rich people
October 29, 2015

On Monday, Donald Trump described how his journey to wealth "has not been easy," as he started out with only hard work and "a small loan of a million dollars" from his pops. But while The Donald may be less of a self-made man than he might like voters to think, data from the Forbes 400 — a tally of America's wealthiest people — reveals that most of Trump's fellow rich people did pull themselves up by their own bootstraps.

Using a 10-point scale, Forbes ranked the rich according to whether they inherited their wealth and whether they overcame obstacles to earn it on their own. For example, someone like Oprah Winfrey, who grew up in an extremely poor and abusive context, gets a score of 10 for being thoroughly self-made. (Trump, for the record, scored a five, which lands him in the inheritance category.)

On a broader scale, the ranking found that 69 percent of the super-rich scored six or higher, meaning they did not inherit their wealth. And the list is trending toward meritocracy: In 1984, fewer than 50 percent of the Forbes 400 were self-made. The rich in America are also significantly more likely to have worked for their cash than rich people worldwide, where 52 percent of the wealthy are old money. Bonnie Kristian

July 1, 2015

Here's someone whose heart is in the right place: The nephew of Saudi Arabia's late King Abdulluh, Prince Alwaleed bin Talal, has announced plans to spend the entirety of his $23 billion fortune on charitable projects in the coming years, Agence France-Presse reports. Alwaleed cited the Bill & Melinda Gates Foundation and other U.S. philanthropic organizations as his model.

Alwaleed's billions "will help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief, and create a more tolerant and accepting world," the prince said in a statement. And even if the cash outlasts him, Alwaleed says the money will continue toward humanitarian projects after his death. Jeva Lange

January 19, 2015

Anti-poverty organization Oxfam has projected that the richest 1 percent of citizens will control more than half of the world's wealth by 2016. 

The projections come as part of a new study on global inequality, designed to highlight the widening gulf between the world's poorest citiziens and richest citizens. According to Oxfam, the 80 wealthiest people in the world control $1.9 trillion — almost the same amount controlled by the 3.5 billion people on the bottom of the world income scale.

The study also provides several suggestions for decreasing income inequality, including universal free public services by 2020. Scott Meslow

August 19, 2014


On Monday, the same day that she joined the Ice Bucket Challenge and looked stunning while doing so, Forbes revealed Bundchen was the world’s highest-paid model of 2013-2014 — earning a whopping $47 million before taxes.

According to Forbes, Tom Brady, Bundchen’s Patriot-anchoring, football-playing husband, made $31.3 million. That’s right, Bundchen out-earned her man by about $16 million. []

At this rate, Bundchen will soon be able to "f--king throw the ball and catch the ball at the same time," another area in which Brady has come up short. Ryu Spaeth

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