Page 1 of 2 12 LastLast
Results 1 to 20 of 29

Thread: Becoming a billionaire: what does it really take?

  1. #1

    Becoming a billionaire: what does it really take?

    Last week the 2008 Forbes list of worlds richest people was released and it made me wonder. There are now 1,125 in the world. For the first time ever, more than one thousand. And Bill Gates is no longer number one, but in fact number 3 now. And there are only 4 Americans on the top 20. Down from 8

    link:
    http://www.forbes.com/2008/03/05/ric...llie_land.html


    What does it really take to become one? Drive? dedication? inheritance? pure luck? never letting go of a dream? Let me know what you think
    Last edited by conquistaDan; Wed, 03-12-2008 at 02:40 AM.

  2. #2
    Benevolent Dictator
    complich8's Avatar
    Join Date
    Jul 2003
    Location
    some terminal somewhere
    Age
    44
    Posts
    2,189
    Blog Entries
    1
    Step 1: become a millionaire.
    Step 2: repeat step 1 a thousand times.

    But seriously, a lot of the billionaires around either founded, co-founded, or invested heavily in companies that grew dramatically. Or they inherited large fortunes (or oil fields) and grew the investment... either way.

  3. #3
    Lasers? Cookies? FTW!
    (universally beloved
    moderator ex-emerita)
    KitKat's Avatar
    Join Date
    Aug 2004
    Location
    Vancouver, BC
    Age
    42
    Posts
    1,649
    Quote Originally Posted by complich8
    Step 1: become a millionaire.
    Step 2: repeat step 1 a thousand times.
    No no, you've got it all wrong. It's:
    Step 1: Find a billionaire.
    Step 2: Marry billionaire.

    Hehe, I jest. On the original topic, it doesn't surprise me at all that there are fewer Americans on that list. It's much easier to be a billionaire in a country where you can pay the police to look the other way to what you're doing. Maybe I'm spoiling your idealistic dreams of riches with my cynicism (I know, who would have thought that KitKat would be cynical!) but I'll bet a lot of those people gained their billions at the cost of others. Not a price I'd be willing to pay, personally.

  4. #4
    Burning out, no really... David75's Avatar
    Join Date
    Sep 2006
    Location
    Paris & Versailles, France
    Age
    49
    Posts
    4,997
    Housing, and globally asset's bubbles allowed for "artificial" fortune growth.

    Sadly when those bubble burst, the world won't be as peaceful as it is now.

    There is like US$516 trillion of assets in bubble... when US gdp is 15 trillion/year and all of the world real estate is 75 trillion.
    those 516 trillion were only 100 in the beggining of the millenium.

    I do hope the situation does not get like in 1929 or worse.

    All the things I really like to do are either illegal, immoral, or fattening. And then: Golf.

  5. #5
    What's up, doc? Animeniax's Avatar
    Join Date
    May 2006
    Location
    In my cubicle
    Age
    53
    Posts
    7,055
    Wow, notice how many Russian billionaires there are and all in their early 40s. Probably mobbed up or criminally negligent? Or did they just get lucky with the new free enterprise Russia?


    For God will not permit that we shall know what is to come... those who by some sorcery or by some dream might come to pierce the veil that lies so darkly over all that is before them may serve by just that vision to cause that God should wrench the world from its heading and set it upon another course altogether and then where stands the sorcerer? Where the dreamer and his dream?

  6. #6
    I think it's mostly a mix of inheritance and luck.

  7. #7
    First you buy the things that you always want to buy!!
    (you have still enough money)

    Second you what money to your parents and buy expensive gifts for your other family
    (You still have enough money)


    Third stop with your job
    (you still have ebough money)

    Fourth live just like a miljonair

    Fifth do what you want

  8. #8
    Awesome user with default custom title XanBcoo's Avatar
    Join Date
    Feb 2005
    Location
    In my own little world
    Age
    37
    Posts
    5,532
    Quote Originally Posted by Zachiru-Hirosaki
    First you buy the things that you always want to buy!!
    (you have still enough money)

    Second you what money to your parents and buy expensive gifts for your other family
    (You still have enough money)


    Third stop with your job
    (you still have ebough money)

    Fourth live just like a miljonair

    Fifth do what you want
    ...I think you misunderstood the question just a little.

    <@Terra> he told me this, "man actually meeting terra is so fucking big", and he started crying. Then he bought me hot dogs

  9. #9
    Burning out, no really... David75's Avatar
    Join Date
    Sep 2006
    Location
    Paris & Versailles, France
    Age
    49
    Posts
    4,997
    Quote Originally Posted by Animeniax
    Wow, notice how many Russian billionaires there are and all in their early 40s. Probably mobbed up or criminally negligent? Or did they just get lucky with the new free enterprise Russia?
    Take Yukos, it's former boss now in jail, was very near the gov and benefited from freedom in stealing from the russian people old system...

    All the things I really like to do are either illegal, immoral, or fattening. And then: Golf.

  10. #10
    Quote Originally Posted by Zachiru-Hirosaki
    First you buy the things that you always want to buy!!
    (you have still enough money)

    Second you what money to your parents and buy expensive gifts for your other family
    (You still have enough money)


    Third stop with your job
    (you still have ebough money)

    Fourth live just like a miljonair

    Fifth do what you want
    Money -> Power -> Women

  11. #11
    Burning out, no really... David75's Avatar
    Join Date
    Sep 2006
    Location
    Paris & Versailles, France
    Age
    49
    Posts
    4,997
    You are rich when the interests of your interests allow you to live like a millionaire

    All the things I really like to do are either illegal, immoral, or fattening. And then: Golf.

