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ARTS FIRST Band Fest Holyoke Center, Forbes Plaza
While private equity plodded along, Silverman built HFS into one of the stars of the 1990s stock-market boom. The company expanded into real estate, then rental cars (Avis). Its share price rose almost 2,000% in four years, and Silverman's net worth rocketed toward $1 billion. He was...
All of this parallels a development in the larger economy. For most people, the point of money is that you can buy things with it. But at the top, where people already can buy whatever they want, the purpose of money is keeping score: making sure that you don't...
As a result, Slim, still relatively unknown outside Mexico, seems destined in the coming year to be more than a rising name on the pages of Forbes. He's likely to become a poster boy of sorts in the ongoing cacophony over hemispheric issues like illegal immigration. One of the...
All of which explains why few Mexicans were doing hat dances this week when Forbes announced that Slim, 67, had suddenly passed U.S. investment wizard Warren Buffett ($52 billion) as the world's second-richest person - and may well topple Gates as Numero Uno by the time next year's...