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. The stories of these super-rich men and women reflect the social and economic history of the last twenty years.
Roy C. Smith 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 financiers 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 American colonies, however, began their existence as an independent nation in 1781 with no money, no industry, no banks, and deep in debt. The Founding Fathers-particularly Alexander Hamilton, James Madison, and Benjamin Franklin-turned to the ideas of Adam Smith to create and jump-start an economic system for America with both immediate and long-sustained results.
This little-known but vital part of U.S. history is now revealed in Roy C. Smith's highly readable new book.