Home | Community | Message Board



Please support our sponsors.

General Interest >> Political Discussion

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post. Pages: 1
Offlinehongomon
old hand
Registered: 04/14/02
Posts: 910
Loc: comin' at ya
Last seen: 12 years, 7 months
They missed it
    #1345876 - 03/01/03 11:35 PM (13 years, 9 months ago)

At the time I read this article I didn't think anything of it, but later I realized that these guys completely missed the real story. It's the part in bold, near the bottom.

article

By Meg Richards, Associated Press, 2/28/2003

NEW YORK ? While many of the world's richest
people saw their fortunes shrink again in the
last year, Oprah Winfrey's grew enough to put
her on Forbes magazine's list of billionaires ?
the first black woman to join the ranks

Bill Gates leads the list for the ninth straight
year, but the Microsoft co-founder's net worth
fell 23 percent from a year ago to $40.7
billion. Investment guru Warren Buffett remained
in second place with $30.5 billion, a 13 percent
drop from last year.

Gates' personal wealth, much of it in company
stock, has diminished by 60 percent since April
1998, when it briefly reached $100 billion. His
worst year was 1999, when it plunged by a third
as the government pursued an antitrust case
against Microsoft. Forbes notes he is also the
world's biggest giver, donating $1 billion
annually to charity, largely to vaccine research.

Meanwhile, Oprah's media empire grew steadily
stronger, and she made the list this year with a
net worth of $1 billion. Her debut comes just
two years after Black Entertainment Television
founder Robert Johnson became the first black
billionaire.

Membership in the exclusive club fell by 21 this
year to 476, the third year of declines since
the economy weakened and stock markets started
falling. The group's combined wealth also fell
to $1.4 trillion from $1.54 trillion last year.

"You see the poor economies wreaking havoc on
their finances like everyone else. They're not
immune," said Louisa Kroll, who edited Forbes'
March billionaires issue, which hits newsstands
Friday.

The 222 Americans on the list hold 47 percent of
the group's wealth. But U.S. billionaires
collectively lost $98 billion last year. Of the
67 billionaires who left the list, there were 30
Americans, including media mogul Barry Diller,
venture capitalist Vinod Khosla and Sid Bass, a
member of one of Texas's wealthiest families.

Four of last year's billionaires were wiped out
entirely ? Swiss shareholder activist Martin
Ebner, German media tycoon Leo Kirch, Brazilian
television mogul Roberto Marinho and Turkish
banker Mehmet Karamehmet.

A fifth, Swiss businessman Klaus J. Jacobs, gave
it all away. Another whose net worth plummeted
was Canadian cable magnate Andre Chagnon, who
donated nearly his entire fortune to help fight
disease and obesity among children.


Germany's 43 billionaires are led by retailers
Theo and Karl Albrecht, who remained comfortably
in third place with a combined net worth of
$25.6 billion, down from $26.8 billion last year.

*********

How often does a billionaire give it all away like that? That's fucking amazing! Sure, it's interesting to hear about who has how many billions, but there's the real story, buried near the bottom.



Post Extras: Print Post  Remind Me! Notify Moderator
Offlinerecalcitrant
My Own God

Registered: 04/20/02
Posts: 2,927
Loc: Canada West
Last seen: 6 months, 23 days
Re: They missed it [Re: hongomon]
    #1345882 - 03/01/03 11:47 PM (13 years, 9 months ago)

Gates gives away a billion dollars a year.

plus he said that he plans to give away 90% of his personal wealth.


--------------------

We have to answer our own prayers


Post Extras: Print Post  Remind Me! Notify Moderator
Anonymous

Re: They missed it [Re: recalcitrant]
    #1345887 - 03/02/03 12:01 AM (13 years, 9 months ago)

Not enough, not nearly enough!  :mad:

Either he gives it all away or he's a fucking captialist bastard!

[/major sarcasm]

Great story hongomon!

Cheers,


Post Extras: Print Post  Remind Me! Notify Moderator
Offlinehongomon
old hand
Registered: 04/14/02
Posts: 910
Loc: comin' at ya
Last seen: 12 years, 7 months
Re: They missed it [Re: recalcitrant]
    #1348795 - 03/03/03 10:15 PM (13 years, 9 months ago)

Quote:

Gates gives away a billion dollars a year.

plus he said that he plans to give away 90% of his personal wealth.




Another good story! Reminds me of a philanthropy quiz I just found:

quiz

Rich people need role models too!


Post Extras: Print Post  Remind Me! Notify Moderator
Offlinehongomon
old hand
Registered: 04/14/02
Posts: 910
Loc: comin' at ya
Last seen: 12 years, 7 months
Re: They missed it [Re: ]
    #1348797 - 03/03/03 10:17 PM (13 years, 9 months ago)

thanks  :wink:

 


Post Extras: Print Post  Remind Me! Notify Moderator
Jump to top. Pages: 1

General Interest >> Political Discussion

Similar ThreadsPosterViewsRepliesLast post
* Billionaire Belinda's Bombshell carbonhoots 686 8 02/14/06 05:31 AM
by Phred
* The Missing Medal Worf 413 6 08/27/04 09:51 PM
by Worf
* Missing WMD's: FindLaw's Legal Commentary Edame 717 15 06/06/03 10:17 PM
by Edame
* The Case of the Missing WMD's
( 1 2 all )
Anonymous 1,600 30 04/05/04 12:54 PM
by Xlea321
* I miss...............
( 1 2 all )
Learyfan 1,152 31 07/27/04 06:53 AM
by Innvertigo
* WTF, what am I missing here?
( 1 2 3 all )
Hank, FTW 1,389 41 07/20/06 11:03 PM
by Meat_Log_Smurf
* Military "Attack Dolphins" are missing
RandalFlagg
664 12 09/27/05 09:05 AM
by MagicalMystery
* $1 billion reported missing in Iraq
RandalFlagg
628 7 10/12/05 02:22 AM
by Alex213

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Prisoner#1, Enlil
336 topic views. 1 members, 2 guests and 3 web crawlers are browsing this forum.
[ Toggle Favorite | Print Topic | Stats ]
Search this thread:
Lil Shop Of Spores
Please support our sponsors.

Copyright 1997-2016 Mind Media. Some rights reserved.

Generated in 0.046 seconds spending 0.004 seconds on 14 queries.