That's because men with money ARE successful. There are the very rare exceptions like someone winning the lottery and then blowing it but that's probably less than .01% of rich men.
I don't think that someone who inherits $700 million and has an estimated worth of $750 million half a century later should be seen as particularly successful.
That's because men with money ARE successful. There are the very rare exceptions like someone winning the lottery and then blowing it but that's probably less than .01% of rich men.
I don't think that someone who inherits $700 million and has an estimated worth of $750 million half a century later should be seen as particularly successful.
But you are talking about the very rare exception. Many people who inherit money are successful long before they inherit anything, mostly because they come from surroundings of success. Someone inheriting 700 million dollars who isn't already successful is probably much more rare than hitting the lottery. I wasn't talking about that extremely rare situation. I was talking about the 99.99% of men with money, who got that way through success. So I'll put it another way, 99.99% of men with money ARE successful. I'll leave it to you to fret about the other .01%.
That's because men with money ARE successful. There are the very rare exceptions like someone winning the lottery and then blowing it but that's probably less than .01% of rich men.
I don't think that someone who inherits $700 million and has an estimated worth of $750 million half a century later should be seen as particularly successful.
But you are talking about the very rare exception. Many people who inherit money are successful long before they inherit anything, mostly because they come from surroundings of success. Someone inheriting 700 million dollars who isn't already successful is probably much more rare than hitting the lottery. I wasn't talking about that extremely rare situation. I was talking about the 99.99% of men with money, who got that way through success. So I'll put it another way, 99.99% of men with money ARE successful. I'll leave it to you to fret about the other .01%.
99.99% presumes a far larger number of those who "have" without an extremely generous notion of who the haves are, given that there is one terribly prominent and notorious faux "successful businessman" who did in fact inherit $700 million while very young and whose net worth is unknown, but has been estimated by at least one lender as not significantly higher. To say nothing of the hundreds of wealthy men who have never amounted to anything, but are rich through inheritance. The key difference is that they have not leveraged their fictions of success into power in another realm, which I'll admit is a kind of success: a two dollar con man who achieved one of the biggest prizes in existence through his game via the technologies of mass delusion.
More people need to read, especially such texts as Jim Thomson, The Grifters; and Herman Melville, The Confidence Man.
I'd say that you have a excellent point that corroborates my initial statement if you throw out a less hyperbolic made-up statistic like 90%.
OK, lets put it this way. Of all the millionaires you know, how many inherited 700 million or more? Then lets ask how many people overall inherit 700 million or more, not just the ones you know. Again you are talking about the very rare exception. I'm talking about the 99.99% of men with money who are successful. I dont care about the .01% like you do.
Every millionaire I know is self made. and that is an attractive quality. Making a lot of money is a sign of success. It's sort of like being a grandmaster in chess. It's easy for someone who doesn't know anything about chess to think most chess players are grandmasters, when in reality it's the very rare exception that are grandmasters. Most good (successful) chess players are very far below that level.
Of all the millionaires in America, and there are probably millions of them, I'll bet it's less than .01% of them who inherited 700 million or more as their only source of wealth.
"16% inherited more than $100,000. And get this: only 3% received an inheritance at or above $1 million."
This from an article arguing that inheritance as the source of millionaires is a myth.
Bear in mind that very few millionaires are worth in excess of 500 million, so of course the number who inherited $700,000 or more will be few. Nonetheless, 3% (300x your .01) received inheritances over one million.
ok so basically yall need to help me because I really need a man. I am so lonely and I have had so many men hit me up and I need side tingz. Help a girl out? I will play you chess sometime.....
"16% inherited more than $100,000. And get this: only 3% received an inheritance at or above $1 million."
This from an article arguing that inheritance as the source of millionaires is a myth.
Bear in mind that very few millionaires are worth in excess of 500 million, so of course the number who inherited $700,000 or more will be few. Nonetheless, 3% (300x your .01) received inheritances over one million.
Well, that's what I was saying. 500 million or more is extremely rare. 700 million or more even more rare. I still say less than .01%.
By far, by at least 99%, men with money are successful. I wouldn't be surprised if 3% of inheritances were a million or more but it seems like that number is low. And that doesn't take into account how successful someone is long before they inherit a single penny.
You were worried about someone inheriting 700 million or more. I still say that is less than .01% of all millionaires. I know I wouldn't worry about such an incredibly small number of people. What does your research say about how many people inherit 700 million or more?
What does your research say about how many people inherit 700 million or more?
I know of one. He's terrible at business and extremely insecure.
What does your research say about how many people inherit 700 million or more?
I know of one. He's terrible at business and extremely insecure.
One?? You made it sound like there are 4 on every block. Out of the millions of millionaires, the vast majority of which are self made, you are worried about ONE person who inherited money? Maybe you need a hobby.
He inherited money from his father to get started in business, and lots more when it wasn't enough. The only bank that will lend him money these days bases those loans on a net worth only slightly more than the $700 million that he inherited.
History is full of con men seducing attractive women.
Another good example of someone making a lot of money, and being successful, long before they inherited anything. Success is attractive.
He inherited money from his father to get started in business, and lots more when it wasn't enough. The only bank that will lend him money these days bases those loans on a net worth only slightly more than the $700 million that he inherited.
History is full of con men seducing attractive women.
History is full of attractive women conning men.
That's because men with money ARE successful. There are the very rare exceptions like someone winning the lottery and then blowing it but that's probably less than .01% of rich men.