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Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), [2] and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. [3]
A record 1,210 billionaires made the 2011 list, representing a combined wealth of $4.5 trillion, up from $3.6 trillion the previous year. [39] One third of the world's billionaires, 413, came from the United States. China had the second most billionaires with 115, while Russia was third with 101.
Consequently, Rockefeller became the country's first billionaire, with a fortune worth nearly 2% of the national economy. [7] His personal wealth was estimated in 1913 at $900 million, which was almost 3% of the US gross domestic product (GDP) of $39.1 billion that year. [8]
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
The Missing Billionaires: A Guide to Better Financial Decisions is a 2023 book by James White and Victor Haghani. Haghani was a founding partner of Long-Term Capital Management . Vladimir V. Piterbarg wrote "the authors convincingly argue that the Expected Utility framework is the right one for decision making for the bulk of financial decisions."
In 1987, Gates was listed as a billionaire in Forbes magazine's first ever America's richest issue; he was the world's youngest-ever self-made billionaire, with a net worth of $1.25 billion. Since then, he has been featured on The World's Billionaires list and was ranked as the richest person in 1995, 1996, 1998–2007, and 2009, maintaining ...
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[4] He was physically large with massive shoulders, piercing eyes, and a purple nose. [73] He was known to dislike publicity and hated being photographed without his permission; as a result of his self-consciousness of his rosacea, all of his professional portraits were retouched. [ 74 ]