"In America, every one finds facilities unknown elsewhere for making or increasing his fortune. The spirit of gain is always on the stretch." So wrote Alexis de Tocqueville more than a century ago. Today, Americans are making fortunes as fast and ingeniously as ever. In this week's cover story on the Hot New Rich, we examine how a dozen new millionaires assembled all of these megabucks—and what they are doing with them.
Although we included a few celebrities like Steve Cauthen and Peter Frampton, we asked correspondents in six TIME bureaus to seek out...
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