BBspot


Archives
 
BBlog
Happy Thanksgiving and a BBeliever Daily Links - 11/10/11 Daily Links - 11/2/11
BBloopers
Fun at Sea
Football Fans
Great College
Top 11
Top 11 Things Geeks Would Do After Being Rescued from a Mine
PC Weenies
The Neverending Story
Gratuity Not Included
Uptime Downtime
Geek Horoscopes
Random Geek Horoscopes
Classics
How White and Nerdy Are You?
Bush Proposes Faith- Based Firewalls for Government Computers
Microsoft Purchases Evil From Satan
Slashdot Story Generator
Which OS Are You?
Teen Using MySpace to Lure Bands to Los Angeles
The BBook of Geek
Recommended
Fark
[H]ard Folding Team
The Toque
Worth 1000
Joe the Peacock
PC Weenies
Mental Floss
Smashing Games
Free Codecs
SlushFactory
Geek Press
Wil Wheaton
Jonathan Coulton
I-Mockery
Um... Things
Jokes Gallery
Funny Pictures
More Links

Wednesday October 4  1:12 PM EDT

Forbes 400 Poorest Americans

By Brian Briggs

It's that time of year again when Forbes takes a look at the poorest 400 Americans by net worth poor_man.jpg (13591 bytes)as of September 30th, 2000.  Once again the list is dominated by internet investors.  It also took a lot less this year to make the list with Greg Franks at #400 with a -$26,000,000 net worth.  Several names are off the list this year as bankruptcies cleared off a lot of last year's top contenders.  On this year's list there were 217 internet stock speculators, 87 compulsive gamblers, 54 drug users, 28 overclockers and 4 compulsive shoppers.  We'll profile the top 3 poorest Americans starting with William Draper II:

 

William Draper II: -$1.34 billion William didn't even make the list last year but, his bet on Priceline at the beginning of March paid off big when Priceline's stock plummeted at the end of September.  His highly leveraged bet lost $235,000,000.  "It probably wasn't a good idea to take that 14th mortgage out on the house, but I had a really good feeling about Priceline and the chart looked good," said Draper.  Draper's other picks were just as fortuitous and catapulted him to the top of the list.  William spends most of his time contemplating whether bankruptcy or suicide is a more preferable solution.

Scott Ellis:  -$894 million - Scott parlayed a gambling and Beanie Baby addiction to make it to #2 on this year's list.  "I owe a lot of people a lot of money, most of them not so nice people," said Scott.  When Scott isn't running from his bookie he's on the prowl for the latest Beanie Babies on eBay.

Bernie and Evelyn Johnson: -$638 million - Another internet stock winner is Sanitation Engineer Bernie Johnson. His big bets on Kana Communications and CDnow paid off big to make it to #3 on this year's list.  Bernie is talking to lawyers about declaring bankruptcy, and wishes those "damn credit card companies" would stop calling him about getting paid.  It also helped that Bernie's wife Evelyn is a compulsive shopper, "It's really easy to get credit these days.  I have over 164 platinum cards that are maxed out!"

More Tech News

Recommend this Story to a Friend

Previous Story:

Warez Hut Changes Piracy Policy
Next Story:

Rejected Top Level Domains

 
 
RSS Feed Subscribe
Follow on Twitter Follow Us on Twitter
Facebook Fan Us on Facebook
Google Buzz Follow Us on Buzz
Amazon Find the BBook

 

  Politics Contact FAQs
A
D

sharepoint survey web part - make money online

Copyright 1999-2011 by BBspot LLC
BBspot is a tech satire news and geek humor source, and meant to be funny.
If you are easily offended, gullible, or don't have a sense of humor, we suggest you go elsewhere. Those without the geek gene activated should also avoid this site.