ZM's Fletch, Vaughan & Hayley - Fletch, Vaughan & Hayley's Fact of the Day (Of the Week!) - Billionaires Week!

Episode Date: February 22, 2024

On This FOTD(OTW); Vaughan dives into the deep wallets of the worlds Billionaires!It's Time For...See omnystudio.com/listener for privacy information.

The ZM Podcast Network. Play ZM's Fletch, Vaughn and Hayley. On today's Fact of the Day of the Week, Vaughn pulls out his checkbook and spends his way through a week of billionaire facts. It's time for... Fact of the day is It's billionaire week That's exciting

Yeah I just was Last night And this was the fact that I'm doing today And then the rest of the week I'm sure I'll find something But I thought When was the first ever billionaire?

Because I don't think, even when I hear the term billionaire, I don't immediately factor actually how much money that is. And then when you break it down, you're like, it was a lot. It's a lot. It's a thousand millions. Yeah, who was the first billionaire? The first ever billionaire was John D. Rockefeller. From Rockefeller. The Rockefeller Center. Yeah, and the the first billionaire? The first ever billionaire was John D. Rockefeller. From Rockefeller.

The Rockefeller Center. Yeah, and the Rockefeller skank. That's so unfair. Can you crank us a little bit, Fatboy Slim, Rockefeller skank? Which I assume must have some connection to... That just popped into my head. I'm going to need to do research on the fly. But surely the Rockefeller skank.

Is that a Fatboy Slim song? Yeah. Yeah. Check it out now. The that a Fatboy Slim song? Yeah. Yeah. The Funk Soul Brother, check it out now. The Funk Soul Brother. Why is it called the Rockefeller skank? The Funk Soul Brother, check it out now. Also referred to as Funk Soul Brother.

Yeah. Must have had something to do with the Rockefeller though. Oh, no, spelled differently. Might have just been a rocking fellow. Oh, it's just great to play the song in the background. Yeah, yeah, great. I had that in the background. Well, it works because it's about John D. Rockefeller,

who is Anderson Cooper. You know Anderson Cooper? Yeah. Attractive, white, silver-haired fox, blue eyes, very handsome man. It's his... I wonder if you marry him. He's related, right? Because his mum was a Rockefeller.

Yeah, he's from Money. Yeah. He's a Nepo baby. Oh, I didn't know that. Yeah. He's a Nepo.. Oh, I didn't know that. Yeah. He's a Nepo. Old Rockefeller money. Okay.

So the first ever billionaire was John D. Rockefeller. He made most of his money through turning crude oil into usable petroleum products. Right. He started that in 1870 and was declared a billionaire in 1916. Holy! That came up in the time where if you were excessively rich, the idea was you wanted your name on as many things as possible when you died, but things that were for the betterment of society.

So you were, like, building, because Carnegie was another, Rockefeller and Carnegie were two very rich. So the Carnegie Hall for opera and music and concerts and everything like that. Yeah.

The Rockefeller Centre and other Rockefeller buildings around New York is where he spent a lot of his money. Trump Towers. You know, give him a chance.

Hear the guy out. Yeah, yeah, yeah. Dick rockets and stuff. That's where your billionaires are putting most of their money. Yeah, they are. Rusty trucks. Those apparent of those cyber trucks from Tesla are getting a bit rusty. That's what you want with your car.

So what would that translate? 1916, did you say? 1916. What's the equivalent now? With inflation. Inflation. Okay, John D. Rockefeller. Has Jared already sent it through?

No. Sometimes Jared's ahead of the ball on these sorts of things. And it's okay that he wasn't in this moment. They're in the stats. John D. Rockefeller, wealth with inflation. Oh, his spelling's not good. Here he is. His spelling's not good.

I couldn't find it. Most sources agree that adjusting from inflation, John D. Rockefeller was the richest American in terms of wealth versus contemporary GDP. Adjusted to 2022,

his fortune would have been $410 billion worth. Jeez. It's an insane amount of money. And he got a must-sum of 300 and something. But his goes up and down so much. Yeah. Because he keeps saying silly things.

And buying Twitter. It fluctuates, yeah. Wow, that is absurd. So adjusted for inflation, he'd still be a very, very, very wealthy man. So much money, isn't it? Yeah. I just want a little bit of it.

Not even like, just a percent. Do you know what I mean? Even if it was just a whole number percent, even 1% of a billion is $10 million. Yeah, that's great. I'll take it off his hands. So today's fact of the day is the first ever billionaire was John D. Rockefeller and he was declared a billionaire in the year 1916. Let it happen.

Let it go. Today's Fact of the Day was it's Billionaire Week here at Fact of the Day. Interesting facts about billionaires. The first ever billionaire we learned about yesterday. Today is the youngest ever billionaire. Hmm. Elon Musk? Nope.

