The Rise Of The Super Rich - Untold Wealth Of The 1%!! - Documentary
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- Опубликовано: 25 авг 2024
- Untold Wealth: The Rise Of The Super Rich Documentary. Untold Wealth Of The One Percent.
In the upper reaches of American society there is an explosion in personal wealth like never before. There has always been extraordinary affluence in the United States, but today that wealth has soared to staggering heights, creating a new and growing class of Americans dubbed the Super Rich. In 1985, there were only 13 billionaires in the U.S.; today there are more than 1,000. Together with hundreds of thousands of newly minted multi-millionaires, they live virtually untouched by a recession that has a crushing impact on many Americans, indulging a parallel world of luxury where multiple homes, personal staffs and countless possessions grow along with their outsized fortunes. This creation of unprecedented wealth has brought us to a moment in American history that has been described as the "New Gilded Age."
The documentary examines the soaring levels of affluence in rarefied places in the United States, with unusual access to several extraordinarily wealthy people who allow cameras into their homes and talk openly about the blessings - and burdens - their fortunes bring. Bill Gross, billionaire founder of the investment firm PIMCO, admonishes his wealthy peers, accusing many of them of reckless, indulgent spending and a need to "keep score."
Nowhere is this wealth being created more quickly, more dramatically and more controversially than on Wall Street, where the advent of the hedge fund has turned even mediocre performers into millionaires and brought star talent even greater riches. Faber interviews 43-year-old Anthony Scaramucci, a hedge fund executive worth over 80 million dollars who, like many of his colleagues, came from modest beginnings and grapples with his newfound wealth, mindful of the way he is seen by others. Glenn Stearns, a 44 year-old CEO who owns several houses around the world, struggles to keep his children grounded and wrestles with deciding how much to leave to them, and how much to give to philanthropy.
Faber also addresses the effects of all of this money on the rest of us, and the downward pressure created by this new wealth on those who aren't super rich, but merely rich; collectively, they are known as "middleclass millionaires." Laurel Touby sold her website Mediabistro.com for 23 million dollars in 2007. Left with ten million dollars after taxes, she tells Faber of her surprise in finding that it wasn't enough to buy the apartment of her dreams or dramatically alter her lifestyle.
#Super #Rich #Wealth #Billionaires #documentary_films #Documentary #Full_Documentary #doсumentary #full_doсumentary #Doсumentary_Films #Documentaries
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You call it a 2020 documentary while it is posted in 2018 en made around 2008
I think that's the name of the channel
2007 documentary.
The explosion of billionaires is staggering. There are now over 3000 billionaires in the world. On average, a new billionaires is made every single day of the year.
That's not alot out of 8 billion people on earth that's still a super small number
Actually it's less than 3000
1ST guy in this show, Tim Durham, was convicted of securities fraud. From Wikopedia "In 2012, Durham was sentenced to 50 years in prison in connection with a Ponzi scheme that defrauded 5,400 investors, many of them elderly, of approximately $216 million, according to the U.S. Securities and Exchange Commission.[3] "
THEY ARE USUSALLY ALL CRIMINALS WHEN YOU DIG DEEP ENOUGH...ITS ALL AN ILLUSION............WHAT THESE IDIOTS HAVENT LEARNT YET IS THEIR SPIRITUAL LESSON....SHROUDS DONT COME WITH POCKETS!!!!!! NO ONE TAKES IT WITH THEM IN THE END...ITS WHO YOU HELPED ALONG THE WAY THAT COUNTS ON THE OTHER SIDE....ASSEST RICH/SPIRITUALLY POOR!!!...FOR THE MEEK INHERIT THE EARTH!!!!!! THESE ARE THE FAKE IDOLS OF THE MODERN ERA! XXX
This is the guy who mocked his dad for driving a honda
Knew it clearly living beyond his means, even clear on video here
Yeah and I notice that no-one (esp. conservatives) mentions he's a REPUBLICAN. Everybody talking about Democrats/Liberals in these 'rich' videos on RUclips, and not those who are clearly Republican and *convicted* doing this shyte. Meanwhile, members of ALL political sides participate in these disgusting crimes.
