At the beginning of 2000, there were nearly three hundred billionaires and five million millionaires living in the United States. Total household wealth had reached $37 trillion, up from just over $8 trillion when Ronald Reagan became president.
This enormous increase in wealth is the result of significantly changed government policies, the effects of new technology, and increased competition and globalization around the world. All these changes have opened the door to a wide range of enterprising people who created great fortunes for themselves, their investors, and the country-all in two short decades, the '80s and the 90's.
In The Wealth Creators, Roy C. Smith describes how it all happened. From his twenty years as a top investment banker at Goldman Sachs and an additional twelve years as Professor of Finance and Entrepreneurship at New York University, he explains how the really big money was made. He takes the reader into five core areas of opportunity today as well as the career turning points of key individuals in each:
- Entrepreneurs like Mike Bloomberg, Sam Walton, and Ted Turner,
- Dealmakers such as Kirk Kerkorian, Ron Perelman, and Larry Tisch,
- Investors like Warren Buffett and speculators like George Soros,
- Corporate executives such as Jack Welch, Sandy Weill, and Michael Eisner,
- And entertainers like Oprah Winfrey, Steven Spielberg, and Tiger Woods.
The stories of these men and women, and others like them, reflect the social and economic history of the last twenty years. Smith's timely book offers an insider's view of notable men, women, and events, aimed at today's strong interest in wealth and money and how one is created and the other is made.
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