The Wealth Creators
5 Success Styles of the Multi-Millionaires
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- $11.99
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- $11.99
Publisher Description
The last two decades saw a greater rise in wealth than during any comparable period in history. Now meet the wealth-driven people behind the dollars. The Multi-Millionaires. How Much They Made. How Each One Made It.
At the beginning of 2000, there were nearly three hundred billionaires and five million millionaires living in the United States. Total household wealth had reached $37 trillion, up from just over $8 trillion when Ronald Reagan became president. he stories of these super-rich men and women reflect the social and economic history of the last twenty years.
Roy C. Smith's The Wealth Creators takes the reader into five core areas of opportunity today as well as the career turning points of key individuals in each:
- Entrepreneurs like Mike Bloomberg, Sam Walton, and Ted Turner,
- Dealmakers such as Kirk Kerkorian, Ron Perelman, and Larry Tisch,
- Investors like Warren Buffett and financiers like George Soros,
- Corporate executives such as Jack Welch, Sandy Weill, and Michael Eisner,
- And entertainers like Oprah Winfrey, Steven Spielberg, and Tiger Woods.
PUBLISHERS WEEKLY
Rather than focusing on the personalities of the rich or how they spend their fortunes, Smith zeroes in on how they made their money to begin with. In 75 thumbnail sketches of some well-known billionaires (and a few anonymous millionaires), he explains how they leveraged their capital, brand names or business innovations to create bulging bank accounts. Eschewing biographical details and psychological insights, Smith concentrates on financial mechanics. For example, readers don't just learn that Citigroup CEO Sanford Weill made most of his money from stock options, they are treated to a detailed discussion of the stock option-reload plan in his contract. The entry on Michael Jordan ignores his achievements on the basketball court and emphasizes a statistical argument that shows why his endorsement value has been so high. Subjects, including Michael Bloomberg, Oprah Winfrey, Ron Perelman and Tiger Woods are divided into five categories: entrepreneurs, deal makers, investors, tycoons and entertainers, prefaced by explanations about the economics of each field. Interlaced with the case studies is Smith's fact-filled argument that social forces of the late 1970s opened up the possibility of creating enormous wealth, and that the subjects of this book are just extreme examples within the broader trend. However, this larger argument isn't bold enough, nor are his profiles engrossing enough, to satisfy those hoping to learn secret paths to instant wealth or to discover titillating gossip about superrich celebrities.
