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36-677: Young women from all over the United States and from around the globe are brought together at the ball and the surrounding parties, including daughters of presidents of the United States , billionaire businessmen, diplomats, nobility , ambassadors and governors. Over the years the ball has benefited numerous charities from the International Debutante Ball Foundation including the Soldiers', Sailors', Marines', Coast Guard and Airmen's Club of New York ,

72-607: A ball which "most young women nowadays will never attend" and which has largely become a "who’s who of the upper class", with daughters of US Presidents, billionaire businessmen, European royalty, US governors, and diplomats receiving invitations. The scene at the International Debutante Ball has been described as a "Gatsby-style splendour in Manhattan's Waldorf-Astoria" (referring to F. Scott Fitzgerald 's The Great Gatsby ). In order to be presented as

108-412: A billionaire. The top 10 universities produced just 99 of the top 400 billionaires combined, significantly less than the total number of billionaires who were not college educated. Military service produced 21 billionaires, more than any single university. Very few college-educated billionaires pursued business interests in their field of study, with the exception of computer science majors. All twelve of

144-602: A debutante at the International Debutante Ball, debutantes must be recommended by a previous debutante of the International Debutante Ball. Debutantes must also be accepted by the Chairmen of the Debutante Committee of the International Debutante Ball and be able to afford the debutante presentation fee. Once chosen, each debutante is required to donate at least $ 22,000 to various charities for the US military supported by

180-577: A net worth of at least $ 100 billion. According to the UBS/PwC Billionaires Report 2019 report released in November 2019, there are currently 2,101 U.S. dollar billionaires worldwide, from 66 countries, with a combined net worth of $ 8.5 trillion. Also according to the report, billionaires have a substantial positive impact on the sustainability and success of companies controlled by them. Billionaire-controlled companies listed on

216-404: A result of death or divorce, including Julia Koch , and Jeff Bezos 's former wife MacKenzie Scott . From 2014 to 2019, the number of female billionaires grew by 46%. That is more than the number of male billionaires in the same period (39%). As of 2019 there were 233 female billionaires in the world, compared to 160 in 2013. Billionaires come from a very wide number of backgrounds. A review of

252-712: A social club for members of the United States Armed Services . The International Debutante Ball is considered one of the most prestigious debutante balls in the world. The International Debutante Ball was founded in 1954 by socialite , philanthropist and humanitarian Beatrice Dinsmore Joyce, who was dubbed as the 'Duchess of Debs' and the 'Grand dame of debutante balls'. Joyce was inspired to create an American debutante ball after hearing Consuelo Vanderbilt make an observation about debutante balls and how lucky girls are who travel to debutante balls in different countries. The band leader Lester Lanin played

288-586: A unanimous vote of the Electoral College. Grover Cleveland served two non-consecutive terms and is therefore counted as the 22nd and 24th president of the United States, giving rise to the discrepancy between the number of presidencies and the number of individuals who have served as president. The presidency of William Henry Harrison , who died 31 days after taking office in 1841, was the shortest in American history. Franklin D. Roosevelt served

324-423: A young woman has been presented as a debutante at the International Debutante Ball, she is considered to have become part of an "exclusive organization and club" of "post-debutantes of the International Debutante Ball ranging from royalty to billionaire heiresses from all over the world who all have this debutante ball in common". The International Debutante Ball is considered a "rite of passage" into high society for

360-546: Is a person with a net worth of at least one billion units of a given currency , usually of a major currency such as the United States dollar , euro , or pound sterling . It is a sub-category of the concept of the ultra high-net-worth individual . The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became

396-453: Is considered the "ultimate networking event" where members of the world's elite, rich and powerful meet up and mingle and where their daughters are prepared to enter the world of high society and foster lifelong international friendship with each other. The pink invitation that the chosen debutantes receive is written with gold ink and is therefore sometimes jokingly called the "Golden Ticket". The International Debutante Ball has been described as

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432-740: Is held biennially in the Grand Ballroom of the exclusive and historical Waldorf-Astoria Hotel in New York City ; although from 2016 it has been held at The Pierre in New York City due to renovations and temporary closure of the Waldorf-Astoria Hotel. Each ball is preceded by a number of events, dinners and parties for the debutantes, including the Bachelor's Brunch, in private Manhattan members-only clubs such as

468-411: The 1st Congress convened, political factions began rallying around dominant Washington administration officials, such as Alexander Hamilton and Thomas Jefferson . Concerned about the capacity of political parties to destroy the fragile unity holding the nation together, Washington remained unaffiliated with any political faction or party throughout his eight-year presidency. He was, and remains,

504-577: The Colony Club , 21 Club or the University Club of New York . At the ball, each debutante is escorted by two men: one United States Military Academy cadet and one American civilian. According to New York magazine , the current organizer of the International Debutante Ball stated that "Every young lady should have two men." Civilian escorts of the debutantes are young men of distinction, who are often scions of distinguished families, e.g.

