9 Georgians on billionaires list

Tuesday, March 5, 2013 8:17 AM
Last updated 6:17 PM
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ATLANTA -- Nine Georgia residents were on Forbes’ annual list of billionaires released on Monday.

The Atlanta Journal-Constitution reports that Forbes said its 27th annual list counts 1,426 billionaires — up by 210 over last year, and including 442 in the U.S. The elite global group’s combined net worth is $5.4 trillion, up from $4.6 trillion a year ago.

Mexican media mogul Carlos Slim retained the top spot for the fourth straight year, with a net worth of $73 billion. Microsoft founder Bill Gates was second at $67 billion, while Amancio Ortega of Spanish retail giant Zara clocked in at $57 billion. The “Oracle of Omaha,” Berkshire Hathaway CEO Warren Buffett, was fourth at $53.5 billion.

The magazine said soaring asset values helped boost the ranks of the world’s richest people.

Georgia added two new billionaires to this year’s list. Mohawk Industries Chairman and CEO Jeffrey Lorberbaum (No. 1,250) has seen his wealth soar with growth in the Dalton-based flooring manufacturer’s stock price. Controversial religious leader Edir Macedo (No. 1,268), a Brazil citizen (listed by Forbes as an Atlanta resident) who owns the South American country’s second-largest broadcaster Rede Record and Atlanta Telemundo affiliate W67CI, also joined the list.

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Riverman1
93730
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Riverman1 03/05/13 - 08:36 am
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Nobody from Augusta

Georgia Billionaires From the Article:

No. 80: Anne Cox Chambers, a principal owner of Cox Enterprises, owner of The Atlanta Journal-Constitution, $12 billion.

No. 198: Jim Kennedy, chairman of Cox Enterprises, $6 billion.

No. 308: S. Truett Cathy, founder of Chick-fil-A, $4.2 billion.

No. 437: Bernie Marcus, Home Depot co-founder and Georgia Aquarium benefactor, $3.1 billion.

No. 736: Ted Turner, Turner Broadcasting and CNN founder, $2 billion.

No. 931: Arthur Blank, Home Depot co-founder and owner of the Atlanta Falcons, $1.6 billion.

No. 1,250: Jeffrey Lorberbaum, chairman and CEO of Mohawk Industries, $1.15 billion.

No. 1,268: Edir Macedo, religious leader and owner of Brazil broadcaster Rede Record, $1.1 billion

No. 1,342: Sara Blakely, founder of undergarment maker Spanx, $1 billion.

rebellious
21880
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rebellious 03/05/13 - 08:42 am
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They missed me

I am number 1462. BwwwwaaaaHaaaaaa

palmetto1008
9782
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palmetto1008 03/05/13 - 08:45 am
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How embarassing to be 80th on
Unpublished

How embarassing to be 80th on the list.

Riverman1
93730
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Riverman1 03/05/13 - 12:13 pm
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There use to be two people

There use to be two people from the CSRA on the list. Both of them have undergone various forms of bankruptcy. Nope, I'm not mentioning names.

seenitB4
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seenitB4 03/05/13 - 08:52 am
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Didn't see us

What no Riverman...Rebellious...Cgee...Littlelamb....countyman...RKill.....seenitB4.....what are we doing wrong...we have the smarts...the know how...the get up & go......where are we going wrong.....surely some of us can make the list one day...
Anotherday.....can you tell us???

seenitB4
97596
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seenitB4 03/05/13 - 08:53 am
4
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See

I'm thinking outside the box as you can see my words are even outside the box ..lol hahahah

Riverman1
93730
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Riverman1 03/05/13 - 09:33 am
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They say you will emulate the

They say you will emulate the crowd you hang around with when it comes to making money. So I'm blaming my lack of being a billionaire on y'all.

seenitB4
97596
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seenitB4 03/05/13 - 09:18 am
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Gathering of the MINDS

I think yall are waiting for me to move back & gather the minds together.....weeel ok then....we will have to have drinks to stimulate the brain cells....good fresh seafood too.....& more drinks...think now....we really have some smarties on here....heck they have even created their own blogs & written dang books....made waterfalls/walkways....made hearts beat again (really)....climb high mountains....I could go on BUT yall wouldn't believe it..lol hah

CobaltGeorge
175919
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CobaltGeorge 03/05/13 - 09:43 am
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B4

I could be on the list...but....I'm smart enough not to report my assets.

