8 Wealthiest people of 1923

In 1923 , eight of the wealthiest people in the world met . Their combined wealth , estimated, exceeded the wealth of the government of the United States (there was no Apple and recession then). These men knew how to make a living and accumulate wealth . It’s very interesting to read about what happened to these 8 wealthiest people in the world , 25 years later …..

So 25 years later…….
1. President of the largest Steel Company , Charles Schwab , died bankrupt, living on borrowed money for five years before his death
2. President of the largest Gas Company , Howard Hubson , went insane
3. One of the greatest commodity traders , Arthur Cutton , died insolvent
4. President of the New York Stock Exchange, Richard Whitney , was sent to jail
5. A member of the President’s Cabinet , Albert Fall , was pardoned from jail
6. The greatest “bear” on Wall Street , Jessie Livermore , committed suicide
7. President of the world’s greatest monopoly , Ivar Krueger , committed suicide
8. President , Bank of International Settlement , Leon Fraser , committed suicide

So, what happened? Where did they go wrong? They most certainly made lots and lots of money. They were very wealthy . But what did they lack then? In fact , as much as they knew how to make a living, they forgot to make a life! Instead, they just made Money! Money provides comfort and status, so true. It also provides food for the hungry, medicine for the sick, clothes for the needy; and shelter for the homeless, yet, noteworthy to mention that is only a medium of exchange.

Our education system needs to share two kinds of education. One that teaches us skills on how to make a living ; and one that teaches us values on how to live life , free from entrapment of chasing after an illusion of happiness. Many people are entrapped in that chase neglecting health , family , the social responsibilities, the environment and moment by moment of real deep fresh breathing . The kids are sleeping when we leave home . They are sleeping when we come home . Twenty years later, we WILL turn back , and they’ll all be gone . Same goes for our health , dreams, and purpose in life . Twenty years later , they will all be gone or a far distant memory .

Without water , a ship cannot move . The ship needs water . Yet , if the water gets into the ship, the ship will face problems and potentially sink. Similarly , we live in a time where earning is a necessity ; but let not the earning enter our hearts ; for , what was once
a means of living , will become heavy chain, an entrapment and a means of destruction !!!??? So take a moment and ask yourself ….

“Has the water entered my ship ?”

Published by VIDYADAAN

When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others. Please share knowledge responsibly.

3 thoughts on “8 Wealthiest people of 1923

  1. Good article. The media continues to worship the “rich and famous”. How many of us care to read stories of good and unknown citizens as opposed to reading about the rich citizens?

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