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Go Back  Sherdog Mixed Martial Arts Forums > General Discussion > The War Room > Rich and Ruthless: interview with billionaire on the "ugly" side of the filthy rich

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Old 06-23-2008, 01:25 PM   #1 (permalink)

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Rich and Ruthless: interview with billionaire on the "ugly" side of the filthy rich

WBUR & NPR's On Point : Rich and Ruthless INTERVIEW


Funny interesting and a different "side" of the view of the ultra rich, as many people have praised so many recent billionaires giving away their monies through charitable organizations.

This turned very interesting as Felix sparred verbally with a Harvard Business School professor and former editor of the Havard Review (if I remember correctly).

Paraphrased sections:

"To be rich (hundreds of millions, not just a couple) you must sacrifice: friends, family, soul. Companies of immense wealth and little taint are the exception not the rule.

It is cutthroat, and ruthless. To get to the top, you share your business with yourself, not with others (equity / ownership)."

Brings up interesting points of: sure Warren Buffet has given away all of his money, but this is not difficult to do. When your dead, you don't need money.

Who owns Warren Buffets company? Is it all of the employees of the various investment positions? Its the top-top executives.

Felix is spot on with Google as a somewhat poor example of very very rich business people "taking along" the others, making them just as wealthy as well as acting ethically.
paraphrase "When push came to shove, we all know what Google did when China applied pressure"


Interesting, and his evil laugh sounds like something out of a movie...lol
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Last edited by redjako : 06-24-2008 at 02:41 PM. Reason: bump
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Old 06-24-2008, 02:42 PM   #2 (permalink)

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Bump.


Teamwork = for losers, wow and lol.
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Old 06-24-2008, 03:11 PM   #3 (permalink)
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Google really dropped the ball caving into China on the fact they filter content that is not welcome to the Chinese government. I love their answer that it is ok because people will soon figure out that their internet is being filtered. Somehow thats going to make it all right because the Chinese government will be forced to change yea right!


Felix Dennis £750 million nice number about a 1.5 billion US dollars. Boy is this guy negative yet I bet he has a hot woman at each estate.
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Old 06-24-2008, 03:12 PM   #4 (permalink)
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Reasons for being rich! The Paul Allen Collection






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Old 06-24-2008, 03:26 PM   #5 (permalink)
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Goldman Saks is this woman on crack! Goldman employees massive blood suckers they would sell their family into slavery if they could close a billion dollar deal.
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Old 06-24-2008, 03:31 PM   #6 (permalink)

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not that interesting really. Just one man's opinion. What is interesting is how NPR took the time out to interview him so they could promote their liberal agenda, even though this is really just an anectodotal account.
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Old 06-24-2008, 03:37 PM   #7 (permalink)
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Bill Gates and Warren Buffet donate BILLIONS.
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Old 06-24-2008, 03:47 PM   #8 (permalink)

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Quote:
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not that interesting really. Just one man's opinion. What is interesting is how NPR took the time out to interview him so they could promote their liberal agenda, even though this is really just an anectodotal account.
LOL.

Dude it's an interview filled with opinion.

OF COURSE It's going to be anecdotal and to be taken with a grain of salt.

None too bright are we?
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Old 06-24-2008, 03:49 PM   #9 (permalink)

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LOL.

Dude it's an interview filled with opinion.

OF COURSE It's going to be anecdotal and to be taken with a grain of salt.

None too bright are we?
I was addressing the first sentence of the TS which stated that this is interesting; it's not.