@@enoshimametals Should have been a dentist like his dad
Excess rarely leads to happiness, although being grateful for what one has, and the ability to help provide for others is golden...
Well said. Even in the bible you see certain men God made wealthy. They knew how to lead & they used their wealth to bless their loved ones yes BUT to help others as well. Most can't deal with wealth...they become haughty, greed overcomes them & they develop the root of all evil i.e "the LOVE of money"...it becomes their idol
This
Anthony Scaramucci is really humble. You can tell by the way he speaks.
FYI: this documentary was filmed in 2007, not 2020.
But where's is the higher resolution 🤔
😂😂😂😂 right !!!
I am the richest person in the world coz God always look after me
amen! well said!
Funny, poor people tend to say that a lot.
You can say that again
No one cares to be honest.
Your funny..
Who knew Tim Durham was bragging about how rich he was with other people's money? Now he's living in Prison with toilet seat just 4 feet next to his bed.
What I can't fathom is he was a top regional lawyer, so he knew what would (and did) happen if charged and convicted
@@michelleannor6944 you start to think you'll never get caught, I guess
Thanks for the info. I didn’t know. I just looked him up. What a disgrace! Just to show that greed knows no bounds.
@@picilocarnal Thanks to you as well
@@kristinesiu I'd always thought that same thing whenever I watched this documentary 😂 $75M most certainly isn't chump change but this guy was out there dropping millions cash on cars and on decorating his house.
The offices of Obsidian and Fair Finance were raided by federal agents in 2009, suspected of involvement in a Ponzi scheme. Durham was arrested in 2011.[7]
On June 20, 2012; an Indianapolis jury convicted Durham of 10 counts of wire fraud, one count of securities fraud, and one count of conspiracy to defraud. On November 30, 2012; he was sentenced to 50 years in prison-at his age, effectively a life sentence.[8] While he faced a maximum of 225 years under sentencing guidelines, federal district judge Jane Magnus-Stinson said there was no point in handing down a sentence that long.[9] Nonetheless, Joe Hogsett, the U. S. Attorney for the Southern District of Indiana, called it the longest sentence ever imposed for a white-collar offense in Indiana history.[8]
On September 4, 2014, a federal appeals court overturned two of 10 wire fraud counts against Durham and ordered a new sentencing hearing, saying prosecutors failed to enter some key evidence into the trial record.[10] On June 26, 2015, Durham had his 50-year sentence reinstated. Magnus-Stinson said that "the huge number of victims and the amount of devastation" left little reason to reduce the original sentence. He is serving his sentence at United States Penitentiary, McCreary in McCreary County, Kentucky;[11] He was also sentenced to two years' supervised release, but this was largely academic given the likelihood that he will die in prison. His earliest possible release will be February 1, 2056-when he will be 94 years old.
im poor, so when i finally do get rich, im not going to apologize to those who are jealous.
Money makes money.
"Making money when you don't NEED anymore....."
Who has the right to decide what you need and what you don't need? If your gains are within legal parameters, you make as much as you can and want.
Exactly. Let anyone have as much as they’re willing to work for honestly.
My only complain would be when they insist on making $ by some form of deception
The problem is when you become so rich that you can afford to buy lawmakers and politicians creating a system that is by design highly corrupt and immoral ,yet still within the law .
And politicians nowadays can be bought so cheaply . The guy isLaws created to favour the rich and throwing the working class into a cycle of desperation and poverty that is nearly impossible to overcome legally . That’s happening at an alarming rate with stagnant wages and hurdles and blocks along our path to personal prosperity is prohibitively difficult for the poor while the ultra rich can buy just about anything on their way to hyper rich , and that is immoral and unfair it also comes at a great cost for society in general . Criminality on the lower levels is a product of that unjust distribution of wealth .
Of course, if you make your money from killing people within legal parameters, you make as you can and want as well. Laws can be bought and politicians bribed. Who has the right to decide? That's the question of a philosophical imbecile, an addict, or a sociopath.
