[video] Bill Gates: Being Billionaire is Way Overrated

Do you think he has a point? Kinda hard to believe if you are struggling to paid the bills every month.

via BI

But wealth above a certain level really is just, it’s a responsibility that then you’re going to have to either a) leave it to your children, which may not be good for them or b) try and be smart about giving it away. I can understand wanting to have millions of dollars. There’s certain meaningful freedom that comes with that but once you get much beyond that, I have to tell you, it’s the same hamburger. Dicks has not raised their prices enough. But you know, being ambitious is good. You just have to pick what you enjoy doing.

 

FULL STORY HERE…

Drug Kingpin Makes The Forbes Billionaires List

via mogul monolugues

This is crazy, Mexican drug kingpin Joaquin Guzman-Loera, leader of the Sinaloa Cartel made the Forbes Billionaires list, tying at #701 with a net worth of $1Billion. Im kinda surprised that forbes would even feature a drug dealer in their distiguished publication. Check out his profile:joaquin-guzman-loera

Net Worth:$1.0 bil
Fortune:self made
Source:Drug Trafficking
Age:54
Country Of Citizenship:Mexico
Residence:Sinaloa State
Industry:Shipping
Education:NA,
Marital Status:NA,

Mexico’s most wanted man, “El Chapo”, or Shorty, heads the Sinaloa cartel, one of the biggest suppliers of Cocaine to the U.S. In 1993 was arrested in Mexico on homicide and drug charges. Escaped from federal prison in 2001, reportedly through the laundry, and quickly regained control of his drug trafficking organization, which he still controls today. In 2008 Mexican and Colombian traffickers laundered between $18 billion and $39 billion in proceeds from wholesale shipments to the U.S. Shorty, an alleged tunnels expert, is believed to have directed anywhere from a third to half of that during the past 8 years. Apparently started out working with Miguel Angel Felix Gallardo, “El Padrino”, or the Godfather, head of the most powerful drug trafficking group in Mexico at that time. U.S. government is offering a $5 million reward for his capture.

Source: Forbes.com

Magic Johnson Reveals the Magic Behind His Billionaire Drive

Shout outs to the homies over at Corporate Takeover that posted this clip of Magic Johnson describing his expansive empire.  By the looks of things, in a year or two Oprah Winfrey and Bob Johnson won’t be the only “black” Billionaires in America.  Magic is $100 milly away from a billy thanks to a diverse portfolio that includes 6 of his signature AMC Magic Johnson  theaters, 31 Burger King franchises, 12 24-Hour Fitness centers, 27 Washington Mutual Loan centers and a whopping 103 Starbucks cafes.  The $900 million man throws out some gems for those on a quest for a corporate takeover.