Barbara Walters Shares 'Billionaire Secrets'
'View' co-host previews special on wealth
- Duration 6:47
- Date Oct 27, 2011
'View' co-host previews special on wealth
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Impact segment tonight more arrests here in New York City last night as He occupy Wall Street protest continues -- -- dozen protesters taken into custody.
To try to block city streets in sympathy with those arrested in Oakland.
California but the subject of money -- that -- fascinate not only those demonstrators but most Americans and Friday on ABC.
Barbara Walters has a special called billionaire secrets what they know that can change your life that'll run on 20/20.
-- joins us now from the ABC's.
Studios in New York City so good timing here is rich Americans are in the news every day.
Actually speaking of -- making money.
I -- -- making a lot of money in -- Lincoln a book this is an unsolicited.
Testimonial it is a very good thank you thank Walter.
-- I appreciate that.
When you talk to these billionaires yeah you talked to one guy and Paul Mitchell co-founder of -- -- that's they -- people in the cosmetics people right.
I think let me tell you why we picked these people these days and and -- -- right.
I mean that the not just and everything being a billionaire is almost a dirty word yet but we chose for people.
Who started from very humble beginnings and you mentioned John hi John -- -- -- He's just think when his car with the sun because He had so little money I'll tell you -- each of them briefly.
But what we wanted to do.
Was to show you for people who may -- themselves that not -- is that not hedge fund that people who walk onto -- who had fair idea.
Who succeeded you won't tell you may be what it takes I -- and giving back.
And besides I happen to be very interesting and detaining people.
-- you know this -- about a man on -- people can watch your special but this theme of it is listen.
These -- bowl -- succeeded in our capitalistic system.
All right and -- risen to the top here's what they did that you might learn from.
And your own life okay so we like that that that's all positive it's all a positive.
But the subject of money now and America has taken on political implications.
Yes and you know you're wealthy woman I'm a wealthy guy.
Are you started you your father was a little bit more elevated He was a kind of let's just -- -- I think I know plus every last seven.
I think -- -- that was that helped me because I had to work.
It wasn't you know -- I would it's such an up I don't I had -- -- that's part of the story of these people to they have.
I wanted to ask you do you feel guilty about money because I don't feel guilty about money I give -- a lot of way.
But what if I if I can do something you know and and I have I -- all man I have ordinance only I don't feel guilty about work forward and I didn't.
Heard anybody to get it.
I don't think that we should feel guilty and I don't think that's what some watches are talking about they're not saying that then have you -- -- but I did you have been successful should feel guilty.
What they are saying is that a certain aspects of violent society.
Where they feel they were taking advantage of where they feel that things should change where they want -- a different things in government are different things and in the financial area that should be changed not.
We -- capitalistic society -- A lot of those people don't want us to be they want us to be -- I socialistic.
And I have rules and regulations about yeah I don't think that's true I think they're all different groups of people -- were marching.
And that they are saying we need to have some changes some of them don't want changes some of them you're carded generalize about any group with the feeling that secure that is coming across I don't think that's saying we want socialism and I think -- think -- be happy little wiped out we don't want anybody to be successful.
I think I'm a vegetarian I don't want -- government didn't control the.
Success and to distribute this -- so you see a difference between these people in America and of people in Greece.
And Italy were basically blowing things up because the government saying you know what we can't give as much as we used to give you.
And they're gone wild because they want that socialism you see a difference between the two groups.
Well I've we have not this country and we and -- recently and I was at the -- -- that.
-- you know they have their problems England has -- problem -- most of the countries in the world not in the western world.
Primarily have their problems it's not I don't see -- the difference I don't think that every -- wants a socialist country.
I think what they want is changes in the financial world may be some things that help them get jobs I don't think -- saying if you make money than you know good.
Because most of them would like to work most of them would like to make money most of them would like to support their families so I don't want this blanket -- Iowa limiting go to work -- K magazine these guys he's only has six according New York Times now -- What about one of the people who was giving capitalism a bad name is Bernie Madoff this.
-- all right now you went to prison and you interviewed Madoff without a TV camera so you don't have any.
Actuality he's there.
Let me tell you that you why did you do that.
TV cameras are not allowed in the president.
And not a hot type report is about Bernie -- can make collect calls and be.
And being recorded.
I think this is unfair to electronic journalists you can come with a pad and Paper and write anything down but Japan's commitment -- -- -- -- But that's not something that I'm in charge that's something that's -- Madoff told -- let me finish may have told me things that I could write down.
And then call them exactly.
Right and that is what.
I did -- one of those exact cause antibiotic.
One of the things that He told you was.
It isn't really feel bad about the people He defrauded He feels bad his family had destroyed and turned on and but the people at that -- -- the quote that you told Good Morning America was I made rich people richer.
This guy is a Norris this is he's a socio path as He got.
Have definite thing yeah I think I -- -- but in many cases she says that there was doing He was doing eight.
You know He kept people's money He didn't want to admit that He was doing terrible things and a lot of these people felt.
But that that that they should feel guilty took He tried to return the money sometimes I didn't want the money.
They stay with him because they thought you know and I want to -- him around and I'm ya ask me what He said -- reporting I'm not -- -- -- but you -- -- dog back.
I don't sympathize with -- -- I I don't when I'm reporting -- something I don't make character judgments you can't sympathize of this man He did terrible things when I was trying to say is.
This system here is some of the things she -- -- amazing to me.
That he's happy ending in prison because for the first time in sixteen year is He feels safe he's not afraid.
The people -- look after him especially the young people who thinks that went -- in prison this was a chance to see a portrait of the man.
Okay it -- Walters has always will watch point -- -- Friday night for the billionaire special thanks we appreciate it directly.