It turned out that most of the cars were leased and NOT owned. If I'm wrong I'll stand corrected
My smartphone is able to experience the one percent at no extra charge.
This was just before the house of cards came crashing down 2008. Will happen again 2021.
2022*
The ones who care, don't matter. The ones that matter, dont care.
How's that American Dream coming along Inmate Durham
The picture quality of this video is AWFUL ! Here's an example of how the rich really live TODAY and not way back in 2008 when this video was made. A Russian woman landed in her private jet with her baby in Monaco. She realized she had left the baby's listening device back in Russia and asked an assistant who " gets" things for the rich, to please get her the listening device. That assistant said no problem I will go and get you a new one right away. The Russian woman said no, no I want the one I left back at my home in Russia. The assistant had to get on a plane and fly to Russia to pick up the baby's listening device and bring it back to Monaco.
Glen Stearns is that undercover Billionaire guy. He keeps pushing to be in tv. Must be really insecure guy but overall looks like a good guy
I know excess has made our family very happy !
Thanks for sharing. Criminal behavior at our expense.
Criminal behavior is always at our expense 😭. Whether it is a low tier thief mugging hardworking people or a big financier with a ponzi scheme
If you have more than enough, give to one who doesn't have enough. Then everybody will have enough.
Stop trying to force others to give their own money away just because you dont have it, even if i became a billionaire my money is mine, I dont owe my shit to you or anyone else, stop being a begger!
I am a below middle-class person. Good for them the people who made Millions on top of Millions. Why not
Very interesting!
its sick when one person has $200 billion and billions of people live in absolute poverty, no one needs that much wealth, you can't physically spend all that money. When the people have had enough then its time to eat the rich and no amount of money will protect them!!
@user-vk7ll7zg5g Stop blaming people for your poor financial choices in life, it's your job and responsibility to take care of yourself, so why should other people be the blame for that? No one owes you anything in life period, if you honestly want to advocate for poverty then either adopt those are in poverty or get off your lazy ass and go to work, because at the end of the day no one here is going to baby you, you're only saying this because you're broke and lazy, like seriously.
For rich or for poor part is hilarious!
A Lot of Sad people working 90 hours a week for Millions 😜😜😜 No Thanks 😊
I believe the "Magic Number" is $100,000,000 ---> Enough to do anything you want and not enough to do Nothing...
Worked on Tim Durham's house, he might walk in one day after thousands of dollars of work and say "This isn't working for me" so we tear it out and rebuild something else and he might stop by two weeks later and say, " This isn't working for me" so we tare it out and build something else. I got tired of put my best effort into something that would probably be demoed and rebuilt for some ridiculous reason. I finally quit and eventually Timmy went prison.
Didn't work for him because he wasn't earning the pay. A unhumble crook. Smh
the problem with your thinking is that you dont realize that his peculiar ways kept you in business and made you lots of money for many weeks. rich people provide jobs for guys like you and i so that we can one day have it all
@@healthyamerican I get it but I keep my money and my conscience clean. I didn't realize that money was so tainted. My integrity will be in tact when I check out, this world will devour the rest.
@@ponzo1967 i understand this point, but your original comment was a different topic. You were frustrated because he started you on a project and then said tear it down and do over.
@@healthyamerican I can say that house could easily stand for 100 years or more, heavy gauge metal studs, slate roof etc the cable ready TV boxes above the jacuzzi tubs are outdated but that can be fixed. I shouldn't complain since he hired a union contractor and I believe it was time and material. I can't say Tim ever mistreated us or even talked down to us, he was actually quite pleasant. It just seems financial crimes are rarely prosecuted. What the Pandora Papers exposed is business as usual these days.
These people could do some real good helping people, and they wouldn't lose a dime,
All that arrogance and bragging will end up coming back to haunt these Hedge Funds in 2022!!! 🐒🤣😄🦍👍
Considering the first guy (Durham) is in prison let that be an example of how easy it is to fool people
Really? What was he convicted for?
Side note: My parents always told me not to begrudge anyone for their riches but try and make my own
Well :teach the Middle class ; how to Compound there money.
