The Richest Man in Town – The Twelve Commandments of Wealth by W. Randall Jones, the founder of Worth Magazine, is one of the great business books I’ve read this year. It profiles some of America’s most successful self-made super-rich, focusing on the richest person in towns throughout the United States, offering insights into how they made their money and their advice for someone who wants to follow on the same path.
The book offers some unique insights, such as explaining that a vast majority of the nation’s millionaires do not live in metropolitan hubs such as New York and Los Angeles.
In fact, according to the book, 81% of the richest men in town are doing business from their hometowns! They are deeply rooted in the community and have often lived there their entire lives or at least several decades. W. Randall Jones seeks to prove, by way of examples, that you can build a billion dollar fortune in any town in America. (Who’d have thought the biggest and most powerful retailer in the history of the world would have come from Bentonville, Arkansas, population 19,730?