Influence
While millionaires constitute only a small percentage of the population, they hold substantial control over economic resources with the most powerful and prominent individuals usually ranking among them. Also, the total amount of money held by millionaires can equal the same amount of money held by a far higher number of poor people. The Gini coefficient, and other measures in economics, estimated for each country, are useful for figuring out how many of the poorest people have the equivalent total wealth of the few richest in the country. Forbes and Fortune magazines maintain lists of people based on their net worth and are generally considered authorities on the subject. According to Forbes' latest annual list of the World's Billionaires published in March 2008 there are currently 1125 members of the exclusive Billionaire's club (see US-dollar billionaires in the world).
Sixteen percent of millionaires inherited their fortunes. Forty-seven percent of millionaires are business owners. Twenty-three percent of the world's millionaires got that way through paid work, consisting mostly of skilled professionals or managers. Millionaires are, on average, 61 years old with $3.05 million in assets.
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Famous quotes containing the word influence:
“We could not well camp higher, for want of fuel; and the trees here seemed so evergreen and sappy, that we almost doubted if they would acknowledge the influence of fire; but fire prevailed at last, and blazed here, too, like a good citizen of the world.”
—Henry David Thoreau (1817–1862)
“Perhaps I stand now on the eve of a new life, shall watch the sun rise and disappear behind a black cloud extending out into a grey sky cover. I shall not be deceived by its glory. If it is to be so, there is work and the influence that work brings, but not happiness. Am I strong enough to face that?”
—Beatrice Potter Webb (1858–1943)
“What do women want with votes, when they hold the sceptre of influence with which they can control even votes, if they wield it aright?”
—Mrs. H. O. Ward (1824–1899)