{"id":15888,"date":"2017-11-09T09:00:23","date_gmt":"2017-11-09T14:00:23","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=15888"},"modified":"2017-12-07T06:55:49","modified_gmt":"2017-12-07T11:55:49","slug":"forbes-400-billionaires-list-is-probably-all-wrong","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2017\/forbes-400-billionaires-list-is-probably-all-wrong\/","title":{"rendered":"Forbes\u2019 400 Billionaires List Is Probably All Wrong"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/11\/110917_1157_Forbes400Bi1.jpg\" alt=\"\" width=\"640\" height=\"496\" \/><\/p>\n<p>Forbes has a list of the world&#8217;s 400 wealthiest people. You can&#8217;t trust it, wrote Preeti Varathan and Max de Haldevang:<\/p>\n<ul>\n<li>Wilbur Ross, the US Secretary of Commerce was found to have successfully tricked Forbes into putting his name on the billionaires list \u2013 even though he was a hundred millionaire at best.<\/li>\n<li>There is evidence that Donald Trump similarly never quite made it to the billionaire&#8217;s club. But he convinced Forbes that he was one\u2026and that probably helped him become President of the United States.<\/li>\n<li>One trick is to argue for an impossibly high valuation, thus convincing Forbes that when they come up with a valuation that&#8217;s just implausibly high, they&#8217;re being conservative.<\/li>\n<li>Entrepreneurs try to boost estimates of their wealth because it lends them an air of credibility that makes business deals easier to negotiate.<\/li>\n<li>Meanwhile those that inherit their wealth typically try to lower estimates of their net worth to prevent solicitation from charities, or friends and family.<\/li>\n<\/ul>\n<p>Read more on <a href=\"https:\/\/qz.com\/1123599\/wilbur-ross-is-probably-just-one-of-many-billionaires-who-lie-about-being-billionaires\/#\">Quartz<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes has a list of the world&#8217;s 400 wealthiest people. You can&#8217;t trust it, wrote Preeti Varathan and Max de Haldevang: Wilbur Ross, the US Secretary of Commerce was found to have successfully tricked Forbes into putting his name on the billionaires list \u2013 even though he was a hundred millionaire at best. There is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/11\/110917_1157_Forbes400Bi1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=15888"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15888\/revisions"}],"predecessor-version":[{"id":15891,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15888\/revisions\/15891"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/15887"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=15888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=15888"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=15888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}