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RE: Worlds richest man. - Apr. 29 2008 0:18:08
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ThaiFighter
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quote:
ORIGINAL: Shades of Jay
quote:
ORIGINAL: knockedout90
Warren Buffett, worth 62 billion, more than Bill gates  .
The thing that gets me the most is that in 2006 his annual income was 50k or $100000.
I would probable have trouble spending that much money lol, and I'm good at splashing cash 
wiki link http://en.wikipedia.org/wiki/Warren_Buffett
also list of the 100 wealthiest people of which Bill gates is now 3rd
http://en.wikipedia.org/wiki/List_of_billionaires_%282008%29
Ha, the richest man in the world - i don't think so.
The Rothchild family fortune is estimated at between 100-300 Trillion US dollars by many economists. This makes them several hundred times richer than Mr Buffett.
Whilst this may seem totally ridiculous, they are shareholders in the Federal Reserve, Bank of England, Bank of Canada, Bank of Australia & new zealand, and who know what else, Shareholders of the Bank of International Settlements, the World Bank, & the IMF. Bankrupted all countries, gov't & monarchies. These people have funded both sides of every major war for more than 200 years.
This is utter bollocks.
It's "Illuminati" bs that's often quoted on the internet...yet is...completely without base.
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RE: Worlds richest man. - Apr. 29 2008 0:25:30
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Puzzle
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No one is printing money and lending it to the government.
< Message edited by Puzzle -- Apr. 29 2008 0:27:00 >
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RE: Worlds richest man. - Apr. 29 2008 0:27:05
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Shades of Jay
Posts: 653
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From: Oxford United Kingdom
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quote:
ORIGINAL: ThaiFighter
quote:
ORIGINAL: Shades of Jay
quote:
ORIGINAL: knockedout90
Warren Buffett, worth 62 billion, more than Bill gates .
The thing that gets me the most is that in 2006 his annual income was 50k or $100000.
I would probable have trouble spending that much money lol, and I'm good at splashing cash
wiki link http://en.wikipedia.org/wiki/Warren_Buffett
also list of the 100 wealthiest people of which Bill gates is now 3rd
http://en.wikipedia.org/wiki/List_of_billionaires_%282008%29
Ha, the richest man in the world - i don't think so.
The Rothchild family fortune is estimated at between 100-300 Trillion US dollars by many economists. This makes them several hundred times richer than Mr Buffett.
Whilst this may seem totally ridiculous, they are shareholders in the Federal Reserve, Bank of England, Bank of Canada, Bank of Australia & new zealand, and who know what else, Shareholders of the Bank of International Settlements, the World Bank, & the IMF. Bankrupted all countries, gov't & monarchies. These people have funded both sides of every major war for more than 200 years.
This is utter bollocks.
It's "Illuminati" bs that's often quoted on the internet...yet is...completely without base.
Are you doubting that the Rothchild family are major shareholders in the federal reserve, BOE etc... which are privately owned yet print off the money?
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RE: Worlds richest man. - Apr. 29 2008 0:27:39
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ThaiFighter
Posts: 4397
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quote:
ORIGINAL: Shades of Jay
quote:
ORIGINAL: Wheels
quote:
The Rothchild family fortune is estimated at between 100-300 Trillion US dollars by many economists. This makes them several hundred times richer than Mr Buffett.
Name one.
Wheels
Morton (1962) noted that the Rothschild wealth was estimated at over $6 billion US in 1850. Not a significant amount in today's dollars; however, consider the potential future value compounded over 147 years!
Taking $6 billion (and assuming no erosion of the wealth base) and compounding that figure at various returns on investment (a conservative range of 4% to 8%) would suggest the following net worth of the Rothschild family enterprise:
$1.9 trillion US (@ 4%)
$7.8 trillion US (@ 5%)
$31.5 trillion US (@ 6%)
$125,189.1 trillion US (@ 7%)
$491,409.0 trillion US (@ 8%)
To give these figures some perspective consider these benchmarks:
A little of $300 billion US buys every ounce of gold in every central bank in the world (see John Kutyn's estimate (http://www.gold-eagle.com/gold_digest/kutyn111597.html).
