Thursday, March 19, 2009

Rags to Riches

Have you ever seen a show on VH1 called "The Fabulous Life?" It's basically a quick run down of celebrities' outrageous spending. From multi-million dollar mansions to multiple thousand-footer yachts.
Just today I watched an episode of this show that focused on the "rags to riches" stories of some of today's wealthiest people. From Ibrahimovich's orphan beginnings in a little town in Russia and ending up the sixth richest man in the world, to Oprah's amazing story of success and over spending. The overall feeling of the show is one that creates simultaneous feelings of dreamy fascination and the greenest of envy.
The best part of the show was the end section where they turned the tables and began discussing "Riches to Rags" stories. How does Mike Tyson go from a net worth of over $300 million to having a back account that makes mine look healthy. Well, you might cite the gold-digging wives and lack of prenuptial agreements, or the bad investments in real estate, but really, it's $300 million.
They mentioned another ex millionaire actress that misspent a similar amount of money in record time to end up poor and our of the biz. This girl bought a town. That's right, a town. What the hell does anyone need a town for, or what do you do with your own town, who knows. But one thing's for sure, it's a great way to waste a lot of money.

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