blackangst1
Lifer
This years top 400 has some good news - 70% of the richest 400 are self made (read: not inherited and worked their asses off for it, with some lucky strokes along the way). Although the gap between the rich and poor is growing, its good news because the stereotypes of the rich not earning their keep is becoming a cliche and nothing but a talking point. This just shows America is still a place where your dreams can come true...if youre willing to work hard, have an original idea, take chances, and have a few gusts of luck blow your way!
Summary of Forbes top 400
Summary of Forbes top 400
Despite the stalled economy, the nation's wealthiest are worth a combined $1.53 trillion, nearly equivalent to the GDP of our neighbor Canada. Their total wealth is up 12% in the year through August 26, when we took a snapshot of everyone's net worth, meaning these affluent folks did slightly better than the markets; the S&P 500, for instance, was up 10% in that time.
But it's not simply a case of the rich getting richer. The Forbes 400 grows more meritocratic over time. An all-time high 70% of this year's list are self-made, up from 55% in 1997.
