Of course, no businessman in his right mind will ever sell the product for the cost of its making. Because there are other costs too, and he needs some profits for himself as well. But sometimes, the price mark-ups are just getting ridiculous. In some cases, the additional products compensate the low mark-up of the main product, and in other cases it’s just the brand that you pay for.
It is widely known that only a small group of people has a giant portion of world’s wealth in their pockets. Every year Bloomberg L.P., a financial company, publishes a chart of richest people in the world. Take a look of 2016’s list as of November 14, ranging from American software kings to Chinese banking giants.
The factors by which countries were included to this list were numbers of troops, budget put into military, total machinery active (ground, naval and aerial), and both past records of battles and future plans for military development.
Warren Buffett owns the second biggest net worth in the world after his friend Bill Gates – over 70$ billion. And you will be amazed about how his journey to this wealth started and how he lives his life since then.
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