Compare Your Income To Sam Zell's Net Worth (VIDEO)

Real estate investor and much-reviled Tribune Company owner Sam Zell is worth around $5 billion, making him the richest man in Chicago in 2008, according to Crain's Chicago Business.

Plug in your salary here to see how many times you would need to multiply it to equal the brash mogul's net worth. For a window into how Zell made his billions (at least before his media adventure), Forbes detailed his Five Investing Rules.

And here's video of Zell offering some choice words for an Orlando Sentinel journalist who questioned his editorial vision for the paper:

Comments

[quasar]

I'm a puppy and I do not like him.

[brownstoness]

FINANCIAL INDEPENDENCE DAY - STARVE THE BEAST

We're udnergoing a delveraging process. Expect the DJIA to bottom at 5000 or lower.

Americans are starting to come to their senses. The savings rate reached 6.9% last month,
the highest level in 15 years. This brought the level up to the long-term average. As usual,
the pundits on CNBC have concluded that now that we've reached the average, everything is
roses and the consumer can resume their free spending ways and save our economy. These fools
have no concept of history, averages or cycles. The savings rate has been in a downward
spiral for 30 years. Consumers have lost $14 trillion of net worth and 5,000 per day turn
65. Most people have miniscule retirement savings and 14.7 million are unemployed. The
savings rate will go up for the next two decades as people must save.

hat tip to: http://iamned.blogspot.com 4 the good articles

[getoffmedz]

4650.

[MovingtoNorway]

Dante has a special place waiting for him. A true creep

[Chicago48]

Zell bought the Tribune to sell it off in pieces, but the market bottomed out. He was stuck with the newspaper which was housed in the Trib building, which is a historical building. He wants to sell the building. He don't know squat about newspapers.

[jeffp26]

Sam Zell sold his entire commercial real estate empire at the top of the market in 2005. The man deserves what he has, as he earned it risking his own capital, and he is just smarter than most.

[Bude]

Didn't he buy a newspaper? Who buys a newspaper in this day and age? I almost forgot., he also owns the Chicago Cubs, who are the poster child for ineptitude.

[montanadave]

But Zell, "iz eet safe?"

[dukeitout]

He has the misfortune to own the Tribune Co. I believe. Their liabilities exceed their assets by about 3-4 billion dollars. In order to have a positive net worth shouldn't your assets exceed your liabilities? He must have some other really profitable enterprises. Is his net worth really 5 billion dollars; or was this article written by his public relations manager; or does he have many other assets that greatly exceed the liabilities? If he does have 5 billion, do you think he would loan me 150 dollars until payday.

[Bude]

It's not as bad as it seems. If you add the assets and the liabilities, you have a healthy bottom line, and Enron.

[discourse jockey]

Weird calculator tells me my annual income of $3.333.333.334 equals Zell's $5 bn dollars.

[Lahonda]

Sam looked like he needed that lectern... go see a doctor Sam, and retire!

[themodernleader]

Sam Zell utilized the "greatest capitalistic system in he world" to leverage, buy out, dismantle and break up, sell off piece by piece. The Tribune Company, I believe, is in bankruptcy. Good ole Sam could give a damn. He had little of his own monies in the leveraged buyout. Thousands of citizens lives were damaged. A few citizens made big money. Now Chicago is the less.
We are a broken country. Our weath and future reside with a few plutocrats supported by our emerging dynastic form of governance. Our future is no longer ours.

[Scent]

He is one of the people who ruin this nation and the planet along with it. As long as profit is the sole guiding factor life will come second - and fail.

[HekmabaJuzimax]

Must be the apple juice:
http://www.dula.tv/watch.php?file=star-trek-on-acid.flv

[HekmabaJuzimax]

He may have billions more than me, but at least my body is not decaying quite as rapidly as his. Just what the heck am I saying now? Don't tell me.

[DamaskinosWasRight]

Hopefully he can turn around the LA times.