In the time of Carnegie, J.P. Morgan, Jay Gould and the rest, there was only one woman who could keep up with them, Hetty Green, the daughter of a rich New Bedford whaler. At the time of her death, her estate was valued between 100 and 200 million dollars, (2-4 billion today).
Things to note:
1. It is nice to be born into an already rich family.
2. Timing is everything. Her father soled his whaling business when oil was found in Pennsylvania.
3. Compound interest is king.
4. You can be a miser billionaire.
5. Cash is king, specially when the markets are falling.
Things to note:
1. It is nice to be born into an already rich family.
2. Timing is everything. Her father soled his whaling business when oil was found in Pennsylvania.
3. Compound interest is king.
4. You can be a miser billionaire.
5. Cash is king, specially when the markets are falling.