The Forbes 400: The 1982 List, 44 Years Later
The first Forbes 400, in 1982, had 436 entries. Thirteen of those people are still on the list. Which fortunes survived through heirs, which fell off, and which are simply gone.
The first Forbes 400, in 1982, had 436 entries. Thirteen of those people are still on the list. Which fortunes survived through heirs, which fell off, and which are simply gone.
Mumbai has around 51,000 dollar millionaires, no inheritance tax, and a legal cap of $250,000 a year on taking money out. What wealth costs on the most crowded peninsula in the world.
Old money and new money aren’t two amounts — they’re two relationships to the same money. Here’s how the styles differ, what each costs, and why most fortunes lose the race.