That is the one thing you learn the first week at Wellesley: how did you get your hair to do that? What I learned going to a beauty salon and asking them, after the news director told me that my hair was too thick and my eyes were too far apart and I needed a makeover, sitting in a French beauty salon, allowing them to put a French perm on my Black hair and having the perm burn through my cerebral cortex and not being the woman that I am now, so not having the courage to say, "this is burning me," and coming out a week later bald and having to go on the air. You learn a lot about yourself when you are Black, and a woman and bald and trying to be an anchor woman. You learn you are not Diana Ross and that you are not Barbara Walters who I was trying to be at the time.

I had a lot of lessons. I remember going on the air many times and not reading my copy ahead of time. I was on the air one night and ran across the word "Barbados," that may be Barbados to you but it was " Barb-a-does" to me that night and telling the story as an anchor woman about a vote in absentia in California, I thought it was located near San Francisco. This is when I broke out of my Barbara shell, because I am sitting there, crossing my legs, trying to talk like Barbara, be like Barbara, and I was reading a story about someone with a "blaze" attitude which, if I had gone to Wellesley, I would have known it was blasé and I started to laugh at myself on the air and broke through my Barbara shell and had decided on that day that laughing was OK even though Barbara hadn't at that time. It was through my series of mistakes that I learned I could be a better Oprah than I could be a better Barbara. I allowed Barbara to be the mentor for me, as she always has been, and I decided then to try to pursue the idea of being myself and I am just thrilled that I get paid so much every day for just being myself, but it was a lesson long in coming, recognizing that I had the instinct, that inner voice that told me that you need to try to find a way to answer to your own truth was the voice I needed to be still and listen to.

One of the other great lessons I learned taught to me by my friend and mentor, Maya Angelou and if you can get this, you can save yourself a lot of time. Wendy and I have had many discussions about this, particularly when it comes to men, although she has a very nice one right now. Remember this because this will happen many times in your life:

When people show you who they are, believe them, the first time. Not the 29th time! That is particularly good when it comes to men situations because when he doesn't call back the first time, when you are mistreated the first time, when you see someone who shows you a lack of integrity or dishonesty the first time, know that that will be followed by many, many, many other times that will at some point in life come back to haunt or hurt you. When people show you who they are, believe them, the first time. Live your life from truth and you will survive everything, everything, I believe even death. You will survive everything if you can live your life from the point of view of truth. That took me a while to get, pretending to be something I wasn't, wanting to be somebody I couldn't, but understanding deep inside myself when I was willing to listen, that my own truth and only my own truth could set me free.

Turn your wounds into wisdom. You will be wounded many times in your life. You'll make mistakes. Some people will call them failures but I have learned that failure is really God's way of saying, "Excuse me, you're moving in the wrong direction." It's just an experience, just an experience.

I remember being taken off the air in Baltimore, being told that I was no longer being fit for television and that I could not anchor the news because I used to go out on the stories and my own truth was, even though I am not a weeper, I would cry for the people in the stories, which really wasn't very effective as a news reporter to be covering a fire and crying because the people lost their house [pretending to cry as she said this]. And it wasn't until I was demoted as an on-air anchor woman and thrown into the talk show arena to get rid of me, that I allowed my own truth to come through. The first day I was on the air doing my first talk show back in l978, it felt like breathing, which is what your true passion should feel like. It should be so natural to you. And so, I took what had been a mistake, what had been perceived as a failure with my career as an anchor woman in the news business and turned it into a talk show career that's done OK for me!

Be grateful. I have kept a journal since I was l5 years old and if you look back on my journal when I was l5, l6, it's all filled with boy trouble, men trouble, my daddy wouldn't let me go to Shoney's with Anthony Otie, things like that. As I've grown older, I have learned to appreciate living in the moment and I ask that you do, too. I am asking this graduating class, those of you here, I've asked all of my viewers in America and across the world to do this one thing. Keep a grateful journal. Every night list five things that happened this day, in days to come that you are grateful for. What it will begin to do is to change your perspective of your day and your life. I believe that if you can learn to focus on what you have, you will always see that the universe is abundant and you will have more. If you concentrate and focus in your life on what you don't have, you will never have enough. Be grateful. Keep a journal. You all are all over my journal tonight.

