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Word: ultrarich (lookup in dictionary) (lookup stats)
Dates: during 1980-1980
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Usage:

...Monday move was intended to cool speculation, as well as prevent what market analysts suspect might be an attempt by a small number of ultrarich investors, operating anonymously through foreign banks, to "corner" the world market for silver. One much mentioned speculator in this context is Dallas Megamillionaire Nelson Bunker Hunt, though he insists that he has no such intention. The corner would occur if the investors could buy so many silver future delivery contracts that they would wind up with enough of the metal this March to manipulate world prices...

Author: /time Magazine | Title: Business: More Mess for Metals | 2/4/1980 | See Source »

...small group of ultrarich investors could pull a squeeze. They would simply buy up so many outstanding futures contracts that there would not be enough metal available to meet demand if the contract holders insisted upon delivery of real silver, rather than being willing to turn their paper profits into cash, when their contracts expired. That would push prices into outer space on the spot market, as unfortunate speculators who had contracted to deliver silver scrambled to buy the limited supply to meet their legal commitments...

Author: /time Magazine | Title: Business: Gold and Silver Go Bonkers | 1/14/1980 | See Source »

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