Wealthiest Americans (1957)
In 1957 Fortune magazine developed a list of the seventy-six wealthiest Americans; the list was republished in many American newspapers. The primary source of wealth was indicated as being inherited or stemming from a particular business or industry. For fortunes derived from oil, the list used “bankers valuation” of what a person might pay for assets rather than the valuation of proven oil reserves.
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Famous quotes containing the words wealthiest and/or americans:
“The present hour is always wealthiest when it is poorer than the future ones, as that is the pleasantest site which affords the pleasantest prospects.”
—Henry David Thoreau (1817–1862)
“The Americans never use the word peasant, because they have no idea of the class which that term denotes; the ignorance of more remote ages, the simplicity of rural life, and the rusticity of the villager have not been preserved among them; and they are alike unacquainted with the virtues, the vices, the coarse habits, and the simple graces of an early stage of civilization.”
—Alexis de Tocqueville (1805–1859)