"Well, it shows that the rich do get richer, and it also shows that we've been doing a little more of our homework each year. It's quite a lot of work to refine your estimates of what people's assets are worth when they are not very eager to co-operate with you. And each year we get a little better. Each year we find a few new ones that we'd missed before."
"And some people are left off this list because they don't co-operate, Malcolm Forbes, for one."
"Oh no, he's in there. It's just that we wouldn't for the life of us, say exactly where."
"You started this list about 5 years ago. Why did it start? Why do you continue to do it?"
"Why? Well, it started … the short answer for why it started is that Malcolm Forbes thought that people would be interested in it and insisted on us doing it and doing it right."
"But he didn't want to cooperate himself."
"Well, you run into certain problems with the IRS and inheritance taxes if you put a number on yourself. You want to negotiate that figure, or your heirs do."
"Is there any commonality to how these people have achieved such wealth? Did they earn it the old-fashioned way?"
"Well, at some point, everybody, every fortune had to be earned the old-fashioned way. And the old-fashioned way is, you set up a business that can be multiplied indefinitely beyond the limitations of your own personal efforts. It can be an oil business, like John D. Rockefeller did with the Standard Oil Trust. It could be, you know, an organization that can produce dozens of game shows like Merv Griffin."
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