How to become a billionaire

Steve Martin used to offer his step-by-step plan for becoming a millionaire. “First,” he would say, “you get a million dollars.” In April of 2000, former Wal-Mart CEO David Glass bought the Kansas City Royals for $96 million. Even at the time, that was considered an outrageously low price for a major league baseball team — it was reportedly not even the highest bid on the table. But that whole Royals sale was odd. It went back to an extraordinary man named Ewing Kauffman.

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