Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

melm00se

(5,161 posts)
15. that is a good question
Thu Jan 14, 2016, 01:25 PM
Jan 2016
http://www.fa-mag.com/news/most-millionaires-self-made--study-says-14565.html

Most Americans with $1 million or more in assets made their money on their own, according to a study by BMO Private Bank released today.


http://www.forbes.com/sites/afontevecchia/2014/10/03/there-are-more-self-made-billionaires-in-the-forbes-400-than-ever-before/#2715e4857a0b6b3a07c5e0a5

Over the past 30 years, the origin of the wealth of the richest people in the United States has shifted away from old, inherited money. Our new metric, the self-made scores developed for the Forbes 400, shows that increasingly we find self-made billionaires among the ranks of the richest people in the country.


Recommendations

0 members have recommended this reply (displayed in chronological order):

He'd have had a much different life, and might very well have... stone space Jan 2016 #1
Yup ShrimpPoboy Jan 2016 #26
He might be rich but it would have taken longer and probably would not be as rich yeoman6987 Jan 2016 #2
Some are rich, but what % end up that way? Donald made his fortune in real estate B Calm Jan 2016 #6
that is a good question melm00se Jan 2016 #15
Again, what percentage of people who were born poor end up rich? B Calm Jan 2016 #17
the information necessary to provide at least one melm00se Jan 2016 #22
Doesn't answer my question. B Calm Jan 2016 #25
It is not possible to make a million on your own. KentuckyWoman Jan 2016 #19
Earning/buying/investing $1 million in assets is very different than $300 million MillennialDem Jan 2016 #23
How ever it is by far the least common path to riches.... daleanime Jan 2016 #7
see post #15 melm00se Jan 2016 #16
Gee, who funded the study? daleanime Jan 2016 #18
why not google melm00se Jan 2016 #29
Why would I be interested in the statistics.... daleanime Jan 2016 #39
It's a bad argument, because most "millionaires" have $1,000,000 - $1,999,999 in assets. That's MillennialDem Jan 2016 #30
Can you name some, say 1000. Kingofalldems Jan 2016 #11
I'd say he probably madokie Jan 2016 #3
He'd probably still be an ass. hobbit709 Jan 2016 #4
And owe thousands in child support. TIME TO PANIC Jan 2016 #40
He would currently be an armed seditionist at the Malheur Refuge . . . fleur-de-lisa Jan 2016 #5
+1! 2naSalit Jan 2016 #36
He would be richer today if he had put all of daddy's money into a stock fund. yellowcanine Jan 2016 #8
No, his father gave him the money. onecaliberal Jan 2016 #9
An ass kicking would be a regular occurrence for him. lpbk2713 Jan 2016 #10
He has a high IQ, so he would probably do well in life. But without the help at the start from patricia92243 Jan 2016 #12
He says he has a high IQ maveric Jan 2016 #45
D-Rump really Mendocino Jan 2016 #13
He describes this loan as "paying his dues" because he had to pay his dad back... annabanana Jan 2016 #47
Like Willard and Queen Anne, Mendocino Jan 2016 #56
He'd be an impoverished racist, jackass, fuckwad? 11 Bravo Jan 2016 #14
He would have had to learn things, to work, and to respect others. He'd have been different. Orsino Jan 2016 #20
His lack of conscious is the issue not his wealth. KentuckyWoman Jan 2016 #21
no he'd be a "loser" (his word) Takket Jan 2016 #24
HUGE LOSER! B Calm Jan 2016 #55
He'd be a used car salesman. TIME TO PANIC Jan 2016 #27
Yeah, I could see that. Or some low level real estate developer/landlord one step ahead of the law. bklyncowgirl Jan 2016 #31
He'd definitely be doing something shady. TIME TO PANIC Jan 2016 #35
I've known plenty of New York City landlords who fit his profile quite nicely. bklyncowgirl Jan 2016 #44
Relevant user name MillennialDem Jan 2016 #34
It's better to keep a cool head, TIME TO PANIC Jan 2016 #38
I was going to say that he would be working at the third best tire repair shop in town. Squinch Jan 2016 #51
He would have a hard time keeping a job at McDonalds. redstatebluegirl Jan 2016 #28
To paraphrase: A million bucks ain't what it used to be. bulloney Jan 2016 #32
Right, a better definition of what people imagine as a millionaire (like Thurston Howle or MillennialDem Jan 2016 #33
I think he'd probably 2naSalit Jan 2016 #37
He would've been beaten to death sometime in his 30's. DisgustipatedinCA Jan 2016 #41
He would be a truck driver that listens to Limbaugh everyday. Sam_Fields Jan 2016 #42
It takes skills to drive an 18 wheeler. I really doubt he's ever droven a stick shift B Calm Jan 2016 #50
I bet he would still be on tv ohnoyoudidnt Jan 2016 #43
Someone, somewhere MIGHT have told him "no"... annabanana Jan 2016 #46
He'd be some jerk low level government bureaucrat. tabasco Jan 2016 #48
Say what you want about Donald Trump Calista241 Jan 2016 #49
He would probably be less of a dick. louis-t Jan 2016 #52
He'd be a neighborhood grifter with a long rap sheet Warpy Jan 2016 #53
He would probably be the Car Wash Mogul of Passaic jmowreader Jan 2016 #54
Without his daddy's money, trump would be nothing Gothmog Jan 2016 #57
Latest Discussions»General Discussion»What if Donald Trump was ...»Reply #15