ANOTHER PHONY BILLIONAIRE

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October 27, 2005

In the latest edition of Forbes magazine, Dirk Smillie reports that recently departed oil billionaire Marvin Davis was in fact no billionaire at all. He died broke, even though the Davis family fortune made the Forbes 400 list last year pegged at an impressive $5.8 billion. Well, looks like Forbes had nailed it – give or take six billion bucks.

So the cupboard was bare, and Forbes magazine never had a clue. So much for its famous Forbes 400 ranking of the richest families in the U.S. being anything more than a guesswork gossip sheet. It is actually a list of two groups of people: Those who desperately want to be on it, and then the real billionaires who don’t. Forbes has placed our very own Rich DeVos of Amway fame on the list at $3.1 billion and the fortune of his late partner Jay Van Andel at $2.6 billion. So which group do you think these hype merchants belong to? (Click here and here if you need more clues.)

Posted on October 27, 2005 at 03:27 PM in Project: Pyramid Power | Permalink

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