U.S. M3 money supply August 1997 was $5.2 trillion
U.S. debt is currently $5.4 trillion.
U.S. GDP (1997; 2nd Q.) is $8.03 trillion.
George Soros' empire is worth an estimated $20 billion.
That is the important bit.
Wealth ALWAYS erodes.
Why?
Because the ability to BUILD wealth is very, very rare. It's unlikley Bill Gate's kids will be anywhere near as successful as their father, or Warren's as successful as him. Warren and Bill were both great businessment, great, great businessmen, and incredably lucky in terms of the opportunities they took advantage of, and the circumstances that led to the way they think and act today.
If Bill had have been popular in school...he probably wouldn't have studied as hard...and probably wouldn't have gone to Harvard...and probably wouldn't have took a risk and spent 50k on DOS, etc etc etc.
There's a saying that's very famous - or used to be:
"Clogs to clogs in 3 generations"
It means that, whilst the 1st generation might be the one to create wealth and grow rich, their children will spend most of that wealth throughout their life - simply because they're not as good with money as their parents were - and by the time the children have children of their own, their wealth will have dwindled.
This is one of those factors that is not only demonstrated in countless "Rich Lists" (i.e. the fact the rich list changes every year shows one thing - that people don't keep money, they make it or lose it), but also something that makes logical sense - if it's very hard to become very rich, and although many people try, only a few succeed....how on earth would one family be able to repeat the process over and over again?
They don't. Just like great footballers produce sons who aren't as proficient at the game, so do Billionaires typically (though not all the time - Donald Trump's father was worth maybe $350m at his peak, Trump is worth 10x more) produce children who aren't as good with money.
The Rothchilds, like the Rockerfellers (who I'd argue were always more rich), have lost billions in real terms over the past hundred years because the children in those family have an ever decreasing interest in, and ability to, earn money.
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RE: Worlds richest man. - Apr. 29 2008 0:39:04
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Wheels
Posts: 2140
Joined: Jun. 20 2003
From: Sometimes here, Sometimes there
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quote:
ORIGINAL: Shades of Jay
Obviously not as a Roman Emperor is not still printing of the money and then lending it to all major governments, unless you want to show me otherwise?
Therefore this is a ridiculous example to give.
No mate it's not. You've posted figures that have taken a wild guess at a families wealth and then extrapolated it over 150 years to give figures that are clearly utter nonsense. If you believe these figures, where did the money come from huh? Who paid them the interest? You can't say all the worlds govt's because this is more money they have ever had. Total world GDP for 2006 was 48 trillion, or 1/10 of what you think this family of wine collectors have.
So where is it? Show me the money
Ridiculous isn't even close to strong enough word for this.
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RE: Worlds richest man. - Apr. 29 2008 0:39:12
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Puzzle
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The Bank of England is owned by the British people.
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RE: Worlds richest man. - Apr. 29 2008 0:39:46
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BIGDOWNUNDER
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quote:
ORIGINAL: ThaiFighter
quote:
ORIGINAL: Wheels
quote:
ORIGINAL: BIGDOWNUNDER
Remembering these amounts are what are claimed to the tax man-imagine the real amounts  -I bet theres a few columbian gentlemen with a sh*tload more cash than these guys 
No, this is very very unlikely. You can't stuff 60 bil under your pillow. Even Pablo at his height had only a meer faction of the kind of wealth Gate or Buffet have.
Wheels
Pablo was the richest ever, by most accounts, and was worth around $1.4bn in his peak in the mid-80's. That would be....$5bn today?
No one to catch him now, the US spends $17bn a year plus trying to get them all arrested / killed.
killing Pablo was a good read was it not
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RE: Worlds richest man. - Apr. 29 2008 10:47:48
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Incredible Bulk
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lmao at the gay ad on this thread....
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