New PDF release: All the Money in the World: How the Forbes 400 Make--and

By Peter W. Bernstein, Annalyn Swan

ISBN-10: 030727876X

ISBN-13: 9780307278760

From Wall road to the West Coast, from blue-collar billionaires to blue-blood fortunes, from the Google men to hedge-fund honchos, the entire cash on this planet supplies us the lowdown on this present day richest americans. Veteran reporters Peter W. Bernstein and Annalyn Swan delve into who made and misplaced the main funds long ago twenty-five years, the fields and industries that experience produced the best wealth, the most important hazard takers, the main aggressive avid gamers, the main wasteful relatives feuds, the trophy better halves, the main conspicuous shoppers, the most important artwork creditors, and the main and least beneficiant philanthropists. Incorporating unique, never-before-published facts from Forbes journal, all of the cash on the earth is a significantly unique, behind-the-scenes examine present day immense wealthy.

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Extra info for All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage)

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So in 1987, when the Santa Fe Southern Pacific Corporation put 522,000 acres of Sierra timberland up for sale, Emmerson decided to buy it. He used all ten of 35 36 his mills as collateral and borrowed $460 million from a syndicate of banks. Conventional wisdom, of course, held that Emmerson overpaid. But three years later logging on public land was curtailed to save the northern spotted owl, and land prices soared. â Every time I buy something I think I pay too much for it,â says Emmerson. â â According to Forbes, the value of Emmersonâ s land doubled; Emmerson says the increase was 25 to 30 percent.

But consider for a moment the lucky breaks in the career of Johnnie Bryan Hunt. By the time of his death at the end of 2006, Hunt could look back with a wry smile on how a series of serendipitous events culminated in his ownership of one of the largest trucking firms in the United Statesâ and a personal net worth of over $300 million. J. B. Huntâ s start in life did not auger well. Unlike H. L. B. was no charmed poker player, or wildcatter, or even a distant relative. Hunt was born in 1927 into a poor family of five brothers and one sister.

Hunt wanted to be a cotton farmer, but fate dealt him a different hand: His cotton crop was wiped out in the first flooding to hit the area in thirty-five years. And so the young man was forced to turn to a vocation he already knew well. He had proved to be an ace card player in his previous travels as a teenager, earning himself the nickname Arizona Slim. Hunt stayed afloat through those difficult years in Arkansas playing cards day and night. Hunt eventually opened a gambling hall in El Dorado, Arkansas, invested in his first oil leases, and struck oil with his first well.

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All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes (Vintage) by Peter W. Bernstein, Annalyn Swan

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