While the current recession may be pinching them a bit, some of the world’s billionaires see the proverbial silver lining in the global economic rain clouds. Credit their healthy outlook on money, maybe. They earned their billions, so what can stop them from earning more? – well, only the (real) end of the world, perhaps.
Forbes magazine released its list entitled ‘Billionaire Vultures’ composed of deal-hunting and fortune-seeking top moneymakers such as Mexico’s Carlos Slim Helu and US investor George Soros. Others on the list are founder of Saudi Arabia’s MBI International group Mohamed bin Issa Al Jaber, member of Abu Dhabi’s royal family Mansour bin Zayed Al Nahayan, American investors Wilbur L Ross Jr, John Catsimatidis and Nicolas Berggruen, US-based Gerald Ford, Germany’s Gunter Herz, and Russia’s Mikhail Prokhorov.
Which brings us to the tiny matter called investment opportunities. These people are obviously no dilly-dallying pansies when it comes to making money. Hey, if they were, they could have stopped at the millions. These people know, only because they have reached this billionth far, what business risks really mean. They know risk like the back of their hand, and a global economic meltdown is just one of ‘em risks. It is really no puzzlement why they are betting (once again) in a time of economic turmoil.
Besides, these people also know that if they stop investing, the buck stops there. Economy’s health rests on the continuous flow of investments that subsequently generate all the other fruits of trade, commerce, employment, income, purchasing power, etc. It’s a (capitalist) vicious cycle, really.
Via livemint.com
