Wealth is the abundance of valuable resources or material possessions. The word wealth is derived from the old English weal, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy.
The concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics. Yet the meaning of wealth is context-dependent and there is no universally agreed upon definition. At the most general level, economists may define wealth as "anything of value" which captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.
Jordan Belfort (born July 9, 1962) is an American author, motivational speaker and former white collar criminal who spent 22 months in jail for offences related to stock market manipulation and running a boiler room. In the 1990s, he founded brokerage firm Stratton Oakmont which functioned as a boiler room, and developed a hard-partying lifestyle, which included a serious drug addiction (namely Quaaludes). The firm also served as inspiration for the 2000 film Boiler Room. As the owner of Stratton Oakmont, he employed over 1000 stockbrokers and was involved in stock issues totalling more than $1 billion, including an equity raising for footwear company Steve Madden Ltd.
Belfort was the final owner the 37m yacht the Nadine (renamed after his second wife) originally built for Coco Chanel which by the time it was sunk had been extended to over 50m. In June 1997, it sank off the east coast of Sardinia. The Italian Special Forces were called to rescue all aboard the vessel - no one was harmed. In his book, Belfort details how he insisted on sailing out in high winds against the advice of his Captain which eventually caused the ship to sink as result of violent waves smashing the foredeck hatch. Features of the Nadine included a helicopter, 8 jetskis and 4 or 5 tenders.
David L. Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker. His show and speeches strongly focus on discouraging the use of debt.
Ramsey's syndicated radio program The Dave Ramsey Show is promoted with a tagline that "It's about your life and your money," and it is heard on more than 500 radio stations throughout the United States and Canada, as well as in podcast format and on XM and Sirius satellite radio. He has written numerous books. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.
Ramsey's company, The Lampo Group, Inc., is headquartered in Brentwood, Tennessee, and oversees three divisions geared toward financial counseling.
Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show on CBS. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of The Dave Ramsey Show, which aired at 8 p.m. ET and repeated weekdays on the Fox Business Network until June 2010.
Warren Edward Buffett (/ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. He is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.
Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer.
Buffett was born in 1930 in Omaha, Nebraska, the second of three children and only son of U.S. Representative Howard Buffett, a fierce critic of the interventionist New Deal domestic and foreign policy, and his wife Leila (née Stahl). Buffett began his education at Rose Hill Elementary School in Omaha. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School, and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math; a future stock broker."
Melinda French Gates (born Melinda Ann French; August 15, 1964) is an American businesswoman and philanthropist. She is the wife of Bill Gates. She is the co-founder and co-chair of the Bill & Melinda Gates Foundation and a former unit manager for several Microsoft products such as Publisher, Microsoft Bob, Encarta, and Expedia.
Melinda was born in Dallas, Texas. She was the second of four children born to Raymond Joseph French, Jr., an engineer, and Elaine Agnes Amerland, a homemaker. She has an older sister and two younger brothers. Gates, a Roman Catholic, attended St. Monica Catholic School, where she was the top student in her class year. She graduated as valedictorian from Ursuline Academy of Dallas in 1982. Gates earned a bachelor's degree in computer science and economics from Duke University in 1986 and an MBA from Duke's Fuqua School of Business in 1987.
Shortly thereafter, she joined Microsoft and participated in the development of many of Microsoft’s multimedia products including Publisher, Microsoft Bob, Encarta, and Expedia.
Cool night gave my truth for a lie
Will you be here when I try
I'm not set cannot do it yet
Will you be here when I try
Our wealth breeds emptiness
Another day to compress
My lips are dry you gave me drugs to try
Hold me when I die
The sky has frozen to a wall
(Mark Hollis / Tim Friese-Greene)
Create upon my flesh
Create approach upon my breath
Bring me salvation if I fear
Take my freedom
A sacred love
Create upon my breath
Create reflection on my flesh
The wealth of love
Bear me a witness to the years
Take my freedom
Let my freedom up
Take my freedom for giving me a sacred love
Create upon my flesh
Create a home within my head
Take my freedom
Let my freedom up