How to get rich - a cautionary tale

Felix Dennis is the British magazine publisher who brought us titles such as Maxim, Stuff and The Week. Now semi-retired he is a published poet and author. Dennis, who is estimated to be worth around $1.2 billion, recently published a book in which he shares his secrets with us. From the point of view of his personal and family life, he did it the hard way - he might regret that now, but he sure had fun doing it.

In the book, Dennis summarises his ‘league table’ of prosperity:

Total assets -  

$2m-$4m The comfortable poor

$4m-$10m The comfortably off

$10m-$30m The comfortably wealthy

$30m-$80m The lesser rich

$80m-$150m The comfortably rich

$150m-$200m The rich

$200m-$400m The seriously rich

$400m-$800m The truly rich

$800m-$2 billion The filthy rich

More than $2 billion The super rich

So how rich are you? If you don’t make the league table, this book is a great way to get started!