@ Evil Auditor
By strict definition and use, it is still incorrect to say half (50%) will be blow median as median indicates the point where there is equal chance of being above or below that point: Not a 50% chance. As I said: There will be people ON the median point who are therefor neither above nor below it therefor less than 50% will be either above or below.
IQ is the most commonly used means of determining relative intelligence of subjects meaning it's simply a convenient, easily understood concept for purpose of illustration.
True, I did imply he was very intelligent, and I cannot support that as a claim, other than to point out he started poor and built his career through hard work, a little luck and a lot of showmanship and that does take intelligence. So perhaps settle at 'not stupid' and certainly above the median?