540-519: The Rockefeller family . Each debutante represents her state or country at the International Debutante Ball and a song, e.g. a national anthem or a song associated with the country where the debutante is from, is played by the renowned Lester Lanin Orchestra for the debutante when she is presented on stage. The military escort of the debutante also carries the flag of the country or US state where

576-639: The global population of 400 million. In the same period, the wealth of the richest 62 people between the World's Billionaires increased by $ 500bn (£350bn) to $ 1.76tn. More recently, in 2017 an Oxfam report noted that just eight billionaires have as much net worth as "half the human race". However, the Oxfam report has been criticized for considering debt as negative wealth, which leads to wealthy people with large amounts of debt to be considered poor or not wealthy. These aggregated statistics for billionaires include

612-584: The "Real Gossip Girls" referring to the TV series Gossip Girl about rich upper-class young women from the Upper East Side of New York City. According to Gotham magazine , the International Debutante Ball is the "Ball of the Deb Season" where the "well-heeled of the world" head to. The International Debutante Ball serves as a charity benefit, with money collected benefiting a variety of charities over

648-422: The "crème de la crème of young womanhood". The debutantes of the International Debutante Ball form lifelong lasting friendships and connections with each other. The International Debutante Ball has been the topic of several media, both fiction and non-fiction. Books Movies 40°45′55″N 73°58′19″W  /  40.76518°N 73.97190°W  / 40.76518; -73.97190 Presidents of

684-529: The International Debutante Ball have been dubbed as 'Blue Blooded Socialites', 'the crème de la crème of young women' and 'the next it girls' by the media and 'The luckiest girls in the world' by the New York Observer . The International Debutante Ball has also been dubbed as 'the ultimate debutante ball for young society ladies of distinction' presenting the next generation of eligible accomplished socialites. The debutantes have also been referred to as

720-694: The United States The president of the United States is the head of state and head of government of the United States , indirectly elected to a four-year term via the Electoral College . The officeholder leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces . Since the office was established in 1789, 45 men have served in 46 presidencies. The first president, George Washington , won

756-537: The United States, such as the daughters and granddaughters of President Dwight D. Eisenhower , President Richard Nixon , President Lyndon B. Johnson , President George H. W. Bush and President George W. Bush . Ivanka Trump (daughter of President Donald Trump ) and Sasha and Malia Obama (daughters of President Barack Obama ) have also been invited to be presented as debutantes at the International Debutante Ball in New York City. The International Debutante Ball has therefore been referred to as "the debutante ball with

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792-559: The age of 40, while the list of American-only billionaires, as of 2010, had an average age of 66. Different authorities use different methodologies to determine net worth and to rank them, and not all information about personal finances is publicly available. In 2019, Forbes counted a record 607 billionaires in the U.S.. Over the course of the 2020s, depending on the source and the year, the world's richest person has been reckoned to be Jeff Bezos , Bernard Arnault and family, or Elon Musk . In 2019, 19 people became billionaires. Four were

828-527: The ball. Debutantes who are usually accepted are "women of distinction" who are highly accomplished young ladies in athletics, community service, academics, philanthropy and charity and are from well-connected families. Chosen debutantes are usually between the ages of 17 and 21 years old. According to the current organizer of the ball, the debutantes must be well-known with connections in the New York debutante and high society and as long as 'the debutante has

864-421: The computer science major billionaires worked in computer science, while only half of engineers worked in engineering, and less than a quarter of finance and economics majors ever worked in finance or economics. The most common field for billionaires to enter was sales and military service. According to a 2016 Oxfam report, the wealth of the poorest 95% dropped by 38% between 2010 and 2015, due to an increase in

900-420: The debutante comes from. Each debutante must also greet approximately one thousand or more guests, from a close-knit social world, individually in the receiving line. Due to the fact that there are debutantes representing their own US state or country, the International Debutante Ball has been dubbed by publications as 'The United Nations of Debutante Balls and the private world of polite society'. Gold and pink are

