Thursday, January 13, 2011

Wealthy Americans Invest where returns are best

As my cousin Fred says, wealthy Americans are looking for the best returns around the world. As it should be, freedom to chose and create opportunities with wealth is the best attribute of capitalism. I think that there are some great examples of investing opportunities and successes in America in sports. Look at professional Football for example. Thomas Benson the owner of the New Orleans Saints, purchased the team with a group of investors for about $70 million in 1985 (Forbes 2010 edition reported), it is reported that the team is worth over $955 million.

According to Sports Illustrated Magazine:
40 Tom Benson
New Orleans Saints
Net Worth: $180 Million  - try over $1 Billion net worth according to Forbes Magazine
Born in the Crescent City; age 66. Has 19 car dealerships, two banks in San Antonio and a 2,000-acre farm in Johnson City, Texas. Granduncle Herbert Benson was a founder of the Sugar Bowl game and the architect of Tulane Stadium. Celebrates wins by dancing a parasol-twirling jig on the Superdome sideline.

What will happen when our newest BCS champion quarterback, Cam Newton hits the NFL. Maybe Daniel Snyder, Owner of the Washington Redskins will have an interest in this prospect. Look at his NFL success see Forbes

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