Saturday, October 11, 2014

America's 400 Most RIDICULOUSLY RICH People today.

http://www.alternet.org/americas-400-ridiculously-richest-people-2014-edition?akid=12349.294211.lHrc-K&rd=1&src=newsletter1022673&t=9


Imagine yourself part of the typical American family. Your household would have, the Federal Reserve  reported last month, a net worth of $81,200.
Not much. But 50 percent of America’s households would actually have less wealth than you do. The other half would have more.

You need relief. We’re going to give it to you. We’re going to multiply your $5.2 million fortune 1,000 times over — to $5.2 billion. Now you can buy your own private jet.
Even better, now you get your name printed in the annual Forbes magazine list of America’s 400 richest. At $5.2 billion, your fortune would nearly rate as an average Forbes 400 stash. America’s top 400, Forbes  revealed last week, now hold a combined net worth of $2.29 trillion. That places the average Forbes 400 fortune at $5.7 billion, an all-time record high.
Remember back when you held that median American nest-egg of $81,200? The average member of the Forbes 400 holds a fortune over 70,000 times that size.
And the richest of these 400 hold far more than that average. Take Larry Ellison, the third-ranking deep pocket on this year’s Forbes list. Ellison just stepped down as the CEO of the Oracle business software colossus. His net worth: $50 billion.
What does Ellison do with all those billions? He  collects homes and estates, for starters, with 15 or so scattered all around the world. Ellison likes yachts, too. He currently  has two extremely big ones, each over half as long as a football field.

Hiring that ball-retriever qualifies Ellison a “job creator,” right? Maybe not. Ellison has regularly destroyed jobs on his way to grand fortune. He has become, over the years, a master of the merge-and-purge two-step: First you snatch your rival’s customers, then you fire its workers. 

Forbes doesn’t bother asking how those rich went about self-making their fortunes. We should. Our top 400, after all, haven’t just made monstrously large fortunes. They’ve made a monstrously large mess. To unmake it, we need to unmake them. 

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