  12. #12
    Quote Originally Posted by David75
    You are rich when the interests of your interests allow you to live like a millionaire
    So if i am rich and my interests allow me to live like a miljonair then i am rich. But i am not rich how can my interests allow me to live like a miljonair>Head Pressure

  13. #13
    Burning out, no really... David75's Avatar
    Join Date
    Sep 2006
    Location
    Paris & Versailles, France
    Age
    49
    Posts
    4,997
    Quote Originally Posted by Zachiru-Hirosaki
    So if i am rich and my interests allow me to live like a miljonair then i am rich. But i am not rich how can my interests allow me to live like a miljonair>Head Pressure
    Was I lost in translation?
    Bank interests, when money produces more money?

    All the things I really like to do are either illegal, immoral, or fattening. And then: Golf.

  14. #14
    Quote Originally Posted by KitKat
    No no, you've got it all wrong. It's:
    Step 1: Find a billionaire.
    Step 2: Marry billionaire.

    Hehe, I jest. On the original topic, it doesn't surprise me at all that there are fewer Americans on that list. It's much easier to be a billionaire in a country where you can pay the police to look the other way to what you're doing. Maybe I'm spoiling your idealistic dreams of riches with my cynicism (I know, who would have thought that KitKat would be cynical!) but I'll bet a lot of those people gained their billions at the cost of others. Not a price I'd be willing to pay, personally.
    Step 3 : Turn Widow

  15. #15
    Quote Originally Posted by Inazuma
    Step 3 : Turn Widow
    Awake much?

  16. #16
    Yondaime Hokage Psyke's Avatar
    Join Date
    Jan 2005
    Location
    Sunny Singapore
    Age
    44
    Posts
    3,237
    From another related article on the list of the world's billionaires:

    And the magazine revealed Zuckerberg – creator of social networking site Facebook – is the youngest self-made U.S. billionaire to ever appear in the Forbes billionaire rankings.

    The website, which he set up to keep in touch with friends he made at Harvard, has made the 23-year-old £755million.


    So there you have it. a 23 year old billionaire.
    "Our hearts are full of memories but not all of them reflect the truth. The heart isn't a recording device. Even important memories change with time. They warp or fade, leaving us with but a shadow of what we hoped to remember." 天の道を行き、全てを司る。これは僕の世界。

  17. #17
    What's up, doc? Animeniax's Avatar
    Join Date
    May 2006
    Location
    In my cubicle
    Age
    53
    Posts
    7,055
    Yeah, but he's just barely a billionaire.

    Besides, like they say, "mo' money, mo' problems".


    For God will not permit that we shall know what is to come... those who by some sorcery or by some dream might come to pierce the veil that lies so darkly over all that is before them may serve by just that vision to cause that God should wrench the world from its heading and set it upon another course altogether and then where stands the sorcerer? Where the dreamer and his dream?

  18. #18
    Quote Originally Posted by Psyke
    From another related article on the list of the world's billionaires:

    And the magazine revealed Zuckerberg – creator of social networking site Facebook – is the youngest self-made U.S. billionaire to ever appear in the Forbes billionaire rankings.

    The website, which he set up to keep in touch with friends he made at Harvard, has made the 23-year-old £755million.


    So there you have it. a 23 year old billionaire.

    Yeah about that. I really hope someone didn't bring that up. Really, really. Because I kind of started this thread just to see what people thought. But also, to gain feedback on things. And, Zuckerberg, is only 8 months older than me. Why does this matter? > conquistaDans biggest passions in life.

    On top of the list:
    to be in the position Zuckerberg is. He basically stole my biggest goal in life. Seriously, thats my number one goal other than to marry a 10. I can't say steal, because we didn't know each other. Nor was Facebook my idea, but we're in the same industry (online advertising) and we're the same age. Thats the big stinger.

    My biggest one is to get the satisfaction of having a copy of the list in your back pocket and high light my name to anyone who doesn't believe me, and then match it up to my ID from my wallet. Then if they do, buy them a steak dinner and a round of expensive wine.

    shameless plug:
    www.pocketcents.com

    let me know what you think. I hope you all like it.
    Last edited by conquistaDan; Thu, 03-13-2008 at 01:44 AM.

  19. #19
    I think that there is a lot of chance that you will be deprived without protection.
    Thats why i dont want to be rich because you cant live like other people do. If have protection then you cant go anywhere because its prohibited

  20. #20
    Benevolent Dictator
    complich8's Avatar
    Join Date
    Jul 2003
    Location
    some terminal somewhere
    Age
    44
    Posts
    2,189
    Blog Entries
    1
    Quote Originally Posted by Zachiru-Hirosaki
    I think that there is a lot of chance that you will be deprived without protection.
    Thats why i dont want to be rich because you cant live like other people do. If have protection then you cant go anywhere because its prohibited
    I'm gonna have to go back to Warren Buffett on that one. The guy drives his own car, goes to his favorite restaurant, and doesn't carry around a team of bodyguards or anything like that. Richest man in the world.

    If you're wealthy, but live a modest life, nobody's going to really even know that you're wealthy. But if you act like you're god's gift to humanity because you've managed to accumulate some scratch, people will think you're an arrogant prick and target you just to take you down a couple pegs.

    In other words, if you play your cards close to your chest, you'll probably be fine.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •