The Washington Times
  • Subscribe
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
    • Editorials
    • Commentary
    • Columns
    • Water Cooler
    • Letters
    • Cartoons
    • Books
  • Sports
  • Culture
    • Home & Living
    • Family & Kids
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Communities
  • Rebate Shopping
    • Stores
    • Coupons
    • Daily Double
    • Promotion
    • How It Works
  • Photos
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • Politics

    Pro-life Democrats support bill

  • National

    WILLIAMS: Genuine economic stimulus

  • Politics

    Voight, tea party groups plan last-minute protest

  • Politics

    CURL: Obama the Innocent stumps for health care

  • Politics

    Key Democrat Boccieri switches to 'yes' on health vote

  • Commentary

    TURNER: Our lawbreaking Congress

  • Energy

    Obama backs plan to legalize illegals

Monday, January 29, 2007

Billionaire boom

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Click-2-Listen

More Stories

  • Thousands rally on anniversary of Iraq invasion
  • Iceland volcano erupts; hundreds evacuated
  • Ovechkin lights the lamp in return to play
  • Judge rejects settlement for 9/11 rescuers

By

If Moses, after spending 40 days and nights with the Almighty, had come down from Mount Sinai today bearing two tablets with the Ten Commandments, he would have been hard pressed to find a publisher.

The pornographic movie business rakes in yearly more than Hollywood ($12 billion vs. $10 billion). "Zoo," not a pornographic movie, according to director Robinson Devor, pushes the envelope of today's latest norms by breaking down "the last taboo on the boundary of something comprehensible." It's sex between men and animals.

"Spring Awakening" is Broadway's latest hit musical, hailed by reviewers as "tastefully erotic" and "a straight shot of eroticism." Its sex scenes range from masturbation and sadomasochism to abortion, homosexuality and abuse.

Television and mobile phones have pornified the Western world's popular culture at an alarming rate, making sex more violent. An Internet search for "sex + toy + torture" yielded results by the thousands.

Beginning in the raunchy, anything-goes 1960s, the Ten Commandments quickly became multiple choice. Coveting something that belongs to another is now de rigueur. "Filthy Lucre for Dummies" would be a good title to chronicle the repeal of the Eighth (thou shall not steal) and 10th (thou shall not covet thy neighbor's anything) commandments when communism was consigned to history's oubliette.

Robert Kiyosaki's "Retire Young, Retire Rich" is now must reading for aspirant billionaires. It took John D. Rockefeller 16 years to become a billionaire. Bill Gates did it in 10. Mike Dell in five. And Google founders Sergey Brin and Larry Page became multibillionaires in their late 20s.

The collective worth of the world's 700-odd billionaires is now bumping $3 trillion. Their numbers grow by more than 100 new big ones a year. Some 50 countries now have them, including Kazakhstan and Iceland. In China, where the rule of business law is as ephemeral in the Wild East as it once was in the Wild West (as long as you keep your nose out of politics), there are already 30 billionaires.

Some make their billions so fast, one new member came in at $5 billion, another at $9 billion, all racked up in a year. Bill Gates still leads the pack with almost $50 billion (and has pledged $30 billion alongside second-wealthiest Warren Buffett's $31 billion to the Bill and Melinda Gates Foundation to reduce poverty, disease and premature death in the developing world).

In the mine-is-bigger-than-yours mega-yacht race, Russian oil tycoon Roman Abramovich, 40, the world's 11th richest billionaire at $18.2 billion, is in the lead with a $330 million, 525-footer -- the 40 knot "Eclipse" -- that has a 40-member crew, 22 staterooms, a swimming pool, two helipads, a private submarine, and bulletproof glass. Annual running costs: $20 million, including $120,000 to refuel. He owns three other giant boats in the plus 300-foot class for his friends to tag along and recently gave a 370-footer to a friend.

The dizzying climb of the entrepreneurs has led some corporate CEOs to believe they can crash the club by leveraging gluttonous severance packages -- e.g., Home Depot's Robert Nardelli dumped by his board with a $210 million golden handshake. The Economist, in this week's cover story on executive pay and the "glory days of global capitalism," says the executive movers and shakers about to meet at the World Economic Forum in Switzerland have enjoyed a "Beckhamesque bonanza."

12Next »

Post a comment

There are comments on this article, submit your opinion!

Commenting is disabled for this entry.
If you feel there is still something worth mentioning about this entry please contact the author or the site admin.

Top Stories

Most Shared

  1. KUHNER: Impeach the president?
  2. EDITORIAL: Hiding the true cost of Obamacare
  3. RUSE: The Girl Scout Sex Guide
  4. HANSON: Proud to help -- and to fly our flag
  5. EDITORIAL: Obama surrenders gulf oil to Moscow
More Top Stories »
  1. PRUDEN: Into the twilight zone
  2. STEYN: 'Deemocracy' in action
  3. Lawmaker won't press charges in spitting incident
  4. BERMAN: Charities behaving badly
  5. TURNER: Our lawbreaking Congress

Most Commented

  1. KUHNER: Impeach the president?
  2. Obama backs plan to legalize illegals
  3. Lawmaker won't press charges in spitting incident
  4. Voight, tea party groups plan last-minute protest
  5. Key Democrat Boccieri switches to 'yes' on health vote
More Top Stories »
  1. Obama urges Dems to come together for health care
  2. CURL: Obama the Innocent stumps for health care
  3. Obama holds final pep rally for health care
  4. TURNER: Our lawbreaking Congress
  5. Raucous buildup precedes health care vote

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin

Blogs & Columns

  • Water Cooler

    Health care bill opponents: Executive order on abortion doesn't cut it

  • Belief Blog

    Nancy Pelosi invokes the 'wrong' St. Joseph

  • Technology

    Ordering iPad is painless, except for the wallet hit

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.