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It's not very hard to double, triple, quadruple, etc. $75 million dollars, even if you have only rudimentary knowledge of how money works.
As the saying goes, it takes money to make money.
So you are saying you can do just as well as she did? She didn't even quadruple her money, she made enough money to make her inheritance seem like chump change. She inherited 0.00257% of her current wealth. Using your knowledge, if you inherited only $1,500 you could turn that into $582,000. Sureeeeee
Quote:
Originally Posted by le roi
It doesn't look to me like she's actually done anything to accumulate that wealth. To me she looks like an extreme example of luck.
Perhaps I just can't appreciate the hard work involved in inheriting gold and iron mines.
She doesn't own only mines. In my other post I mentioned that she purchased multiple media companies which have become hugely successful as well. She is a smart businesswoman, as out of touch as she may be with reality.
So you are saying you can do just as well as she did? She didn't even quadruple her money, she made enough money to make her inheritance seem like chump change. She inherited 0.00257% of her current wealth. Using your knowledge, if you inherited only $1,500 you could turn that into $582,000. Sureeeeee
So you don't know how money and finance works either then.
Lets use a savings bond for example. $75 Million at 1% interest over 20 year is an additional $15 Million dollars. Keep in mind I could also invest that money in all sorts of high-reward stocks and open my open high-margin business(es).
She also inherited a very successful mining business.
The more money you have, the more you can accumulate (common sense).
Location: where people are either too stupid to leave or too stuck to move
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Quote:
Originally Posted by ChiGuy2.5
So you are saying you can do just as well as she did? She didn't even quadruple her money, she made enough money to make her inheritance seem like chump change. She inherited 0.00257% of her current wealth. Using your knowledge, if you inherited only $1,500 you could turn that into $582,000. Sureeeeee
She doesn't own only mines. In my other post I mentioned that she purchased multiple media companies which have become hugely successful as well. She is a smart businesswoman, as out of touch as she may be with reality.
actually i'm saying her dad didn't give her chump change , he gave her 75 million which even if she quad the money or not, she would still be well off.. people are acting like she scraped by while her dad was living large.. 75 million is so much different than 1,500...
So you don't know how money and finance works either then.
Lets use a savings bond for example. $75 Million at 1% interest over 20 year is an additional $15 Million dollars. Keep in mind I could also invest that money in all sorts of high-reward stocks and open my open high-margin business(es).
She also inherited a very successful mining business.
The more money you have, the more you can accumulate (common sense).
LOL. I know how money and finances work. She didn't accumulate billions and billions and billions of dollars by investing alone. Nothing in the world offers that good of returns. If you can find me something that offers 1,000,000%+ returns, please sign me up! She MADE her money, whether you want to admit it or not.
Also, you apparently haven't researched her fathers business because it was actually struggling at the time she inherited it. You could say she turned it around, or she got lucky, but she definitely didn't inherit a successful company.
Quote:
Originally Posted by L'Artiste
actually i'm saying her dad didn't give her chump change , he gave her 75 million which even if she quad the money or not, she would still be well off.. people are acting like she scraped by while her dad was living large.. 75 million is so much different than 1,500...
quad the money? I have no clue what that means. I am not saying she scraped by. I am saying she has been a successful businesswoman. When did I ever say she was roughing it?
My whole point in arguing how much she inherited is to prove to you all that she earned her own billions. She was given a VERY small portion of what she currently has.
So you don't know how money and finance works either then.
Lets use a savings bond for example. $75 Million at 1% interest over 20 year is an additional $15 Million dollars. Keep in mind I could also invest that money in all sorts of high-reward stocks and open my open high-margin business(es).
She also inherited a very successful mining business.
The more money you have, the more you can accumulate (common sense).
Please enlighten us as to what a "high-reward" stock is... Since such a thing doesn't exist, it won't be necessary. There are high risk investment vehicles including stocks. High risk can yield great returns, with opportunity of loosing the same, or all. Risk level is generally proportionate to potential returns... Or losses. There are no free rides to riches... Just envious people who would like to believe so.
As for a "high-margin" business... Go for it. You're in the perfect country to give it a try. How exactly do you plan to make it a "high margin" business when your competition is slashing prices to compete?
People do get rich through inheritance. She is certainly a good example. People don't get richer from that point on by accident, or through no effort of their own. The fact that so many lottery winners end up going broke throws a monkey wrench in your logic.
Her luck, combined with further effort and smart planning is what helped her cement her current standing.
Location: where people are either too stupid to leave or too stuck to move
3,982 posts, read 6,694,158 times
Reputation: 3689
Quote:
Originally Posted by ChiGuy2.5
LOL. I know how money and finances work. She didn't accumulate billions and billions and billions of dollars by investing alone. Nothing in the world offers that good of returns. If you can find me something that offers 1,000,000%+ returns, please sign me up! She MADE her money, whether you want to admit it or not.
Also, you apparently haven't researched her fathers business because it was actually struggling at the time she inherited it. You could say she turned it around, or she got lucky, but she definitely didn't inherit a successful company.
quad the money? I have no clue what that means. I am not saying she scraped by. I am saying she has been a successful businesswoman. When did I ever say she was roughing it?
My whole point in arguing how much she inherited is to prove to you all that she earned her own billions. She was given a VERY small portion of what she currently has.
Quadruple . Yes a small portion but 75 million is a lot of money period. Sure she could have quadrupled it or not and still been very rich . Verse someone who is given 1,500 who may not have enough opportunity to mess up or hire the best to help . I totally forgot the topic at hand arguing about this
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