Remember, I live 7 feet below highest elevation in Columbia County.

seenitB4
97596
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seenitB4 03/05/13 - 09:49 am
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haah cgee

I KNOW what your assets are cg...but I'm not telling either....every woman in the CSRA would be after ya....♥

rebellious
21880
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rebellious 03/05/13 - 10:22 am
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Whoa

Get a room, you two! This is a family show!

rebellious
21880
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rebellious 03/05/13 - 10:23 am
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Seenit

How you do dat? Coloring outside the lines, that is so...........YOU!

harley_52
25892
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harley_52 03/05/13 - 10:25 am
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5
seenitB4
97596
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seenitB4 03/05/13 - 10:34 am
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black

Oprah is....

seenitB4
97596
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seenitB4 03/05/13 - 10:37 am
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Outside the box...lol

Because I am such a goood girl on here....hahah...SM allows me to go outside the box sometimes....don't even try it though....it takes a lot out of me & it hurts too....almost like giving birth...& it takes forever to get back in the box.....:):)

Sweet son
11649
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Sweet son 03/05/13 - 11:24 am
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Now that's a lot of big butts! LOL!

No. 1,342: Sara Blakely, founder of undergarment maker Spanx, $1 billion.

harley_52
25892
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harley_52 03/05/13 - 11:42 am
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3
Oprah...

Yes, Oprah. She's the one and only American billionaire and fifth overall of the six total black billionaires in the world.

http://www.forbes.com/sites/mfonobongnsehe/2012/03/07/the-black-billiona...

soitgoes
900
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soitgoes 03/05/13 - 12:29 pm
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color

the only color this list is concerned with is GREEN ($$$). Keep it that way...

harley_52
25892
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harley_52 03/05/13 - 01:06 pm
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Color

I'm thinking the dearth of black billionaires (particularly in America) must necessarily be the result of racism.

You disagree?

Riverman1
93730
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Riverman1 03/05/13 - 02:14 pm
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Harley, be good.

Harley, be good.

burninater
9941
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burninater 03/05/13 - 03:08 pm
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Our country was founded with

Our country was founded with the institution of slavery, and legalized segregation continued all the way to recent history.

It would take some powerful selection bias to think racism had nothing to do with patterns of wealth distribution in the U.S.

On the other hand, it would likewise take some powerful selection bias to think racism had everything to do with wealth distribution.

I presume that trying to make this a single-factor analysis (racism) is more about scratching a personal itch than anything else, no?

seenitB4
97596
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seenitB4 03/05/13 - 03:50 pm
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Tiger Woods

He could be a billionaire if he ever settles down with 1 woman...

seenitB4
97596
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seenitB4 03/05/13 - 03:50 pm
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Habits of money makers

The Habits of African-American Millionaires (per Dr. Dennis Kimbrow, 3.5 years of data):

All surpassed SAT scores > 1000
Collegiate G.P.A. circa 2.9 (males) 3.4 (females)
At least 3.5 hours of physical activity per week
All earned at least a 100k/annually by 30
Appraised value of home valued at 300k or less (I bet nearly every American falls in the category!)
Attends church at 2x weekly
Attends a small church comprised of 2,500 people or less.
Get up at 5:30 and go retire by 11:00 p.m.
Most, modest, unassuming, and humble
Less than $10,000k in credit card debt
69% finished or attended college
One out of 5 Black millionaires were business majors.
Own 4 cars, one of which is a Lexus or Mercedes.
10-15% to charity (males) and 10-15% to church (females)
Men buy clothing off the rack, while women love the brands, St. John, Dolce & Gabbana, Gucci
Average Black millionaire is 52 years of age
Normally created 18 businesses or money-making ideas that are not successful until 18th attempt
3.2% of Black millionaires file for bankruptcy
Suits are often not worth more that $400 retail
Car is usually 5 years old
Married for at least 20 years

harley_52
25892
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harley_52 03/05/13 - 05:32 pm
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"I presume that trying to make this a single-factor analysis....

