Wednesday, September 21, 2016

Ideas change incomes for well owners


"Meet Harold Hamm, who is one the hundred wealthiest people in the world. Harold was the youngest of 13 kids and a child of cotton sharecroppers from Oklahoma. His highest level of education is high school. His first jobs included pumping gas and fixing cars. Harold represents everything you’re implying the super rich seek to exclude. Yet, he is in the top .00001% of the world. What made the super rich let him into their ranks? I wouldn’t begin to know who to ask because the premise of your question is flawed. People like Harold Hamm become super rich because they make tremendous contributions to the world’s wealth. In Harold’s case, his pioneering of oil drilling techniques and the development of the Bakken Oil Field have opened up reserves of energy supplies. There’s a lot of demand for the product he offered the world. A cabal of super rich people didn’t get together and decide to let Harold enter their ranks. Rather, Harold discovered and offered the world markets a product they desperately desired. In turn, he was able to realize $18.7B in pe#rsonal net worth at his peak."

#discoveries
#inventors
#invention
#markets
#oil
#embargo
#worldwealth
#oilfields

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