Wealth Creators

Roy C. Smith, Author Truman Talley Books $27.5 (384p) ISBN 978-0-312-27259-3
Rather than focusing on the personalities of the rich or how they spend their fortunes, Smith zeroes in on how they made their money to begin with. In 75 thumbnail sketches of some well-known billionaires (and a few anonymous millionaires), he explains how they leveraged their capital, brand names or business innovations to create bulging bank accounts. Eschewing biographical details and psychological insights, Smith concentrates on financial mechanics. For example, readers don't just learn that Citigroup CEO Sanford Weill made most of his money from stock options, they are treated to a detailed discussion of the stock option-reload plan in his contract. The entry on Michael Jordan ignores his achievements on the basketball court and emphasizes a statistical argument that shows why his endorsement value has been so high. Subjects, including Michael Bloomberg, Oprah Winfrey, Ron Perelman and Tiger Woods are divided into five categories: entrepreneurs, deal makers, investors, tycoons and entertainers, prefaced by explanations about the economics of each field. Interlaced with the case studies is Smith's fact-filled argument that social forces of the late 1970s opened up the possibility of creating enormous wealth, and that the subjects of this book are just extreme examples within the broader trend. However, this larger argument isn't bold enough, nor are his profiles engrossing enough, to satisfy those hoping to learn secret paths to instant wealth or to discover titillating gossip about superrich celebrities. (Feb.)
Reviewed on: 02/01/2001
Release date: 02/01/2001
Show other formats
FORMATS
Ebook - 384 pages - 978-1-4299-8089-0
X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Email Address

Password

Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.