.....(racism) is more about scratching a personal itch than anything else, no?"

Personal itch? No way.

I'm simply employing the "logic" I hear espoused by the left on just about every perceived "inequality" of result when comparing blacks to everybody else.

Do blacks in America enjoy the opportunity to achieve billionaire status? Apparently, they do. That they haven't is surely the result of racism....right? Or are there other factors involved?

harley_52
25892
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harley_52 03/05/13 - 05:54 pm
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"The Habits of African-American Millionaires...."

Oddly enough, I don't see "whining," or frequent claims of "racism" anywhere on that list. Nor do I see "equal opportunity laws" on the list.

What I see are preparation (education), learned and exhibited work skills, HARD WORK, tenacity, traditional American values focused on God and family, and humility.

I suggest those are the same characteristics that define white, yellow, or brown Americans as well.

harley_52
25892
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harley_52 03/05/13 - 05:58 pm
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Tiger Woods

He WOULD be a billionaire if he had settled down with 1 woman...

Success, or failure, is largely determined by personal choices. Tiger has made his share of bad ones.

burninater
9941
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burninater 03/05/13 - 06:13 pm
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Do blacks in America enjoy

Do blacks in America enjoy the opportunity to achieve billionaire status? Apparently, they do. That they haven't is surely the result of racism....right? Or are there other factors involved?
---------
Probably the single greatest factor is poverty. It is less likely now for an individual who doesn't start middle-class to wealthy to achieve the American dream than ever before. Here's a study that summarizes key reasons for this:

http://www.ns.umich.edu/new/releases/20726-exceptional-upward-mobility-i...

They include better neighborhoods and better schooling, but probably the biggest factor are private safety nets that allow young people to take much larger entrepreneurial risks at young ages than those living week to week.

Since blacks are more likely to be born into poverty than whites, it should be no surprise that there are proportionally fewer black billionaires. It should also be no surprise that the poverty cycle repeats generation after generation, given that poverty inhibits the ability to escape poverty. Is racism a factor? It is indisputible that it created the initial conditions of black poverty in the U.S., and it is indisputible that it worked to maintain that cycle of generational poverty to AT LEAST the modern desegregation era. Is there more opportunity for a black individual to acheive billionaire status than ever before? Yes. Are the effects of racism still affecting this opportunity? Also yes.

itsanotherday1
48335
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itsanotherday1 03/05/13 - 06:15 pm
3
1
No, no, NO! Harley

"Success, or failure, is largely determined by personal choices." People have success because they cheat or take advantage of others to get their wealth; those filthy thieving rich!

They have failure because they deck is stacked against them from birth. Someone is always out to get them, or discriminate against them, or just USE them to gain their treasure. They never had a fair shake.

burninater
9941
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burninater 03/05/13 - 06:29 pm
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3
They have failure because

They have failure because they deck is stacked against them from birth. Someone is always out to get them, or discriminate against them, or just USE them to gain their treasure. They never had a fair shake.
-----
Sure, people say that all the time, and just because somebody THINKS that's the reason for the cycle of poverty doesn't mean it is.

But just because somebody blames the wrong thing for the cycle of poverty doesn't mean that there is not a legitimate cycle of poverty that they're stuck in, and that includes factors entirely out of their control.

harley_52
25892
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harley_52 03/05/13 - 06:28 pm
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"Probably the single greatest factor is poverty."

Yes, so goes the ongoing left-wing drumbeat. And they have inculcated that notion into the minds of blacks now for three generations. Is there any proof? I haven't seen it. I don't doubt it however, because it may now be a self fulfilling prophecy. Democrat leadership needs poor, helpless, hapless, hopeless masses of citizenry to keep them in power.

It is in the best interests of democrat politicians to insure the failure of blacks because it proves their claims, stirs hatred and animosity, and keeps them in power.

It's really just about that simple.

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