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Topic: UM removing Yost's name from hockey arena?

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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #56 on: June 03, 2021, 10:17:14 AM »
I presume "inherited/self made" is pretty obvious, so "inherited" covers the other possibility.

350 of them, it's not that uncommon these days.  The Waltons make for 5 or 6 of them.
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FearlessF

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Re: UM removing Yost's name from hockey arena?
« Reply #57 on: June 03, 2021, 10:38:22 AM »
Quote from: OrangeAfroMan on June 02, 2021, 08:49:58 PM
Everyone here wants respect, yet this is what you got from my post?  How am I to respect it or think you're conversing in good faith?
Dude, you stated, "can be counted on fingers and toes"
and there were more than 1,000 2 years ago.
Hell, I didn't know there where that many, but I assumed I couldn't count them with 20 digits
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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #58 on: June 04, 2021, 01:07:53 PM »
The most current number for billionaries is over 2,700 globally.  Quite a few inherited it obviously, some inherited say half a bil and doubled it.  And some made it from scratch.

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OrangeAfroMan

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Re: UM removing Yost's name from hockey arena?
« Reply #59 on: June 04, 2021, 01:54:49 PM »
Okay, so I said few inherited a billion $.  
Find another chart with 3 numbers and no context to dispute that, please.
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OrangeAfroMan

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Re: UM removing Yost's name from hockey arena?
« Reply #60 on: June 04, 2021, 01:56:37 PM »
Quote from: FearlessF on June 03, 2021, 10:38:22 AM
Dude, you stated, "can be counted on fingers and toes"

You're completely whiffing on the _________ can be counted on fingers and toes.  The subject of the post:  people who inherited $1 billion+.  
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“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #61 on: June 04, 2021, 01:58:19 PM »
WealthX Billionaire Census: Majority of world's billionaires self-made (cnbc.com)
WealthX Billionaire Census: Majority of world's billionaires self-made (cnbc.com)

There are 2,604 billionaires in the world, and 55.8% of them are self-made. 
That’s according to the Billionaire Census published Thursday by market research firm Wealth-X.

Taken together, self-made billionaires have a total of nearly $5 trillion.
Another 30.9% of billionaires made at least some of their wealth themselves, according to the report, while 13.3% inherited their wealth entirely.



What is 13.3% of 2,604, Alex?

Would it be over 300?  Yup.  It's a low percentage, but a substantial absolute figure.
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FearlessF

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Re: UM removing Yost's name from hockey arena?
« Reply #62 on: June 05, 2021, 09:43:35 AM »
I ever get that lucky, I'll throw a party in Lincoln on a fall weekend for all y'all

fingers crossed
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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #63 on: June 05, 2021, 10:31:12 AM »
If we have 2,700 of them in the world, they are a rare breed (duh).   If only 13% inherited it, that is somewhat encouraging if the rest made it, even if they started with a nice pile.  I think one needs to start a company that goes public and then is very successful to get there, in general, you won't get there on salary.  Even a CEO with $50 million a year compensation won't get there unless the company gets bought at a large premium or something weird happens.

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847badgerfan

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Re: UM removing Yost's name from hockey arena?
« Reply #64 on: June 05, 2021, 12:35:00 PM »
I was pretty happy 5 years ago when I hit a million. Now I'm happier.

I could not even fathom being a billionaire. Or even getting to $10 Mil. Not happening.
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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #65 on: June 05, 2021, 01:55:18 PM »
I figured quite a while back that with $20 million, a person can do just about anything quasi-rational you might like to do.  This was when bonds were paying 5% or so, so you get a mil a year income pretax.  Aside from buying property and cars or planes or boats, believe it or not, you can live fairly well on a mil a year.
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847badgerfan

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Re: UM removing Yost's name from hockey arena?
« Reply #66 on: June 05, 2021, 04:04:10 PM »
I don't need a Mil per year to live well. $200K would be fine.
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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #67 on: June 05, 2021, 04:12:03 PM »
The wife had one "luxury item" she'd enjoy, someone to cook meals at night, even if 3 times a week.  Some of the top chefs in Paris were doing this when their places were closed, it was not THAT expensive.

She has a maid service every two weeks.  I think that is reasonable, I think she pays $130 each time.  They do a good job.

I'd like to be able to buy first class plane tickets overseas without thinking about it.  I can't justify the $5 K overage at all.  Times two.  I actually am fine with our lifestyle, if I had oodles of money I'd be working on making useful donations.
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betarhoalphadelta

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Re: UM removing Yost's name from hockey arena?
« Reply #68 on: June 05, 2021, 04:55:13 PM »
Quote from: Cincydawg on June 05, 2021, 04:12:03 PM
The wife had one "luxury item" she'd enjoy, someone to cook meals at night, even if 3 times a week.  Some of the top chefs in Paris were doing this when their places were closed, it was not THAT expensive.

She has a maid service every two weeks.  I think that is reasonable, I think she pays $130 each time.  They do a good job.

I'd like to be able to buy first class plane tickets overseas without thinking about it.  I can't justify the $5 K overage at all.  Times two.  I actually am fine with our lifestyle, if I had oodles of money I'd be working on making useful donations.
If I had the money NOW with kids in the house, especially if for whatever reason (being an entrepreneur, etc) I was still working, I'd absolutely do the private chef thing. I like cooking, but sometimes on a weeknight with kids, I just don't want to do it.

I don't think I'd do that in retirement though. I enjoy cooking quite a bit, and so does my wife. I think we'd be happy cooking for ourselves, and going out to dinner when we didn't want to cook.

Absolutely yes on the maid service. Cleaning isn't hard, but I just don't want to do it. 

And absolutely yes on the flying first class. I've only flown first class sporadically [domestically] and because I've gotten upgrades due to status when I traveled more often, but I'd do it every single time I got on an airplane if money wasn't an issue. 
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Cincydawg

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Re: UM removing Yost's name from hockey arena?
« Reply #69 on: June 05, 2021, 05:07:44 PM »
First class domestic isn't nearly like first class overseas, Delta One, full recline, your own bed ...
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