I guess your a little dim too if you couldn't follow
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Old 06-24-2008, 03:51 PM   #10 (permalink)

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Bill Gates and Warren Buffet donate BILLIONS.
10. Zhengrong Shi

Net worth: $2.2 billion

Shi, "The Sun King," studied under leading solar energy researcher Martin Green as a PhD student in Australia. Moved back home to China in 2001 and founded Suntech Power, which makes photovoltaic cells for use in solar panels. Only 44 years old, Shi has seen his net worth soar thanks to growing global demand for photovoltaic cells, particularly as governments from Germany to Japan begin to embrace clean energy.
9. Jeff Skoll

Net worth: $4.2 billion

EBay's first president now spends his time on creative and philanthropic endeavors. His film company, Participant Productions, has bankrolled such socially conscious movies as Syriana and Fast Food Nation. Most recently he made headlines as executive producer of Al Gore's Oscar-winning global warming documentary, An Inconvenient Truth.
8. John Doerr

Net worth: $1 billion

The California venture capitalist whose seed capital helped launch Internet giants Amazon and Google is now a tireless advocate of green technology. Doerr's firm Kleiner Perkins Caufield & Byers has been investing in renewable energy companies through his "Greentech" venture since 1999. In the last two years the firm has allocated $200 million-plus to more than a dozen green companies, including Bloom Energy, a manufacturer of regenerative fuel cells.
7. Rubens Ometto Silveira Mello

Net worth: $2 billion

Mello, our first ethanol tycoon, controls Cosan, the world's second-largest producer of the much-hyped renewable fuel. Cosan's history dates back to 1936 when the Brazilian billionaire's family established a sugarcane mill in Piracicaba, outside of Sao Paulo.
6. Tulsi Tanti

Net worth: $2.4 billion

As chairman of Suzlon Energy, Tanti heads up the world's most valuable ($8 billion market value) fully integrated wind-energy company, which supplies 2,000 MegaWatts of wind turbine capacity around the globe. Tanti first became interested in wind-power while looking for ways to lower the skyrocketing utility bills of his original business, a budding textile mill.
5. Ted Turner

Net worth: $2 billion

With his family, Turner, who is America's largest individual landowner, launched the Turner Endangered Species Fund to promote biodiversity, conservation and help protect threatened plant and animal species. Turner was also the creative force behind TBS' popular educational children's series Captain Planet. In January, Turner launched DT Solar, which aims to develop utility-scale solar power plants. His daughter and her husband reportedly built the first 5,000-square-foot home to be certified by the U.S. Green Building Council.
4. Paul Allen

Net worth: $18 billion

The real estate branch of Microsoft co-founder Allen's investment company, Vulcan, is undertaking one of the biggest urban makeovers in the U.S., constructing over 100 million square feet of "green" housing made from environmentally sensitive materials in his beloved hometown of Seattle. Allen has also invested significant cash in Seattle's Imperium Renewables, a young biodiesel company that produces fuel from vegetable oil.
3. Richard Branson

Net worth: $3.8 billion

The flamboyant British entrepreneur is going green. In 2006, Branson launched Virgin Fuels, an investment vehicle focused on renewable energy. Branson has already invested $33 million to bioethanol plants in Tennessee and California, and plans to commit $300 million to similar projects over the next three years, with the long-term goal of building a major competitor to oil companies. In September, he announced plans to invest a percentage of his transportation business profits into renewable energy, worth perhaps $3 billion over 10 years.
2. Sergey Brin and Larry Page

Net worth: $16.6 billion, $16.6 billion

Google's young tech moguls have created one of the world's most eco-friendly cultures--its corporate office is solar-powered and all the furniture in one of its buildings is made from recycled material. Meanwhile, Google.org, the company's for-profit charitable arm, is pumping millions into the development of a hybrid car that can go 100 miles on one gallon of fuel.
1. Bill Gates

Net worth: $56 billion

Gates is perhaps best known for his foundation's work in Africa and on global health initiatives, but he is no slouch when it comes to the environment. His private equity firm Cascade Investment recently invested $84 million in Pacific Ethanol, which makes clean-burning fuel from corn. At Microsoft's Seattle headquarters, all 35,000 employees receive free mass transit passes for eco-friendly commuting; the office itself is certified by the U.S. Green Building Council, meaning the building is energy efficient and uses at least 10% less energy than similar sized buildings.
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