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    Wealth Secrets of the One Percent: A Modern Manual to Getting Marvelously, Obscenely Rich
    Unavailable
    Wealth Secrets of the One Percent: A Modern Manual to Getting Marvelously, Obscenely Rich
    Unavailable
    Wealth Secrets of the One Percent: A Modern Manual to Getting Marvelously, Obscenely Rich
    Ebook498 pages10 hours

    Wealth Secrets of the One Percent: A Modern Manual to Getting Marvelously, Obscenely Rich

    By Maza Sem

    5/5

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    Currently unavailable

    Currently unavailable

    About this ebook

    Discover how the superwealthy made it to the top (and you can too!)

    From the richest Romans to the robber barons to today's bankers and tech billionaires, Sam Wilkin offers Freakonomics-esque insights into what it really takes to make a fortune. These stories of larger-than-life characters, strategies, and sacrifices reveal how the wealthiest did it, usually by a passion for finding loopholes, working around bureaucratic systems, and creating obstacles to competitors.
    WEALTH SECRETS OF THE ONE PERCENT gets at the heart of our feelings about the 1% of top income earners and the roughly 0.0001% who achieve billionaire status: we love to hate them, but we'd love to be them. Wilkin's insight into the sources of wealth is thought-provoking and rigorous, and he reveals that behind almost every great fortune is a "wealth secret"—a moneymaking technique designed to defeat the forces of market competition.

    LET US ASSUME, dear reader, that you are interested in one thing and one thing only: obtaining a vast
    fortune. I do not mean a comfortable fortune that might afford a few homes in prime locations, an elite
    school for your children, a supercar, a modest entourage, a live-in nanny. I mean a fortune of yachts
    and personal helicopters, of diamond-encrusted light fixtures, of stately homes and private islands, of
    your name emblazoned upon landmark buildings and a charitable foundation bravely tackling world
    issues—a fortune equivalent to the economic output of a small country; a fortune that ensures your
    name echoes in eternity. Not a fortune numbered in the millions or even the hundreds of millions, but a
    fortune in the billions.


    If such a vast fortune were your goal, how might you set about obtaining it?
    That is the question this book seeks to answer, not with abstract theory, or implausible schemes
    you can carry out from home, or indeed metaphors about rats and cheese (well, maybe one or two
    metaphors about rats and cheese). I seek to answer this question by researching the relatively small
    number of people throughout history who have become staggeringly wealthy and the methods that they
    have used to do so. One surprising conclusion I come to is that, despite superficial differences, these
    methods have a great deal in common.


    The instinctive advice most people would give on how to become rich is not wrong—"start a
    business" would no doubt be most popular, perhaps followed by "go into investment banking"—but it
    is only partially right. An uncountable number of businesses are started every year in countries
    worldwide, and although many fail, there are still a great many that are successful and grow rapidly.
    Yet very few of the proprietors of even the most successful businesses become billionaires. And
    although there are many well-to-do investment bankers, perhaps surprisingly, few are able to join the
    superyacht class. Indeed, of the more than 1,600 billionaires in the world today, fewer than 50—that
    is to say, less than 5 percent—are bankers. In fact fewer than ten of the world's billionaires—less
    than 1 percent—are bankers from the global financial centers of London or Wall Street. The majority
    of these rich bankers are, significantly, from the emerging world. One example is Roberto Gonzalez
    Barrera, a Mexican worth $1.9 billion, who came 683rd on the Global Rich List in 2012, and for
    whom Forbes listed as the source of his fortune "banking, tortillas."
    So, if not good career choices or business success, what is it that sets the superrich apart from the
    merely very, very well-off?

    LanguageEnglish
    PublisherMaza Sem
    Release dateMay 7, 2018
    ISBN9780316378925
    Unavailable
    Wealth Secrets of the One Percent: A Modern Manual to Getting Marvelously, Obscenely Rich

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