Archive for category Rich People
Girlfriend Toy: Most Expensive Hello Kitty Item
Fashion, Luxury Guide, Rich People, Toys for the Rich on September 14, 2011
Every little girl has an obsession with Hello Kitty. And as girls become women, they still gravitate towards Hello Kitty merchandise. More than 35 years ago, Yuko Shimizu designed the timeless and iconic Hello Kitty character. Over the years, the image has appeared on all kinds of things form an Airbus Jet to wood pencils. But in 2009, Saniro, the company that produces Hello Kitty, decided to take the brand to a whole new level. As part of Hello Kitty’s 35th anniversary, Saniro commissioned Swarovski and Japanese jewelers I.K. to create a Super Hello Kitty Jewel Doll. The piece is 4 inches tall, made of solid platinum, and covered with 1,939 pieces of white topaz, 403 pink sapphires, and the signature bow is made of a 1.027 carat diamond. The Super Hello Kitty Jewel Doll was unveiled at the Baselworld jewelry show in Switzerland and is valued today at a cost of roughly $167,000 USD.
Francis Ford Coppola’s Rich Taste in Wine
Celebrity News, Luxury Guide, Rich People, Toys for the Rich on September 13, 2011
Aside from being a world-famous Hollywood director, Francis Ford Coppola is also a world-famous wine connoisseur. You may know him for the Godfather Trilogy and recipient of various Academy Awards, or you may know him as the owner of Francis Ford Coppola Winery and producer of various wines: Chardonnay, Pinot Noir, and Cabernet Sauvignon. This week Coppola is getting a lot of attention for some vintage bottles he’ll be auctioning at Christie’s in New York, one of which is a 1941 vintage bottle of Ingelnook, estimated to fetch between $8,000 to $12,000. There will be more than 300 bottles of expensive wine for sale at the September 24th “NYWinesChriste’s” event that will be hosted by Christie’s auction house in New York. Here is the auction catalog. This is probably the only chance you’ll ever get to partake in a bottle from Francis Ford Coppola’s personal vault.
5 Men Who Married Rich Women
Rich People on September 12, 2011
Turns out women aren’t the only ones who can marry rich. In this article, we’ll look at 5 men who successfully turned the stereotype on its head by marrying women in a higher income bracket. Though some of these couples are no longer together anymore, these guys were at the front of the pack, in terms of being trend setters. And in a modern world where women are getting higher educations than men, are working more hours, and are beginning to get paid more, why not?
1) Man who married a rich woman: Kris Humphries & Kim Kardashian
While Kris Humphries is a rich boy and professional basketball player, his wealth is paled by the mass Kim Kardashian has accrued from her hit TV show, Keeping Up with the Kardashians. Humphries daddy was an original investor of 5 Guys Burgers in his hometown of Minnesota, plus his $3.2 million a year contract puts him somewhere near $8 million in wealth. Kim is said to easily cover that with her net worth of more than $35 million.
2) Man who married a rich woman: Britney Spears & Kevin Federline
KFed changed his whole life when he got hitched to Britney Spears. Not only did he start a family, and watch her decline into drug frenzies, he became a millionaire. And even if Briney is a crazy gal, she is smart. She had Kevin Federline sign a very strict prenup agreement that left him with a settlement of $1 million. However, KFed does get $20,000 a month in child support payments due to Britney’s battling addiction. So, he didn’t end up so bad in the end. Let’s see 250k per year for 18 years… that’s easily another 3 million. Not bad for a backup dancer.
3) Man who married a rich woman: Chris Judd & J. Lo
When we say, Chris Judd, you guys go, who? Yup, he was a JLo mistake from back in the day. They met during the shooting of one of JLo’s videos and soon married. Judd was the dance choreographer. Not sure what it is about women and dancers. Anyway, when their short-lived marriage ended, JLo had to pay Judd $15 million in settlement costs. Ouch! That is one expensive divorce lesson. Good thing is, she will only have to pay for that once.
4) Man who married a rich woman: Nick Cannon & Mariah Carey
Nick Cannon. Not sure what he ever really did outside of some TV and Drum Line. Mariah Carey on the other hand has one several Grammy and Billboard awards and sold more than 200 million albums worldwide, making her one of the biggest-selling female artists in music history. And while Nick Cannon is somehow alleged to be worth $25 million, Mariah Carey is surely worth at least a reported net worth of $225-$500 million dollars, making her one of the richest women in the world.
5) Man who married a rich woman: Whitney Houston & Bobby Brown
Let’s face it, after New Edition and his short-lived solo career that coincided with the Ghostbusters soundtrack, Bobby Brown didn’t really ever do a whole lot except marry Whitney Houston and do lots and lots of drugs. And while it isn’t certain about how much he benefited, we do know that Bobby Brown was married to Whitney Houston for 15 years and during some of the most lucrative points of her $240 million career. And while their divorce left Bobby Brown with almost nothing, he did have a good run for those 15 years.
