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Reply to: Bill Gates almost destitute
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Previously on "Bill Gates almost destitute"
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That is what a downturn/recession is: the part of the economic cycle which is characterised by profit taking by the rich.Originally posted by DimPrawn View PostInteresting that during a so called global downturn/recession the number of billionaires rose from 793 to 1,011 this year.

That's why the New Lie 'No more boom and bust' slogan was so amusing: the only way to prevent the economic cycle is to prevent anyone being rich.
Didn't anyone here, apart from AtW and myself, do any economics at school?
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Thats just the 'legal' money (although that is debateable) list, if you really want to be rich you should get into being the leader of a drug cartel.Originally posted by VectraMan View PostTime to get out of software and into phones?
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I think I have just short of £100 in my bank account. Whoo whee.
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Interesting that during a so called global downturn/recession the number of billionaires rose from 793 to 1,011 this year.
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Bill Gates almost destitute
http://news.bbc.co.uk/1/hi/business/8560731.stmMexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's list - the first time since 1994 that an American has not led the rankings.
Mr Slim's fortune rose by $18.5bn (£12.4bn) last year to $53.5bn.
That beat Microsoft founder Bill Gates ($53bn) into second place, with US investor Warren Buffett ($43bn) third.
Time to get out of software and into phones?Tags: None
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