Billionaires are certainly signs that the economic laws of supply and demand are not operating properly. Also that power abuses and criminal activities are rewarding those who do not earn their wealth. It will take some very strong minded democratically elected representatives to attempt to redress these major imbalances. The privileged are being rewarded whilst the rest of us are cost controlled: a recipe for disaster?
First proven dollar billionaire
That individual is none other than automotive pioneer Henry Ford. Long dubbed 'American's second billionaire', the man who brought the world its first mass-produced car attained a net worth surpassing the billion-dollar mark in 1925. Interestingly, Ford's wealth was estimated by Forbes in 1918 at just $100 million.
Daniel Coughlin
13 November 2019
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06 December 2019