Why the Rich Should Not Fear Higher Taxes
Rich People on September 9, 2011
Forbes writer Jared Bernstein recently advised rich people not to worry about possible tax increases under the debt crisis. Of course, he was backing his opinions by one the richest men in the US, Mr. Warren Buffett. Conservatives cite 2 specific reasons why the rich should be concerned: a) rich people pay most of the federal income taxes; b) rich people create jobs, so if you tax them more, they won’t hire as many people or grow the economy.
Apparently, Bernstein and Buffett agree, it’s just not true. As to point a, the rich have actually paid considerably less federal taxes than in the past and still less (percentage wise) than people with a lot less income. In response to the second point, b, they would say that just because people get taxed more, doesn’t mean they can’t make more money to cover the losses. Further, the bottom line with any business is to grow. If the money allows it, then businessmen do just that. So, again, there is no reason to believe that would philosophically change with a tax increase.
In the end of the day, the government is broke. Many expert economists point to some overspending, but by a much larger margin, they agree that the federal tax rate is too low across the board. As the US grows, so will its necessity to fund basic programs, and unless something is done to pay for that, we will all end up in a deeper debt. Read the original Forbes article here.
Chineese Billionaires Doubles in 2 Years
Rich People on September 7, 2011
According to the “Hurun Rich List,” China now has double the billionaires it did 2 years ago and is closing the gap quickly on the US. In 2009, it was reported that China had 130 billionaires. As of 2011, China now has 271 US-dollar billionaires making it the country with the 2nd most billionaires behind the US, which has about 400 total billionaires. Experts agree that the recent boom of billionaires in China is due to the spike in public stock offerings companies are now offering from China. So, who is the richest Chinese person? His name is Liang Wengen. He is a weapons plant manager and worth an estimated $11 billion. To the ladies out there looking to date wealthy, you may want to set your sights to the far East and start talking some courses to learn Mandarin.
3 Luxuries Every Rich Man Has To Have
Luxury Guide, Rich People on August 30, 2011
Luxury is automatically associated with the wealthy. For most rich men it is all about showing off what you can afford; whether it is purchasing the biggest home on the block or a personal jet plane. There are some over the top luxury items that are not needed by the wealthy, and then there are some that are an absolute must have.
Here are the 3 Luxuries Every Rich Man Has To Have:
1. Personal Chef:
Wealthy men are busy professionals that do not have the time to come home and make dinner each night. This is where hiring a personal chef becomes a necessity for the rich man. He can now come home from a long, stressful day of work and enjoy a fresh, home cook meal to his liking. This will only cost him about $80,000 to $150,000 yearly.
2. Staying In 5 Star Hotels:
These types of hotels only offer the best in customer service. You can expect clean and upgraded rooms. Most will have a flat screen TV, jacuzzi tub, liquor bar, upgraded kitchen, and separate living space. The finest bed sheets that is available on the market for a perfect night rest. Prepare to spend around $30,000 for a week’s worth of relaxation.
3. Classic or Exotic Car:
Purchasing a exotic car is one of the first luxury that any rich man wants. It also doubles as an expensive toy he can show off to his date for the night. Most rich men take pride in driving their vehicle while others might choose the option in hiring a driver. To purchase a exotic car can run anywhere from $200,000 to $400,000.
Marrying Rich is Bad? Really?
Rich People on August 29, 2011
Women’s Health Magazine recently released an article titled, “Why Not to Marry Rich,” in which they argued that because of the economical trend of women making more, they are marrying poorer and are much more happy. The article went on to outline several small studies that supposedly showed poorer men were more likely to be faithful and more socially likeable. However, there were a few things that the studies didn’t account for. Like the fact there are way fewer wealthy men compared to average earners, and of course, the generalizations.
Because a few rich guys weren’t as likeable in a particular social setting, doesn’t equate them to being less likable than average earners in a general way. Also, with the generalization of infidelity, only 2 things can be said: 1) all men cheat proportionately (and that’s based on the fact that every sample ever studied is random and anonymous for obvious reasons); 2) rich men seem to get caught more, but that’s because everyone knows who they are, as they are usually important people. And while we know why people hate on rich men, is marrying rich bad? really?
Well, we’d have to say that depends on the gal. If what’s important to her is a well-educated, sophisticated and successful wealthy man as a partner, then the answer is obvious. If having a nice wedding ring, a beautiful wedding, and a big, comfortable house is important, then again, the answer is obvious. If a privileged life with great schools for her children and lots of personal time with her kids is important to her, then we also know what the answer is. All the while that woman doesn’t need to sacrifice anything to marry well. She can still work, be successful and pursue all her goals. So we ask you then, again, is marrying rich bad? really? You tell us… read the original article here.
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