Posted on 09/21/2007 6:00:06 AM PDT by period end of story
One billion dollars is no longer enough. The price of admission to this, the 25th anniversary edition of the Forbes 400, is $1.3 billion, up $300 million from last year. The collective net worth of the nation's mightiest plutocrats rose $290 billion to $1.54 trillion.
Wall Street led the charge, despite this summer's market jitters. Nearly half of the 45 new members made their fortunes in hedge funds and private equity. Money manager John Paulson joins the list after pocketing more than $1 billion short-selling subprime credit this summer.
Leveraged buyout titans David Bonderman and James Coulter of Texas Pacific Group make their first appearance on the list, along with William Conway, Daniel D'Aniello and David Rubenstein of the Carlyle Group. Blackstone billionaires Peter Peterson and Hamilton "Tony" James also join the Forbes 400 for the first time.
(Excerpt) Read more at forbes.com ...
Dang, I just missed it again :-)
Yeah, me too. At least I shook hands with one of them...
The "tax the rich crowd" needs to understand that at the current federal budget spending level (about $3 trillion a year), if Uncle Sam were to tax that wealth at 100% and take it all, it would only be enough to run the government for six months, and then only one time.
I'm guessing it wasn't Soros. (33rd on the list)
Ewww, no! I would’t have been able to admit to that—I’d still be busy disinfecting my hands!
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