936-434: The education and work histories of the top 400 billionaires shows little correlation between education and success. Nearly 30% of billionaires do not have a college degree, greatly exceeding any other educational background. The most common field of university education was finance and economics, which only contributed to a combined 15.5% of billionaire educations. There is little correlation between any university and becoming

972-680: The equity market returned 17.8 percent, compared with the 9.1 percent of the MSCI AC World Index . According to the authors of the report, this Billionaire Effect is connected with smart risk-taking and willingness to plan and invest for the long term. The majority of billionaires are male, as fewer than 11% (197 of 1,826) on the 2015 list were female billionaires . The United States has the largest number of billionaires of any country, with 536 as of 2015 , while China , India and Russia are home to 213, 90 and 88 billionaires, respectively. As of 2015 , only 46 billionaires were under

1008-923: The longest, over twelve years, before dying early in his fourth term in 1945. He is the only U.S. president to have served more than two terms. Since the ratification of the Twenty-second Amendment to the United States Constitution in 1951, no person may be elected president more than twice, and no one who has served more than two years of a term to which someone else was elected may be elected more than once. Four presidents died in office of natural causes (William Henry Harrison, Zachary Taylor , Warren G. Harding , and Franklin D. Roosevelt), four were assassinated ( Abraham Lincoln , James A. Garfield , William McKinley , and John F. Kennedy ), and one resigned ( Richard Nixon , facing impeachment and removal from office). John Tyler

1044-443: The main traditional colors of the ball. The Grand Ballroom is thus decorated with gold, silver (symbolising elegance) and pink (symbolising femininity) decorations, which Countess Bobrinskoy oversees at each ball biennially, and guests dine on edible gold leaves. The debutantes also receive flower bouquets containing pink roses and golden leaves. The dress code for civilian escorts and guests is white tie and formal wear . The ball

1080-513: The music from the start in 1954 until his last ball in the 1990s. Every guest was given a special "lanin hat". The first balls were held at the Plaza Hotel , with 35 girls from different countries and different states. As it grew with more girls participating, it moved to the Waldorf-Astoria Hotel. Chairmen and Vice-Chairmen of the Debutante Committee of the International Debutante Ball include or have included: The International Debutante Ball

1116-484: The only U.S. president never affiliated with a political party. The incumbent president is Joe Biden , who assumed office on January 20, 2021 . The president-elect is Donald Trump , who will assume office on January 20, 2025. Trump will be the second president after Grover Cleveland to serve two non-consecutive terms, as the 45th and 47th president. General Expert studies Presidential biographies Online sources Billionaire A billionaire

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1152-598: The right connections, she has a chance of being invited'. According to The New York Times , the organiser of the ball stated that the ball does not want any "Tootsie" to participate or join "the club". Debutantes of the International Debutante Ball have been referred to as "members of a special and very select, elite, social group and of a carefully guarded social circle" and they have also been dubbed as "high profile" and " preppy ". The debutantes include royalty, members of imperial families, heiresses, aristocrats and daughters of many political figures including Presidents of

1188-612: The strongest (and bipartisan) ties to the White House ". Debutantes of the International Debutante Ball also include daughters of billionaire businessmen from the Forbes 400 and many Wall Street financiers. Over the years, the International Debutante Ball has presented many notable young women to society, including, but not limited to: Other debutantes of the International Debutante Ball have included members of prominent American and international families, including: Debutantes of

1224-454: The world's first confirmed U.S. dollar billionaire in 1916. As of April 2024, there are 2,781 billionaires worldwide, with a combined wealth of over US$ 14.2 trillion, up from US$ 12.2   trillion in 2023. According to a 2024 Oxfam report, the world's top 1% of earners own more combined wealth "than 95% of humanity". As of October 2024, seventeen people have reached the status of USD centibillionaires, meaning that each has had

1260-463: The years. Chief among the beneficiaries is the Soldiers', Sailors', Coast Guards', Marines' and Airmen's Club of Manhattan, which provides a home away from home for men and women of the United States Armed Services . The ball has also been called "the prettiest sight in this fine pretty world where the privileged class enjoys its privileges", referring to a quote from The Philadelphia Story . When

1296-455: Was the first vice president to assume the presidency during a presidential term, and set the precedent that a vice president who does so becomes the fully functioning president with their own administration. Throughout most of its history, American politics has been dominated by political parties . The Constitution is silent on the issue of political parties, and at the time it came into force in 1789, no organized parties existed. Soon after

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