Create the highest, grandest vision possible for your life because you become what you believe. When I was little girl, Mississippi, growing up on the farm, only Buckwheat as a role model, watching my grandmother boil clothes in a big, iron pot through the screen door, because we didn't have a washing machine and made everything we had. I watched her and realized somehow inside myself, in the spirit of myself, that although this was segregated Mississippi and I was "colored" and female, that my life could be bigger, greater than what I saw. I remember being four or five years old, I certainly couldn't articulate it, but it was a feeling and a feeling that I allowed myself to follow. I allowed myself to follow it because if you were to ask me what is the secret to my success, it is because I understand that there is a power greater than myself, that rules my life and in life if you can be still long enough in all of your endeavors, the good times, the hard times, to connect yourself to the source, I call it God, you can call it whatever you want to, the force, nature, Allah, the power. If you can connect yourself to the source and allow the energy that is your personality, your life force to be connected to the greater force, anything is possible for you. I am proof of that. I think that my life, the fact that I was born where I was born, and the time that I was and have been able to do what I have done speaks to the possibility. Not that I am special, but that it could be done. Hold the highest, grandest vision for yourself.

Just recently we followed Tina Turner around the country because I wanted to be Tina. So I had me a nice little wig made and I followed Tina Turner because that is what I can do and one of the reasons I wanted to do that is Tina Turner is one of those women who have overcome great obstacles, was battered in her life, and like a phoenix rose out of that to have great legs and a great sense of herself. I wanted to honor other women who had overcome obstacles and to say that Tina's life, although she is this great stage performer, Tina's life is a mirror of your life because it proves that you can overcome.

Every life speaks to the power of what can be done. So I wanted to honor women all over the country and celebrate their dreams and Tina's tour was called the Wildest Dreams Tour. I asked women to write me their wildest dreams and tell me what their wildest dreams were. Our intention was to fulfill their wildest dreams. We got 77,000 letters, 77,000. To our disappointment we found that the deeper the wound the smaller the dreams. So many women had such small visions, such small dreams for their lives that we had a diffcult time coming up with dreams to fulfill. So we did fulfill some. We paid off all the college debt, hmmm, for a young woman whose mother had died and she put her sisters and brothers through school. We paid off all the bills for a woman who had been battered and managed to put herself through college and her daughter through college. We sent a woman to Egypt who was dying of cancer and her lifetime dream was to sit on a camel and use a cell phone. We bought a house for another woman whose dream had always been to have her own home but because she was battered and had to flee with her children one night, had to leave the home seventeen years ago. And then we brought the other women who said we just wanted to see you, Oprah, and meet Tina. That was their dream! Imagine when we paid off the debt, gave the house, gave the trip to Egypt, the attitudes we got from the women who said, "I just want to see you." And some of them afterwards were crying to me saying that "we didn't know, we didn't know, and this is unfair," and I said, that is the lesson: you needed to dream a bigger dream for yourself. That is the lesson. Hold the highest vision possible for your life and it can come true.

26 posted on 03/10/2007 12:50:06 PM PST by Hildy (RINO=RUDY IS NUMBER ONE)
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To: Prost1
...They drive cars. They get up, go to work, go home and wonder where the time went...

You are so right! Well, except for the work part. They don't ALL work. Only the lucky ones. :)

(Some of them sit around wondering why they're not happy, or when the nephew will come to visit...or to murder them.)

27 posted on 03/10/2007 12:53:16 PM PST by Graymatter
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To: Graymatter

They all work, either making money or life unbearable for others or both.


28 posted on 03/10/2007 12:54:37 PM PST by Prost1 (Fair and Unbiased as always!)
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To: Reeses

We live better than the kings of old. Great post.


29 posted on 03/10/2007 1:01:43 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: desherwood7; Kimmers

"That's the beauty of the American Dream. "

Amen to that! I'd be happy just being a Millionaire. It's totally achievable over the course of an average lifetime here in America.

I've got a ways to go yet, but slow & steady wins the race. :)


30 posted on 03/10/2007 1:08:54 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Kimmers; All

"Only 1 percent of the world’s self-made billionaires are women! The 'Billionaires’ Club' appears for the most part to be for men only. I leave it to sociologists and cultural anthropologists to sort that one out. But for all the advances made by women in the past 50 or so years, the goal of amassing a billion dollars or more remains allusive."

Anyone care to venture why this is?


31 posted on 03/10/2007 1:17:15 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin
Anyone care to venture why this is?

They buy shoes.

Really women control the majority of the wealth in the world. Behind every successful man is a smart woman pulling the strings.

