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8 Billionaires = 3.6 Billion Poor
By Shlomo Maital
Oxfam is a British-based philanthropic organization that provides support for the poor world-wide. It is politically identified with the Left. From time to time Oxfam generates reports showing the extreme inequality of world wealth distribution. The latest report claims that only 8 billionaires, the richest people in the world, hold wealth equal to the entire holdings of wealth of the poorest 3.6 billion people, or half the world’s population.
Not long ago, this annual report claimed that 62 billionaires = half the world’s population. So the rich have grown richer, the poor have grown poorer. Indeed, half the world has little or no wealth at all, per capita. Oxfam uses Forbes Billionaire List data, and publishes its report to coincide with the Davos World Economic Forum, where the world’s makers and shakers meet.
Here are the eight super-billionaires.
1.Bill Gates, the founder of Microsoft, led the list with a net worth of $75 billion. He is scheduled to speak at the forum in Davos this year. 2. Amancio Ortega Gaona, the Spanish founder of the fashion company Inditex, best known for its oldest and biggest brand, Zara, has a net worth of $67 billion. 3. Warren E. Buffett, the chairman of Berkshire Hathaway, $60.8 billion. 4. Carlos Slim Helú, the Mexican telecommunications magnate, $50 billion. 5. Jeff Bezos, the founder of Amazon, $45.2 billion. 6. Mark Zuckerberg, Facebook’s creator, $44.6 billion. 7. Lawrence J. Ellison, the founder of Oracle, $43.6 billion. 8. Michael R. Bloomberg, the former mayor of New York and founder of the media and financial-data giant Bloomberg L.L.P., $40 billion.
What can we learn from the Oxfam report, even if it is partly inaccurate?
* None involve inherited wealth. All did it on mainly their own. * Gates and Buffett are committed to giving away all their wealth and their foundations are well on the way to doing this. * Bloomberg became a highly effective mayor of New York, and was close to running for President. * A majority built wealth in the world of high-tech. * Some have created a lot of jobs: Zara, a retailer, and even Amazon, which is now hiring.
With a billionaire now President of the United States, it is time to ponder these questions: Is it healthy for society that individuals can accumulate vast fortunes? Do they use tax avoidance to build wealth, and is their philanthropy to some degree part of tax avoidance? Should there be a strong inheritance tax, so the playing field is levelled at least once a generation?
How to be an Evangelist:
From Guy Kawasaki
By Shlomo Maital
Guy Kawasaki is the legendary marketing guru for the Macintosh computer. Apple hired him, even though he was in the jewellery business at the time, had a psychology degree from Stanford, and knew next to nothing about personal computers.
Why did Apple hire him? Because – he believed. He felt that MS-DOS, and Microsoft in general, were “crimes against humanity”. He felt that “Bill Gates brought darkness to the world.” He set out “to right a wrong”. He was in his words – an evangelist.
The Greek roots of the word evangelist mean “one who brings or proclaims good news”. The word has come to mean someone who preaches the Christian gospels.
Kawasaki became a VC (garage.com), and how is Chief Evangelist for Canva, a startup whose mission is to democratize design. In the latest issue of Harvard Business Review, Kawasaki sets out the rules for becoming an evangelist. Here they are:
- Schmooz. Build social connections. It’s easier to evangelize people you know.
- Get out of your cubicle. Network. Talk to people.
- Ask questions. Initiate a conversation, then – shut up and listen.
- Follow up. Make sure that you follow up on a meeting, within a day.
- E-mail effectively: Optimize your subject lines, and shorten your text. Always respond quickly.
- Make it easy to get in touch.
- Do favors. If you do things for others, they are more receptive to listen to you.
- Public speaking: An evangelist must master the art of public speaking. Kawasaki says it took him 20 years to master the art and get comfortable.
- Deliver quality content. 80% of the battle is having something worthwhile, interesting, perhaps novel, certainly meaningful, to say. It is NOT just about how you say it, but what you say.
- Omit the sales pitch. If people think you are pitching, you’re dead. Don’t.
- Customize. Use the first few minutes to directly address the audience, show them you’ve done your homework, know who they are and what they seek.
- Focus on entertaining. If people are entertained, they are more receptive to the information you bring.
- Tell stories. Make it personal. Tell stories about yourself and others, that support your message.
- Circulate in the audience beforehand. Make contact with them, especially with those in the front rows.
- Control what you can. Try to speak at the beginning of an event; choose a small room, if you can. A packed room is better than a half-empty one.
- Practice. You need to give a speech 20 times to get good at it.
Rules for Social Media:
- Offer value. Share good stuff – of four kinds: information, analysis, assistance, entertainment.
- Be interesting.
- Take chances. Don’t be afraid to take strong stands, express feelings.
- Keep it brief.
- Be a mensch.
- Add drama.
- Tempt with headlines. How to… top 10, etc.
- Use hashtags.
- Stay active: 3-20 different posts a day.
“Evangelism is not about self-promotion. It’s aobut sharing the best of what you, your team and your organization produce with others who can benefit. “
If You Thought Washington Is Dysfunctional – Wait ‘til You Read Gates!
By Shlomo Maital
I prefer to write blogs about books I’ve read. And it’s super-easy today to acquire any book – it takes 30 seconds to download an Amazon e-book. But today I want to write about a book I haven’t yet read, but will soon – based on a review. Because the content is so terribly disturbing. America is still the leader of the Free World – and it is rudderless, incompetent, cynical, according to the consummate insider Robert Gates, former Defense Secretary.
Gates’ book is called Duty: Memoirs of a Secretary at War. Gates served for many years in the CIA, headed the CIA for two years, then was Defense Secretary under both Bush and Obama (December 18, 2006 – July 1, 2011). In reviewing his book, national security expert Thomas E. Ricks calls it “probably one of the best Washington memoirs ever.” Ricks doubts Gates can ever again hold a Federal govt. job, or even want to.
Here are a few juicy tidbits: “VP Joe Biden is a ‘comical motormouth’…who “has been wrong on nearly every major foreign policy and national security issue over the past four decades”. Former White House chief of staff Rahm Emanuel: “hell on wheels…a whirling dervish with attention-deficit disorder”. Tom Donilon (Obama’s 2nd national security advisor): “suspicious and distrustful of the uniformed military leadership”; Congress: “truly ugly”…parochial, self-interested, rude and bullying. Harry Reid, Senate Majority Leader: “small-time hack who phones Gates to lobby for Defense Dept. funding for research on irritable bowel syndrome”. (didn’t know whether to laugh or cry, Gates says). Senator Nancy Pelosi, “said she wasn’t interested” when Gates tried to state the facts on the ground in Iraq. Senator Patty Murray, Washington, “read from prepared notes…no one had bothered to remove the Boeing letterhead from her talking points”. On Afghanistan and Obama: “the president doesn’t trust his commander, can’t stand (Afghan Pres.) Karzai, doesn’t believe in his own strategy and doesn’t consider the war to be his.” The Obama White House: “still stuck in campaign mode a year into the presidency”.
And this is just a start.
I guess most of us knew or suspected all this. But it is still disturbing to read it. No wonder “cold-blooded killers” (Gates’ description) like Russia’s Putin and Syria’s Assad are eating Obama for lunch daily.