Word: wealth
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Dates: during 1980-1989
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There are many ways to attain great wealth. It can be done legally or illegally, through personal effort or inheritance or marriage. Luck can play a role; so can skill, brains, ambition and opportunity. But big money, the kind of money that buys expansive estates and ocean-going yachts, California vineyards and professional sports teams, is usually reserved for a select...
...wealth of the new market multimillionaires is the public's seemingly insatiable appetite for shares in companies selling their stock for the first time. Preceded by a blizzard of legal papers, corporate puffery and prospectuses, new companies are rushing to capitalize on the buoyant market. Last year nearly 900 companies made initial offerings of stock, raising $12.8 bilion. That is almost nine times more capital than was raised by new firms in 1982 and even more than the amount for all the years since 1971 put together. Mutual funds and pension funds, big institutional buyers and individual shareholders have...
...though, revel in their new prominence. Apple Computer Co-Founder Steven Jobs, who is now worth about $185 million, has toyed with the idea of going into politics and was seen escorting Actress Diane Keaton to a Manhattan disco. When Altos Computer Systems Founder David Jackson began counting his wealth in nine figures, he turned up at the Kentucky Derby with then Governor John Y. Brown and was a guest at a San Francisco reception for Queen Elizabeth...
Occasionally the byproducts of sudden wealth are tragic. The public sale of Eagle Computer stock in June made President...
...form the core of all modern computers, winner of the 1979 National Medal of Science and a co-founder of two pioneering and profitable California electronics companies, Fairchild Semiconductor and Intel. Noyce, 55, also plays a less publicized role as a venture capitalist. With his success has come enormous wealth. His 1.5 million shares in Intel, where he now serves as vice chairman, are worth $60 million. Along with Arthur Rock, his friend of 30 years, Noyce in 1977 helped bankroll Diasonics, the medical-instrument manufacturer. Noyce's 8% stake in Diasonics is worth $30 million. He helped finance...