Skip to Main Content
The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
book

The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)

by Ken Fisher, Lara W. Hoffmans
November 2009
Beginner to intermediate content levelBeginner to intermediate
256 pages
10h 55m
English
Wiley
Content preview from The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
OPM
-N
ot Opium: Where Most of the Richest Are 125
versus value of revenue versus maturity. T hink like an
OPM
found
er-C
EO . If a law dictated firms could have only up to $1 bil-
lion in revenue, no more, then hands down you'd want
to
be fee-
based- the enterprise value would be so much higher. A small
success in fee-based goes a long, long way.
T his isn't to disparage insurance and brokerag
e-
which
have created lots of mega-wealth . Some see
Warren Buffett
(worth $52 billion)'! as an investor.
He
's really an insurance
CE
O.
Berkshire
Hath
away's profits come overwhelmingly from insur-
ance. Buffett's unu
sual-th
e next-wealthiest insurance
OPMer
is
Hank Greenberg, former
CEO
of AIG, net worth a big step down
at $2.8
billion .t Arthur Williams found ed and sold an insurer to
Primerica and is worth $1.8 billion."
Ernest Stempel, a H ank
Greenberg ride-along (Chapter 3), started AIG's life insurance
division (worth $1.7
billion )." Patrick Ryan ($1.4 billion) started a
firm that became A
ON,
America's largest re-insurance broker.
s
But
beyond Buff
ett
, they don 't compare to fee-based
wealth-th
e top
15 listed below.
Wealthiest
Fee-Based
OPMers
Name
Famous
for
Net
worth
Edward
Johnson
III Fidelity $10 billion
George
Soros
Slewof
hedge
fundsand tankingthe $8.8 billion
British
Pound
Charles
Johnson
Franklin Resources $6 billion
Char
les
Schwab
Eponymous
firm
$5.5 billion
James
Simons
Hedge
funds $5.5 billion
Rupert
Johnson
Franklin
Resources
$5.2 billion
Edward ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The Ten Roads to Riches, 2nd Edition

The Ten Roads to Riches, 2nd Edition

Kenneth L. Fisher, Elisabeth Dellinger, Lara W. Hoffmans

Publisher Resources

ISBN: 9780470481554Purchase book