This person inherited their billions. Oh, okay. No idea. Clement, Clemente Del Vecchio is the son, one of six children of Leonardo Del Vecchio, the late chairman of Alicia Luxottica, the world's largest eyeglasses firm. You're Ray-Bans. Oh, okay. The sunglasses brand that you're like, you look into it and they own everything.

Yeah, right. Brands of it. They own, for example, they own Sunglass Hut, OPSM, Oakley, Ray-Ban, lots and lots and lots and lots and lots. A Sunglass Outlet as well. Why don't they just have one store with all of them instead of having seven stores?

The house brands include Persol, Ray-Ban, Oakley, Costa Del Mar, Olivia Peoples, Oliver Peoples rather, and the company also makes eyewear under license for Armani, both Giorgio and Imperio Armani. I'm trying my best there, but I'm well out of my depth. Well, Hayley's away.

She would have done this list. Armani Exchange, Michael Kors, Shravrosky Crystals. They make sunglasses apparently. Tiffany & Co, Miu Miu, Polo Lout, Ralph Lauren, Prada, Burberry, Chanel, Coach Dolce and Gabbana. You know those twins? Yep. They do everything.

Ralph Lauren, Versace. Yeah, they make them for everything. So you can see why this man was extremely wealthy. So wait, he's one of six kids. He's one of six kids. Are the other kids billionaires? Yes, they are. But he's the youngest.

He was 18 when last year on June 27th, his father, Leonardo del Verchia, died at the age of 87. Oh, could you imagine being 18 and getting a billion something dollars? Yeah, my dad. That not good things would have happened. 12.5% share in the company netted him 4.2 billion US dollars. And at the age of 18 that's uh what he inherited so his stepmother six siblings everybody got a slice and his was 12 point um 12.5 percent

and his net net worth is 14.2 billion dollars he's 19 now so that's insane could you imagine bourne smith living in hamilton being 18 getting $4 billion? 18, I was in Auckland studying broadcasting. Oh, okay. Living in Wairau Valley. Yep. Trayas Road, if anybody's familiar with the area. You could probably have purchased quite a few blocks. The whole road.

You could probably have purchased the entire Wairau Valley back then. Well, yeah, for that price, definitely, definitely. But yeah, so this 18-year-old, now 19, is the 818th richest billionaire in the world and the youngest person to ever become a billionaire. That's wild. Literally have the money. Not be rich by having a rich parent. Having a rich parent that died so that the finance is actually under your name.

Still a nepo baby though, right? Absolutely. Okay. So today's fact of the finance is actually under your name. Still a nepo baby though, right? Absolutely. Okay. So today's fact of the day is the youngest ever billionaire became a billionaire at the age of 18 when his father, who owned all of the sunglasses you could ever imagine, passed away. Play ZM's Fletch Vaughan and Hayley. Play ZM.

Today's fact of the day is, well, yesterday, Hayley, it was the youngest ever billionaire. I know, I was listening. It was the first billionaire. Oh, you were in your car, you were listening. I was listening to the show. Honestly, as a listener, it was such fun. Great. Thanks for joining us.

Because you got to Skype off early. I did get to Skype off early and I was listening and I was texting into the show and it was bloody fun. It was really fun. Well, today I've got... I'll say you almost don't need the woman. You almost don't need the third. Great banter between just the lads.

Right, right. You're just trying to talk yourself out of a job. I'd just like to knock off again early. I might pop away, actually. Well, we haven't talked about docking your pay yet. No, no. So maybe don't. So today's fact of the day is about the oldest person to ever become a billionaire. Oh. Oh, actually. Well, we haven't talked about docking your pay yet, so maybe don't. So today's

fact of the day is about the oldest person to ever become a billionaire. Oh, okay. The oldest person to ever become a billionaire is Changyong Chung. He is a shipping magnate. So he'll just be walking along and things will stick to him.

Yeah, ships. It's not a magnet. He'll draw them out of the ocean. As long as they're metal. He's just in the supermarket and tins of soup will stick to him. Yeah. If he walks into a cutlery store, watch out.

God, you don't want the tip. He walks past Mr. Minute. Oh, Jesus. Very, very dangerous. Sorry about this, I'm a shipping magnate. I apologise Jesus. Very, very dangerous. Sorry about this. I'm a shipping magnate. I apologise. This happens all the time.

Very, you silly boy. He is silly. So in World War II, when Japan invaded China, that's right, he's got a World War II reference in there because he's back at World War II. He slipped that by us. His family fled to Singapore. And then after the war, he got into business.

He started, first of all, doing some rubber. Okay. And then it wasn't until later in life that he got into shipping. So it wasn't until in 2014, he, at the age of 92 years old Yeah Wow He became a billionaire So he sold his share or his company? No, it was just his company became more valuable

And his shares in it were totaled at 2014 It ticked over a billion What's his company like? Do we have seen the logo on a shipping container somewhere? Pacific International Lines, PIL. Oh, yeah, probably. Surely, probably. Feels right.

