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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (158525)	1/20/2003 4:05:55 PM
From: tejek	Read Replies (1) \| Respond to of 1575357

No Ted. It is true for the US now. Most of the very top of the richest people did not start out that way. The richest people in the US (not necessarily in order but the order changes with the ever shifting stock market) are Gates, Buffet, Paul Allen, the Walton family, Steve Balmer, and Micheal Dell. Only the Walton family inherited the wealth and one generation back you get Sam Walton who did not start out wealthy. Not according to Forbes magazine, Tim.....they say 43% of the wealthiest Americans inherited their money while fifty seven percent made it on their own........that's hardly most. And like I've pointed out previously, the study I saw last year took this issue one step further and said more than 50% of the richest of Americans inherited their wealth and were not self made. Apparently, unlike Forbes, the study dealt with more than just the top 400. ted