buzzard
First Post
DonTadow said:But, you have to think that this money came before sports stars, movie stars, lotteries, tech stocks, and walmart.![]()
Well you got most of those right, but the movie stars were making big bucks even back then. I remember watching one of those "Making Of" things that they stick in DVDs about a John Wayne flick, and the segment talked about how many millions he made for the movie. I suspect there were a lot of filthy rich Hollywood stars even in the 60s.
An amusing one was was Ray Kroc. I remember watcing a History channel show about him. He was the owner of McDonalds. He bought the rights to it from one guy who had built the original stand, and came up with the franchise and standard food model. The funny thing about it was that he never actually got rich when he was the sole owner of McDonalds. Only when he took the company public and sold shares did he become a rich man. Carnegie was rather simmilar. He built up U.S. Steel himself, and of course wasn't poor while he owned it, but he only became fabulously wealthly when he sold it off (to interests controlled by J.P Morgan- a man of commanding financial power, but who was not incredibly rich himself).
buzzard