For Whom Wealth Matters
January 15, 2013
Filed under Tidbits
Tagged with Amancio Ortega, Bernard Arnault, carlos Slim, Charles Koch, postaday, Prince Alwaleed, wealthymatters
About Keerthika SingaravelEngineer,Investor,Businessperson
What could such people want in the world after gaining such wealth?
The received wisdom is that when a person crosses the $400-500 million range he/she can just about buy everything available for sale.Pity I can’t verify that as yet.If you are interested here is an old post I did about what a billion dollars buys http://wealthymatters.com/2011/10/02/so-what-does-a-billion-dollars-buy/
Beyond the half a billion range I think its all about the joy of doing something extraordinarily well.Money is a measure of how well the person is doing the job.Also it is about control and getting one’s way and changing the world according to one’s world view.Its surprising how many billionaires are driven to accumulate money out of fear of being poor,helpless etc.
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