In 1995, Oprah’s net worth ballooned to $340 million, allowing her to qualify for Forbes annual ranking of the 400 richest Americans. She had already been the richest woman in entertainment for several years, but the Forbes list put her in a new category, along side the big boys like Bill Gates, Steve Jobs and Stephen Spielberg. Even though she was dead last on the list, it didn’t matter; she was on the Forbes 400. One of the 400 richest people in the richest country in the history of the World. The only black and only performer to make the list that year.
You could tell she had a new confidence, and she even started dressing more business like and got a new hair style:
At one point she jokingly refered to herself as “Miss Forbes list” and at another point she clapped her hands together and said “y’all know I got a lot of money”.
Even a highly intelligent relative who had nothing but disdain for daytime talk shows and rolled his eyes whenever I mentioned Oprah, suddenly had a new found respect for her, simply because she made that list. At the time it was unimaginable that a mere daytime talk show host, let alone a black female one, could make that list. Even better, with Oprah’s hot new contract, Forbes predicted she’s become a billionaire (unheard of for blacks in those days).
Every year when the leaves changed colours I would bike to the local corner story to get the annual Forbes 400. “Is Oprah a billionaire yet?” I asked the clerk in 1996, “no $415 million”
“Is Oprah a billionaire yet?” I asked in 1997. “no $550 million”
“Is Oprah a billionaire yet?” I asked in 2002. “no $975 million”
At this point Forbes was just being stingy. Round up to a billion already, you’re killing me.
Finally in 2003, Forbes made it official. Oprah was the rarest of creatures: A black billionaire and for three straight years she was the ONLY black billionaire (especially in the United States).
However in the years since black billionaires have become more an more common. No longer the unicons they were in 2007, there are now roughly half a dozen black billionaires in America alone.
Sadly, instead of making our elite more integrated, the rise of black billionaires has meant billionaires are less elite.
In 1982 only $90 million made you one of the 400 richest Americans and roughly $2 billion made you #1, but today you need over $2.9 billion just to make the Forbes 400 and over $200 billion just to be number one.
A new generation of blacks had finally reached the promise land, only to find that the promise land has moved and they’ve been priced out.
And for the first time ever, even Oprah, whose $2.6 billion fortune has stagnated since ending her hugely successful talk show ten years ago, failed to make the cut. Luckily, this rare failure has been eclipsed by the news that Donald Trump has also has been priced out of the Forbes 400 this year. It’s the first time in a quarter century either of these two iconic names (which had become synonymous with wealth itself) have failed to make the rich list.
End of an era indeed.
The Philosopher said:
“There are a number of elite occupations, such as Congressional aide and journalist, that aren’t particularly well paid. White people who already have those jobs seems to be seizing on the argument that their pay should be raised in order to persuade the most talented blacks to take those jobs rather than go to work at, say, Goldman Sachs.”
Steve sailer the other day lol.
In my case Forbes overestimated my wealth back when I was on the list. They assumed that for the past 20 years I made a few hundred K a night after taxes fucking 200 guys a year which is more or less true, but they greatly underestimated the cost of living in Manhattan and wrongly assumed most of my fortune was invested. I’m only worth about half of the $2 billion they thought.
Again, that level of error is extremely low. In normalized Z scores the difference between $2 billion and $1 billion is like
+5 vs +4.8 implying a correlation of 4.8/5 = 0.96. Of course I’m sure there are other people where the gap was much more acute.
Send money pl0x
I guess it’s impressive that they found me at all since I’m not on the public radar. Every year I see the guy from Forbes going through my garbage looking for financial data. He’s cute though so I don’t call the cops.
Got to admire their determination
I love you Marsha 😘❤️😘
The Philosopher said:
I’ve been interviewing for a bunch of management consulting jobs and as far as I can tell I would actually basically be a a glorified IT consultant.
autism is a neurological condition that tightens or laxes different brain areas. it is not a lack of theory of mind but a twisting of brain functionality that makes the theory of mind as distorted as functionality allows. My brother has one leg shorter than the other and asymmetry in body parts is a sign of autism. I click my jaw and crimp/twist my hand and body because of the weird sensations I feel all the time. Neurons are more sensitive in autism so development is asymmetrical.
sometimes I am comatose because I can’t direct energy inside me.
for schizos, they connect dots that should not be connected. autists fail to connect dots.
I wonder of the distribution of brain size among those with IQs above ~145 is bimodal. Bimodal distributions arise, basically, when the sample is composed of two separate groups, which in this case would be those whose high IQs are mainly because of their huge brains, and the others.
Another example is that a bimodal distribution on school exam scores scores tells you that a large proportion of students probably cheated, since you have the cheater group and the honest group.
It wouldn’t be
Because brain size and IQ are both continuous variables.
I guess that makes sense
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