I'm seeing some ships. Keep an eye out. So it went up to $2.7 billion in 2015, and then it went down again in 2020. I don't know if you guys remember that. COVID and everything. I remember the year well. And he died in 2020 at the I don't know if you guys remember that, COVID and everything. I remember the year well. A bit of everything.

And he died in 2020 at the age of 102. Wow. Yeah. But he would have been still living all right pre being valued at that, or no? No, he wasn't poor. He was in his millions, but he didn't become a billionaire

until he was in his 90s in 2014. It's almost a bit of a shame, isn't it? What are you going to do? Just hand it over. You'd have pretty good handles in your shower by then. Oh, yeah. Oh, you'd have best. Gold-plated handles.

You'd have a nice sticky mat on the floor. Oh, my God. I mean, how nice can the sticky mat be, though? I guess us povos will never know. We'll never know. Billionaire, you could have a new sticky mat every day. You'd have a lift. You'd have a lift.

Yeah. Walks into Bed Bath & Beyond and they say, Sir, it's straight to the Beyond section for you. Yeah. Yeah, wow. Sir, if you'll follow me. I've never been to Beyond. Take down the little velvet rope and take them out back.

Got to be a billionaire to get into the Beyond. I've only been to Bed Bath. Because I'm doing all right, but not Beyond good. Not Beyond. Definitely not. So today's fact of the day is the oldest person to become a billionaire did not become a billionaire until he was in his 90s. Today's fact of the day is that there are 3,194 billionaires in the world

and only 11 are openly homosexual. And only one is transgender. That is really limiting the odds for a billionaire sugar daddy for the gays, isn't it? Yes. Sorry, gays. It really is. You've got your Giorgio Armani. Is he a billionaire?

Yep. Eight billion in US. That's down a little bit. Peter Thiel. You know the guy? Oh, yeah. Doesn't he have a place here? Yeah, in Wanaka.

There was a big deal about him. He is a gay man. Who is he? So this is on the Wikipedia page, LGBT billionaires. Okay. And it says name, net worth, LGBT identity, and where they've got their citizenship. Peter Thiel, former CEO of PayPal.

Yeah. So it says Peter Thiel, 3.3 billion US dollars. Gay man! Oh, okay. Who else? I don't know. Gabbana, Stefano Gabbana. That's the last half of the Dolce and Gabbana.

Dolce not as rich. No, not gay. Oh, okay. Yeah, sorry. Not gay. Stefano Gabbana, gay man, residing in Italy. Okay. Tim Cook? Apple? Apple, okay. Yeah, sorry. Not gay. Stefano Gabbana, gay man residing in Italy. Okay. Tim Cook?

Apple? Yep. I did not know he is a gay man. When did you miss that? I missed the memo. Yeah, there was an update. I didn't get the newsletter. It came out in the update.

Oh, guys. iOS gay 1.2 or something. Guys, Dolce is gay. Is he? Yeah. But he's not a billionaire. Is Dolce a... Oh, I do apologise.

He's a couple of places apologise. Domenico. He's a couple of places up. Oh, okay. Domenico Dolce. Okay. I would have put Dolce right next to Gabbana. Embarrassing that one of them's more rich, hey? More rich.

Embarrassing that I said more rich. Embarrassing that one of them's richer than the other. But obviously, May goes first, so that's why Dolce's a bit richer. No, they're not a couple. $200 million richer, about. Oh, they were a couple for many years. Were they? I'd never thought about where the names Dolce and Gabbana came from.

Because do you remember meeting that girl once? And her two dogs are called Dolce and Gabbana. And that was just like the funniest thing I'd ever heard in my life. And I was laughing and she wasn't laughing. And she's like, why are you laughing? I'm like, because it's the stupidest thing I've ever heard in my life. I was laughing and she wasn't laughing. And she's like, why are you laughing? I'm like, because it's the stupidest thing I've ever heard. Like, of course they are. Look at these dumb little stupid dogs.

Of course they're called Dolce & Gabbana. And she was very upset with me. And I wouldn't stop. Sometimes it's a feeding frenzy. Who's our trans billionaire? Our trans billionaire. Thank you very much. Jennifer Pritzker of the Pritzker family.

The Pritzker family most notably known for founding and expanding the Hyatt Hotels empire. Oh, okay. So she's inherited her riches. Is of the family. Jennifer, born James Nicholas Pritzker, is currently 73 years old, is a billionaire, as she has a role in the Pritzker family.

