Property News · June 5, 2016

Elizabeth Holmes's fall from hero to zero highlights problems of rich lists


Holmes went from Forbes’s richest self-made woman to a net worth of zero but while some super-rich feel undervalued by rich lists others are glad to be omittedFrom hero to zero – literally. That’s the journey 32-year-old Elizabeth Holmes has taken in only a year, courtesy of Forbes and its annual lists of the US’s richest citizens.Every summer the magazine offers up rankings of the rich for our perusal, sliced and diced for our voyeuristic delectation. There’s the Big List (the richest 400 Americans, in aggregate), and the wealthiest self-made Americans (winnowing out all those who inherited their loot, like Walmart’s Walton family). Then there is an array of subsidiary lists, from the richest entertainers to the most affluent women (who get their own list because there’s a gender gap among the 0.1% and the 1%, just as there is everywhere else). Continue reading…

Source : theguardian.com
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