Forbes Archives
October 05, 201610 Richest Americans of 2016
You know the names, but do you know just how many billions they're worth?
Forbes: Cyprus Has Already Happened Here
Forbes Media Chairman Steve Forbes weighs in on the global impact and fallout from the small island nation’s serious economic woes.
January 17, 2013Singer: How Congress Crushes the Stock Market
Eric Singer, portfolio manager of the Congressional Effect Fund, a mutual fund based on his theory regarding the effects of Congress on daily stock prices, recently sat down with Steve Forbes to discuss how to profit from an over-eager Congress and how he would fix the state of our legislative branch.
September 18, 2012Peter Peterson: Billion Dollars To Restore American Dream
In many ways billionaire Peter Peterson epitomizes the American dream. He is the son of Greek immigrants. His father Georgios Petropoulos went from railroad dishwasher to running a diner in Kearny, Nebraska. Georgios’ hard work and savings enabled son Peter to attend college, first MIT, then Northwestern and eventually an MBA from the University of Chicago.
Peterson worked his way up the corporate ladder, made it to chief executive of Bell & Howell and then investment bank Lehman Brothers, was named Secretary of Commerce under Nixon and eventually founded one of the most successful private equity firms on the planet, Blackstone Group.
As Peterson approaches 87, he is pounding the table harder than ever about fiscal irresponsibility. He believes profligate spending is turning the American Dream into a nightmare.In 2008 he created the Peter G. Peterson Foundation with $1 billion to raise public awareness about the dangers of high deficits, excessive spending and entitlements. Among other things Peterson is a backer of The Fiscal Times, a news Web site devoted to reporting on fiscal issues.
In the accompanying video Peterson discusses his approach to charitable giving.
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