notice anything odd about Texas, Wyoming, and Arkansas?
http://www.movoto.com/blog/opinions/wealthiest-person-map/
http://www.movoto.com/blog/opinions/wealthiest-person-map/
Map of the richest person in each state..
- Thread starter 57stratdawg
- Start date
$80B is just absurd.
The richest guy in MS has 3% of that, for perspective. Is gates still planning on donating a great deal of his wealth, upon his death? I had read that a while back (or something similar and wasn't sure if true.
The richest guy in MS has 3% of that, for perspective. Is gates still planning on donating a great deal of his wealth, upon his death? I had read that a while back (or something similar and wasn't sure if true.
Nothing odd about the Waltons wealth. Sam Walton built a business that has done well, although Walmart is a shell of what it once was.
The richest in Mississippi is a Tsun grad. Does he give money to them. Anybody know what he does with his money.
The richest in Mississippi is a Tsun grad. Does he give money to them. Anybody know what he does with his money.
I didn't recognize the name, so I looked him up, and one of the first things I found was that he is "intensely private." So I doubt you'll find much info on that front.
Founded Ergon and Lampton-Love propane gas distributers. Also named as a plaintiff in the case of Oliver Diaz a few years ago. Evidently Lampton was on the Judical Review Committee that went after Diaz so Diaz threatened all persons invoked in commission so Lampton turned around and filed a suit against Diaz and Diaz's wife.
Thank you for pointing that out. There are several other threads on the front page if you want to work in compliments about Freeze's recruiting or Bianco's baseball program. I'll help you out:
"MSU is doing really well, but I'm just worried Freeze is building something we can't compete against.."
"I know we had our day in the sun with in-state baseball but Bianco looks like he's more focused than ever about winning championships which scares the hell out of me.."
"MSU is doing really well, but I'm just worried Freeze is building something we can't compete against.."
"I know we had our day in the sun with in-state baseball but Bianco looks like he's more focused than ever about winning championships which scares the hell out of me.."
While I certainly don't discourage giving money to charity (obviously you should), giving that much to one charity is basically just giving a bureaucracy a trust fund instead of your own flesh and blood.
Is this a bad thing?
It could be, if mismanaged.
But if managed well, it could mean an impactful charity no longer has to spend time, energy, and money on fundraising and can focus more on why they exist- to serve.
Also, a non-prof that impacts a great number of people can have a higher net change than if a single person spends money. Using $100 million for job retraining, skill enhancement, and child care for student mothers should eventually impact society greater than a single person having that $100 million from a trust. The one person may not spend all that in their lifetime. Money sitting in an account does not impact the economy and society much, especially considering the money goes to investing which often means its outside the US.
Those people who get the $100 million thru job retraining, skill enhancement, and education due to child care limitations being obsolete will, in theory, earn more money than they otherwise would which creates more income tax, property tax, and often times all their money is spent versus banking it away. It's active money.
Also, that $100 million will have entered back into the system thru paying daycares, community colleges, and professional development programs.
Just sayin.
I really can't speak as to what he gives to OM, but he gives a great deal of money to MSU's engineering programs.....he was awarded an honorary doctorate of engineering from MSU several years ago and it hangs in the engineering department at Ergon (or at least it used to). He is as good of a guy as you will find and every bit of his wealth is self made.
Interestingly the interactive map pulls up a pic of l lampton JR. Not papa les who is still alive and very mush THE MAN. Good folks. Good family
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Ergon, and the Lampton family, give money to Ole Miss and MSU, a number of private high schools, a number of public school booster clubs; they give academically and athletically and demand that they not be grossly rewarded for it. Old man Less is as self made as self made can be. He was adopted, driver a fuel truck, made enough money to start leasing one for his own, eventually made enough money to buy that truck and, ultimately much more. Great MS family.
I would guess Gary Chouest who has a fleet of ships servicing oil rigs, multiple ship yards, multiple ports, and does oil spill clean up. He was loaded before the BP Oil Spill.
http://chouest.com/
http://chouest.com/
Not really odd but very impressive....
That one man's fortune even when split up amongst four heirs still makes those folks the richest by far in the states they chose to settle in. Also interesting is that Rob Walton isn't even mentioned here because he lives in the same state as his brother and his 34.2 billion just doesn't cut it.
That one man's fortune even when split up amongst four heirs still makes those folks the richest by far in the states they chose to settle in. Also interesting is that Rob Walton isn't even mentioned here because he lives in the same state as his brother and his 34.2 billion just doesn't cut it.
He'd have a lot more than $2.4B, but he's spent loads on getting 4 and 5 star football players to Ole Miss.
I see what you're saying, and we'll agree to disagree, but if someone takes that 100 million in a trust it doesn't just sit there. The trust fund baby will purchase high end goods and services which gives people jobs too, all while those people pay for daycares, community colleges, etc. Even if they live a humble lifestyle (not likely), that money might be "sitting" in a bank, but the bank uses that money to give people loans, invest in other business, etc, which also create jobs.
I addressed your points the first time around, but probably worded everything poorly.
That 1 person only needs a handful of suits. A few pairs of jeans. Etc etc. This is, of course, assuming they aren't some Imelda Marcos-esque fashionista.
If I had 100million, I wouldn't buy more clothes or better clothes. I would have more land...which I would manage myself, just like I already do. Basically, for many people, there just isn't a need to spend everything you have when you have that much money. Yes, lottery winners prove me wrong, but I think that anyone with reason would also call them the exception.
I would inevitably keep most of that money in banks/funds. I wouldn't see it and it would continue to not directly impact the economy the way that good and services spending impacts an economy.
As for the comment that a bank would have my $100million and put it in action to provide loans, etc- yes that is true- to a point. This issue is why I mentioned money going overseas. When money is invested, it doesn't just stay at your local credit union, it does all over the globe. Money that is part of a loan to a foreign construction company does directly impact our economy. That money may as well come from Australia or may as well be under a mattress.
I try really hard to not judge people on their spending habits, so everything I typed is just an analysis of what is 'best' from a purely analytical perspective. If someone wants to turn in their $100million for gold Sacagawea coin dollars and swim in them Scrooge McDuck style, well its their money so ok then. It'd be a curious decision, but to each their own.
That 1 person only needs a handful of suits. A few pairs of jeans. Etc etc. This is, of course, assuming they aren't some Imelda Marcos-esque fashionista.
If I had 100million, I wouldn't buy more clothes or better clothes. I would have more land...which I would manage myself, just like I already do. Basically, for many people, there just isn't a need to spend everything you have when you have that much money. Yes, lottery winners prove me wrong, but I think that anyone with reason would also call them the exception.
I would inevitably keep most of that money in banks/funds. I wouldn't see it and it would continue to not directly impact the economy the way that good and services spending impacts an economy.
As for the comment that a bank would have my $100million and put it in action to provide loans, etc- yes that is true- to a point. This issue is why I mentioned money going overseas. When money is invested, it doesn't just stay at your local credit union, it does all over the globe. Money that is part of a loan to a foreign construction company does directly impact our economy. That money may as well come from Australia or may as well be under a mattress.
I try really hard to not judge people on their spending habits, so everything I typed is just an analysis of what is 'best' from a purely analytical perspective. If someone wants to turn in their $100million for gold Sacagawea coin dollars and swim in them Scrooge McDuck style, well its their money so ok then. It'd be a curious decision, but to each their own.
I don't know specifically who is the richest in Louisiana.
I just know that there are some oil and gas families in Louisiana with larger net worths.
I just know that there are some oil and gas families in Louisiana with larger net worths.