Behind every billionaire there is a story!

Are billions made by hedge fund managers justified? Story of how very few make billions each year!

James Simons, a 69-year-old mathematician who was at the top of the list, earned $1.7 billion, which equaled the amount of money that the federal government spent last year running its vast network of national parks. Down at No. 3 on the list, Edward S. Lampert of Greenwich, Conn., the investor who owns a large chunk of Sears, made $1.3 billion, which, if you forget about taxes, would have allowed him to buy the entire economic output of Sierra Leone. We’re talking about real money here.

read the rest in NYTimes:

http://www.nytimes.com/2007/05/23/business/23leonhardt.html?ex=1337659200&en=943d4ff9a61d5921&ei=5124&partner=permalink&exprod=permalink