Sunday, September 23, 2007

$1 Billion * 1 vs. $1 * 1 Billion

Economist, author, and anti-poverty activist Jeffrey Sachs wrote an article in Forbes that puts wealth in perspective: whereas the people who landed on the Forbes 400 list of richest Americans this year each are worth over $1 billion, the poorest 1+ billion people in the world live on less than $1 per day. Sachs calls on the world's rich to follow the examples of Andrew Carnegie, John Rockefeller, Bill Gates, and Warren Buffett in using their riches to make the world a better place.

In a separate Forbes article written by David Wheelan, the author notes six individuals who would still be billionaires today were it not for the fact that they've given away hundreds of millions of dollars. Those six people are American Century's James Stowers Jr, Domino's Pizza founder Thomas Monaghan, Levi Strauss heir Richard Goldman, and three people associated with Golden West bank -- Herbert Sandler, Marion Sandler, and Bernard Osher. These six individuals form a more exclusive list than the Forbes 400 list, which is something for the 400 to consider...

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