Really interesting life. Served in the US military for a very, very long time. Attained the rank of Lieutenant Colonel. I don't know if my family owned a massive hotel chain. I'd be serving in the army. I'm not going to war. I'd be just hanging out at the pool. Same.

Charging things to the bar. So she has apparently been very philanthropic with her riches. Okay. Has set up various foundations to enhance the awareness and understanding of the importance of the citizen soldier. That family, the Pritzker family, has 11 billionaires within.

She is one of 11 billionaire heirs in the Pritzker clan. Step it up, Sprouls. What's your family done? Yeah, what have they done? So today's fact of the day is the LGBTQI plus community wildly underrepresented in the list of 3,000 billionaires. Play ZM's Fletch Vornanale. Play ZM. the list of 3,000 billionaires.

The last fact of Billionaire Week, and I had a fact about wage discrepancy amongst billionaires. Okay. So how there's lots of people who are just in like the single billions. Yeah. And then there's a massive gap between them and the mega billionaires. Okay. Hundreds of billionaires. Okay. Hundreds of billions. But then I pasted the wrong link.

I pasted a link to a story about Russell Crowe shaving off his beard. And I thought we could do the phone run. How did you immediately make yourself look younger? Yes. Which apparently didn't make the cut for the show. And I'm not hurt by it. But sometimes I wonder why. We've got something way better.

Sometimes I wonder why I bother. But I didn't post the link to the story. So I'm just going to give you another why you bother. Sometimes I wonder why I bother. So I'm going to give you another billionaire fact. You can't Google it. I tried and I can't remember the keywords of what I Googled. No, it's gone. I hate when you forget the keywords or you're using the keywords to try and find it

and you can't find it anymore. And I did it on my other computer so it doesn't tell me the history of my googling on here. Carwin said maybe if you're on time for planning you would make the cut more often. It's not worth it. It's just not worth... That's fair, man.

You make your choices. It's not worth getting up the first time my alarm goes off just to get a phoner on. I've been doing this for nearly 20 years. There's no ego in me not getting content on the show anymore. Yeah. Does he care? He cares.

He cares-ish. He cares-ish. He cares-adjacent. He cares-adjacent. He cares light. He cares free trial for 30 days. He cares no bags. Yeah.

He cares no bags. Yeah. He cares seat only. He's still going. He's still going. But he doesn't care that much. He's got other shit going on. He doesn't need the movies and a chicken dish.

He's got a septic tank to shoot my dudes. He's taking up a lot of grey matter. He can't cares premium. He cares light. All right. So I've just found another fact.

I'm going to chuck it instead. Okay. It better be good though. It's the last one. It is. It's about the makeup of billionaires. 90% of billionaires are men. Classic.

It's men again, isn't it? Wow. Wow. Wow. 90% of billionaires are men. Wow. That is a billionaires are men. Wow. That is a patriarchy at play. 65% of billionaires are...

White. White, correct. I like this game. And 60% of billionaires are... Straight. No, way more. Remember yesterday we literally read out a list of openly gay billionaires. It was like 11.

Gay billows. Gay billows. Gay billows. I mean... Well, he was the gay billionaires. It was like 11. Gay Billows. Gay Billows. Well, he was the one that took the ring to destroy it. No, he took the ring. Bam Billow, but it's a gay billow. He had to destroy the one ring, didn't he? Was it over the age of 50?

It's me, Gay Billows. It's me. Gay Billows, Baggins. Why I never. I got to go get the ring. What's one I get to go get ring for? I'll just get the ring. What's one I get go get ring for? I'll just make another one. I've got so much money.

Over the age of 50? And that one's very plain. Are old? Yes, correct. 60% of billionaires are 60 years old or older. Old white men. Old white men. Which is great news for me.

I thought you said this was going to be a fun fact. Already male. Already white. Already getting older. Getting older all the time. Which we're older than when you first started that sentence. You just don't care enough to turn up to make money though is the problem, isn't it? That is a problem.

Yeah. And I can't inherit it from my parents because they don't have billions. Yeah. Even if you won Lotto, you wouldn't be a billionaire. I know. Unless you won mega billions. You'd have to gamble your lotto. That would be a really interesting fact.

How many billionaires? One there. There are no lottery. Even the American lotteries, they drip Fiji money yearly. Yeah. So you would never be able to invest enough. Be a millionaire. Biggest lottery win.

Biggest lottery win evergest lottery win ever Was Holy moly The Powerball in the United States Hold the world record for the largest prize ever Awarded the prize top to 2.3 billion Australian dollars 1.586 billion US dollars That's awful But they would have paid

You can't do that to someone It was spread between three ticket holders In January 2016 So they all got Half a billion dollars each Half a billion US dollars So they're half a billionaire 500

You're half a billionaire Poor So today's fact of the day Is if you were an old white man Chances are A little higher for you That you're a billionaire Fact of the day, day, day, day, day.