James Packer with wife Erica BaxterAccording to this news, even billionaires are feeling the effects of the economic crunch.
James Packer, formerly Australia’s richest man, had put up for sale his $50 million The Mangusta 165 yacht, postponed the delivery of his Boeing private jet and left unfinished the construction of his $3.7 million swimming pool and pavilion in his vast and sprawling estate in North of Sydney, among others. During the previous year, his wealth has been reduced from $6 billion to $3 billion, landing him only in the third spot of Australia’s richest men, after having been on the top for 21 years. All of these reportedly caused him to suffer depression, gain weight and shy away from the public limelight.
Oh well, the life of the rich and the famous. They do have a different level of worries from the rest of us lesser mortals. While we worry about keeping our jobs in order to earn to pay for our mortgage and bills, they worry over the loss of their shiny expensive toys, even if there’s still more left. It must be so hard to have only $3 billion in assets. And I thought that having that much money would be more than enough. Apparently, it’s man’s nature to never stop wanting more. When you have $3 billion, you’d want another $3 billion. And when you get that, you’d want twice as much or even more. Now, he should try having only ten bucks to his name. I just can’t imagine where that would find him.
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8 comments:
Hi Dee,
thanks for dropping by!
and for the comments.
i also read a news similar to that.
but this time, the rich man borrowed money, spent and gave them to his employees then killed himself. I'll just check if that news is true.
But if so, it's so sad!
how I wish this crisis will soon finish. If I can feel the effect, what more the least fortunate ones?
anyway, we all have to thank God we are still alive, right? and in good health!:)
have a nice day!
Hi Dee! There's been a lot of news about billionaires lately. This tidal wave of crisis has turned up a lot of dirt floating about in the news. But it's those at the bottom who are the ones to lose their jobs first who are the bigger victims.
Hello Dee.. Im back visiting you here.. Thanks for the comments.
I heard about this news too..indeed, its not only the poor or middle class people that are being affected by the recession.. I guess, its everybody.
But the effects are worst if you belong to middle class and of course Poor class hahaha.
That is why I dont like worldwide crisis. It does not choose its victims. I like your page. Care for exchanging links? Please do reply if you're interested. Thanks!
Elizabeth: Very well said :). That's so true. We'll just stick to what's important. The story about that man was so sad, though.
Karmi: Yes, it's the ones who are in the bottom of the food chain, so to speak, who's going to get badly affected.
Hi Umma. That's true. The effect trickles down real bad.
Thanks too. :)
Jill: Hello Jill! Thanks for the nice comment and for visiting my site. I tried making a comment at your site but it won't let me. Do you have any idea about that? :)
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