Haha haha there’s not going to be a middle class can’t you see that? Wow still got people who can’t see what’s really going on. This isn’t about money at all this about power, control, and a society designed and implemented by the upper elite all to bring in their ultimate utopian civilization.
😱😡🤬🤬🤬Where are the minorities none shown????😡🤬🤬🤬🤬🤬😡😡😡😡🤬🤬
We buying up all the AMC shares and waiting for The MOASS that is coming bro!!! 🎉🦍👍🤑🎊 2022 January
37:46 - lol that's so funny
What can I understand from this documentary give summary to be millionaire
Not a 2020 documentary
Thanks ❤❤❤❤❤❤❤
Is it a old video I mean 85 million and he has planes ships mansion is it possible today
15 years ago
This stuff's out of date. It was actually made before the 2008-9 crash. A lot of these pratts have lost a lot of money since then. Scaramouchi has since become a politician, hasn't he?
And Durham has become a felon
The 3.5 million tell's the whole story. In the 80's people would say you have it made if you got a million dollars. Now 5 million might do the trick, but I think it would be more like 10 at least for that not have to worry any longer.
The voice of your broadcaster is so annoying
i'm liking China's "Common Prosperity" approach. Forcing and big organisation to contribute back some of that wealth to develop others of society is not such a bad thing
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks is a good idea, a good trading system would put you through many days of success.
All you need as a beginner to make good profit from crypto currency is a professional trader who will trade on your behalf else may make losses
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
And this is the perfect time to invest in crypto currency because of the rise in crypto currency
I will recommend my current trader Mrs Wilson Jane a regulated broker in USA and her strategies are earning a lot of profits for me.
let’s see who makes it from here.
I want Mansa Musa Wealth
This is good news.
Video extremely blurry
3.5 million, 7 million. Just playing with money.
11:43 LOL 6 a.m
what?
@@sourishsaha8067 you dont realize how bright and sunny 6.am looks like in my town
No-one needs 70 cars
false
How you committing a fraud. Then go on national TV and flaunt it. Ego is the most addictive drug.
Jedes Erfinder haben Gesichte & Namen......
The problem is called" keeping up with the wealthy" , its a never ending competition. That's why the Bible states in order to follow Christ we must let go of the world( flesh ). It is the only way to find not happiness, but peace, content, and understanding. Other wise you will constantly chase pleaser i.e. TEMPTATION.
??????????????
Wow 10 Milion Dollar.....
Their suits look like they are from the mid 2000’s
Please give me 1 Free Old Fashionable Rolls Royce.Thank You Derry kind
Hilarious to see the mooch here after his catastrophic attempt at politics under Trump
What are they reading papers if it’s 2020
Crazy Tim is on this video bragging about future jail time. Sad
Those cars are an investment
The mooooch
Their all criminals in one form or another, they've made their money by exploiting others.
Super rich spices
I wonder what they consider "middle class" when describing the upbringing of these people. At the very minimum I assume they mean people raised in mcmansions in the country club with ivy league degrees paid for in full by their parents.
& now they can buy a Joseph Charles Colin $1 a Minute Painting
If only I was middle class and white lol yeah I Know I got a white name lol
"Those who Will Not Learn from History are Doomed to Repeat it..!!" attributed to Plato.. With the growing disparity between the impoverished
Lower classes and the Ostentatious Opulence of the Super Rich in America, I cannot help but think of the similarity between the of the Opulent lifestyles of the Aristocracy in France in 1789, or that of the Russian Nobility in 1917 and those of the impoverished peasant classes.. In Both cases it ended in bloody revolution.. America... The Revolution is coming...!!
they are evil not to leave something for their children. he has 5-6 kids that will be forced to compete with the middle class when ready to look for a job, that aint right. why not build something where these kids can work and employ others. charity aint employing others from the middle class. years of using your children for tax breaks and then you leave them to put in an application at the local corporation, just shows how much the super rich really thinks about the poor.
