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Nouveau Riche

Source: http://fastswings.com/FastSwingscom/tabid/518/EntryID/969/Default.aspx
Posted on Monday, August 11th, 2008 | In Current Market News, Market Commentary, Stocks to Watch
Contributed by: Steve Patterson (http://www.fastswings.com/) -

Nouveau RicheMaybe you’ve wondered about the secrets of the Nouveau Riche, how their billionaire ideals propelled them to the top of industries. Well there are a number of Nouveau Riche, or New Rich, entrepreneurs that started with a middle class up-bringing and through hard work and determination achieved what many seek.

Charles and David Koch

Charles (72) and David (68) Koch own 80% of Koch Industries which includes a chemical factories, oil refineries, and cattle ranches. Koch Industries is the largest privately held company in the United States. Charles, now worth over $17 billion developed and applied Market-Based Management to the organization and feels this single concept allowed the company to achieve all that it has.

Leslie Wexner

And the Mid-western Nouveau Riche Wexner family is a prime example of ambition leading to success and being poured out into a city through philanthropic projects. Leslie Wexner is the founder of The Limited, a major retail and marketing conglomerate, and he is the current CEO and Chairman. He lives in Columbus, Ohio where he began the company in 1963 and is involved in numerous charities including the United Way, The Wexner Center for the Arts, and the Wexner Foundation. His most recent net worth was estimated at $2.6 Billion.

Last 5 posts by Steve Patterson





About Steve Patterson (http://www.fastswings.com/)

Steve Patterson is a trained software engineer with an engineering degree in computer science and a MBA from Capital University in Columbus, Ohio. He has been an active trader of stocks and options for the past 10 years with a focus and technology and large cap stocks. In addition, he is the editor and one of a number of writers on several web based publications that he owns and operates.

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