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Re:Of the 1%, by the 1%, for the 1% by qq66 on Sunday April 03, 2011 @06:55AM (#2402385)
The Forbes 400 is mostly entrepreneurs but the "Forbes 40,000" is mostly financiers, only a small fraction of whom create net positive value.
Re:Of the 1%, by the 1%, for the 1% by onan_barbarian on Sunday April 03, 2011 @07:58AM (#2402493)
The Forbes 400 contains a mix of entrepreneurs and inherited wealth, and tends to describe people as self-made if there is _any_ way of justifying that at all. For example, you typically might raise an eyebrow at the description of Philip Anschutz as 'self-made'... from Anschutz's wikipedia page:

"Anschutz bought out his father's drilling company in 1961" (age 22)

... as you do.

Paging down the list shows a quite interesting mix of self-made to lesser or greater extents, but a lot of Waltons and Rockerfellers... still.

More broadly, the emphasis on the ultra-rich isn't enormously illuminating either way, although it's worth noting that a lot of the 'entirely self-made' ultra-rich come from extremely comfortable upper-middle-class backgrounds, most obviously Bill Gates.

I would be suprised to hear any evidence supporting your "Forbes 40,000" line - got any, or are you just making it up?

Re:Of the 1%, by the 1%, for the 1% by pg on Sunday April 03, 2011 @02:18PM (#2403387)
I don't see any reason to assume the distribution of outcomes for financiers is flatter than that for entrepreneurs. Is there something about finance that should make that so?
Re:Of the 1%, by the 1%, for the 1% by bokonist on Sunday April 03, 2011 @09:36AM (#2402643)
Source?
Re:Of the 1%, by the 1%, for the 1% by qq66 on Sunday April 03, 2011 @09:41AM (#2402654)
No source since the "Forbes 40,000" doesn't exist but I can assure you that it's much more common to make $100m on Wall Street than in entrepreneurship. My direct manager when I interned at Lehman Brothers had probably socked away $50m himself.