What I learned from Tim Durham his fraud (yes he is serving life in prison), is that buying things to impress people is a very bad plan. Better to get pride out of being a good husband, father, brother, friend.
LMAO this was released in June 2008
how did that work out for the hedge fund guys huh
LOL it was in 2007. Let’s see the obvious sigh of bubble
Not $22,000 to replace 1 tire
...
😤how can I make a fortune ?
Play monopoly
People need to revolt
Why?
Most people are financially illiterate. They won`t revolt. They will continue to serve.
AMC baby is way of the future.🎊 🐒🎉
lisas grade below
jodi welch brechts hairy toe
bills regular joe
Ich fresse keine davon....
🤮🤮🤮
Well,it makes sense they lived like this bcs it was filmed in 2007. After 2008,this absolutely changed.
The modern hospital connolly beam because nickel clinically crawl after a abortive camel. subsequent, ambitious state
Makes his money the Mason way I think is more like it !!!??
Yes I’m that guy, but the super rich doesn’t seem to have a place for anyone who is black. Maybe it’s not in the genome, but having money as a Black sure does make you feel alone.
there are many wealthy blacks in America you just don’t here about them like a lot of white ones we never here about
As a black man whose parents are from west Africa Liberia 🇱🇷 what in Gods name do you mean it’s not in the genome. An African immigrant would never say something so self hating one of these rich people interviewed stole money from people you can be twice as rich as those people as long as you work hard and believe in yourself.
They are truly pathetic people children starving around the world and homeless people all over the place in America and they pay no attention to it. I’m happily poor I owe no one nor do I harm anyone !
You say you dont owe anyone anything but yet want people who are rich to give their own money to you? That doesnt make anysense. People who are rich are not here to solve your own financial problems, you are responsible for yourself, so stop encouraging homeless people to be lazy, and encourage them to go find jovs and careers thats waiting for them, but no you dont support that.
gregorys sherry
duesenberg dusenberry
auntie snooks cherry
how about christ that might help
These people have ALL sold their SOULS! I don't care how successful you are!!! Nobody can make BILLIONS by doing it LEGIT! That's why in the end they all try to donate it or give it away, so their KIDS are not tied to whatever FRAUDULENT claims are made in the future!!!
Carlos a person can legitimately be rich 🤑 it happens all the time.
@@Bwilli1990 Not BILLIONS buddy! Living well is one thing, having BILLIONS is some cases some of these people have more money then certain countries!!! That is not legit!!!
@@carlosdcardona5676 yes but a person can sell a product and if the the value of the product is more than the price people will pay money for it. Also most billionaires make their money from the stock exchange as long as the stock keeps going up the person can become a billionaire. I am a Christian Jesus says the poor will always be among us. There is a man you should listen to called dr Claude Anderson that wrote two books black labor white wealth and powernomics. Rihanna is a billionaire due to inflation a billion dollars is not that much I guarantee that one day we will have a trillionaire and if somebody invents a product that earns them money good for them it seems that you want to be a billionaire and since you can’t the best thing is to hate on them.
@@Bwilli1990 The stock exchange was rigged for years pal! Ever heard of inside trading?? Get your facts straight! Who do you think almost bankrupted the country in 2008/2009?? Yeah these billionaires and their illegal trading! They made a movie about it called ( Too Big Too Fail ) watch it!
@@carlosdcardona5676 I will agree with you that the stock exchange is just one big gambling casino and I’m the one that likes business. All I’m trying to say that there are good rich people and bad rich people just like there are good people and bad people.
billions and trillions of dollars ibererproductions want
18:15 How does a $1 billion hedge fund with a 10% annual return generate 40 million in fees?
They'd get $20M of the $100M in return and the management fee would be $20M.
Durham now serves time in prison for embezzlement lol
Wow
Excess rarely leads to happiness, although being grateful for what one has, and the ability to help provide for others is golden...
My dad used to say he would rather be miserable and rich than miserable and poor
And that's why you will never be rich
@@jefflanton5617 I suppose if one doesn`t appreciate what they have, then they won`t realise they are rich. Excess could make someone unhappy if they are greedy for more.
You peasant.