32 posted on 03/10/2007 1:29:11 PM PST by Reeses
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To: Kimmers
There is only one thing that makes John Edwards' "Two Americas" myth look more ridiculous than this story does, and that's the fact that John Edwards himself is a multi-millionaire who is the son of a mill worker. One of the reasons America is such a great country is that someone who is smart and enterprising can turn nothing into a million dollars, and someone who is stupid or lazy can turn a million dollars into nothing.

The one good purpose I think the lottery serves is that it provides ample illustration that being rich or poor isn't about how much money you have, but about what you do with the money you do have. You can be broke and not be poor, or you can win a few million dollars in the lottery and still be poor.
33 posted on 03/10/2007 1:30:16 PM PST by The Pack Knight
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To: Reeses

"Really women control the majority of the wealth in the world. Behind every successful man is a smart woman pulling the strings."

I'll buy that. It works that way in our house, LOL!


34 posted on 03/10/2007 1:30:35 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: sockmonkey

I traded in the kajillion for a picture of the long lost relative...wearing a fish.


35 posted on 03/10/2007 1:39:02 PM PST by lowbridge ("Of course Americans should vote Democrat" -Jihad Jaara, senior member, Al Aqsa Martyrs Brigade)
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To: Hildy

That was very nice. Thanks. I do agree that being yourself and true and connecting to G-d's universe are the right things to do. Great words from someone who really made something of herself and gives back.


36 posted on 03/10/2007 1:44:42 PM PST by Yaelle
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To: Reeses

The right to vote once? Are you bonkers? That only describes the half of the population that votes Republican.


37 posted on 03/10/2007 1:55:54 PM PST by ProtectOurFreedom
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To: Kimmers
Here's What You Have in Common With a Billionaire ...

Don't tell me ... we both had sex with Anna Nicole Smith?

38 posted on 03/10/2007 1:59:17 PM PST by x
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To: x

AND WE HAVE A WINNER !!!!!!!!

LOL.....


39 posted on 03/10/2007 2:01:30 PM PST by Kimmers
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To: Kimmers

I don't care how much money a man has; he still can't drink more than 30 or 40 beers a day.


40 posted on 03/10/2007 2:43:15 PM PST by Lexington Green
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To: raybbr

Russia is making money hand-over-fist with oil and natural gas.


41 posted on 03/10/2007 2:50:13 PM PST by xc1427 (It's better to die on your feet than to live on your knees...Midnight Oil (Power and the Passion))
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To: Kimmers
>Here's What You Have in Common With a Billionaire ...


We both have a crush
on Lana Lang. However,
Lex talks to her more . . .

42 posted on 03/10/2007 2:54:08 PM PST by theFIRMbss
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To: Lexington Green

...unless he or she listens to Psychostick's "Beer is Good!!!"


43 posted on 03/10/2007 2:54:12 PM PST by xc1427 (It's better to die on your feet than to live on your knees...Midnight Oil (Power and the Passion))
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To: Kimmers

That rather soundly puts the lie to the "disadvantaged" hogwash inherent in liberal classist diatribes.


44 posted on 03/10/2007 3:12:37 PM PST by TigersEye (Fat bottom girls make the rockin' world go 'round.)
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To: Yaelle

I agree. And I'm surprised nobody has jumped on me yet! I love the part of that speech where she basically says you get the dreams you dream for. Dream small, and that's what you'll get. The more wounded the woman, the smaller the dream. Man, she's so right about that.


45 posted on 03/10/2007 3:20:20 PM PST by Hildy (RINO=RUDY IS NUMBER ONE)
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To: Kimmers

Every one of the new Russian billionaires are there because of oil or metals prices. Eight years ago they were crying in their vodka and looking to unload those assets.


46 posted on 03/10/2007 3:28:49 PM PST by montag813
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To: TigersEye

I'm confused. My liberal friends told me that all billionaires got their money by stealing it from black people!


47 posted on 03/10/2007 5:24:15 PM PST by Pete98 (After his defeat by the Son of God, Satan changed his name to Allah and started over.)
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To: Pete98

Oh yeah. That's where the big money is.


48 posted on 03/10/2007 10:54:20 PM PST by TigersEye (For Democrats; victory in Iraq is not an option!)
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To: raybbr

I haven't been able to read the latest issue of Forbes yet.


49 posted on 03/12/2007 8:41:06 AM PDT by desherwood7
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To: Diana in Wisconsin

You're absolutely correct! Slow and Steady does win the race! That's the only way you'll make any sort of money is to go it slow.


50 posted on 03/12/2007 8:48:02 AM PDT by desherwood7
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