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To: exhon2004 who wrote (74357)2/23/1999 10:17:00 PM
From: philipah  Read Replies (1) | Respond to of 186894
 
Intel Fashion Show

Victoria's Secret - MIA

dailynews.yahoo.com

P



To: exhon2004 who wrote (74357)2/23/1999 11:04:00 PM
From: billwot  Respond to of 186894
 
Gre Not sure what Bill is worth,...

$84 billion, up $3.6 billion today.

nordby.com

billwot



To: exhon2004 who wrote (74357)2/23/1999 11:38:00 PM
From: Dave B  Read Replies (1) | Respond to of 186894
 
Greg,

Might be. Think about all the people who have negative net worth from maxing out their credit cards, not saving anything, etcetera.

I'll bet that most of the bottom 40% have a negative net worth.

Dave B



To: exhon2004 who wrote (74357)2/24/1999 3:27:00 AM
From: Jeff Fox  Read Replies (3) | Respond to of 186894
 
greg, re: "I'm no apologist for Bill but this 40% figure can't be right can it?" - Yes it can...

Assuming a population of 250M 40% = 100M. Not sure what Bill is worth, (today), but let's say $50B. 50,000M / 100M = $500 of net worth for every man, woman and child in this 40%.

If Bill is worth 60B or 70B, the numbers change to $600 and $700 respectively.


I did some fact checking on this today and I believe it. Most people live their paychecks. Most live with family or rent with little savings. I think 27% of us are children or teens, 25% of us are in poverty. Of the remainder home equity is forms the bulk of held wealth.

Holding wealth just isn't a very popular thing. For most of us there are critical needs that must be financed in the here and now. There are very, very few wealth holders in reality. Of those that do, the amount of wealth rises sharply exponentially toward the top.

And Gates is the by far the wealthiest.

Jeff

P.S. By the way, Bill is worth some $87 billion lately. He made about a cool billion just today. Also the U.S. population has climbed to 272 million...

references:
webho.com
venus.census.gov (1990 data)



To: exhon2004 who wrote (74357)2/24/1999 3:37:00 AM
From: Uncle Frank  Read Replies (2) | Respond to of 186894
 
Greg, I think the problem may be coming up with 100 million Americans in the lower 40%. They are probably looking at family income. Assuming 4 members per family, that would be 25 million family units. With Mr. Softee's worth at 84B (per billwot), that comes out to $3,3600 net worth per family.

Frank