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Old money is inherited money. New money, the New Rich, is self-made money. It includes company founders with equity fortunes, and top CEOs with mega salaries, bonuses and stock options.
The wealth of the New Rich is growing faster than the Old Money. The New Rich came from all walks of life, but they got most of their money from their businesses and stocks.
And the new rich are growing richer. In there were only 13 billionaires in the world. Now, there are more than I am opposed to millionaires, but it would be dangerous to offer me the position.
If most people make roughly the same income, people do not obsess over material goods. But inequality changes this outlook. The more wealth is concentrated in a privileged few, the more important consumer goods become.
The wider the income gap becomes, the more goods are available only to the rich. In unequal societies, possessions identify those who have succeeded and those who have not.
You are judged by what you own, by what you consume, not who you are. That includes the cost of nannies, housekeepers, a personal assistant, and a household manager.
But homes of 10, sq. The Ultra-Rich must have 50, sq. Its upkeep requires 10 butlers, 12 laundresses, 20 security personnel, and 30 housekeepers.
Why let the chauffeur have all the fun, folks? Art looks good in the living room and in the portfolio. They buy art on the basis of brand names, like Picasso, Manet, or Andy Warhol.
Prices are reaching for the stratosphere as the Ultra-Rich become art collectors. Customers arrive by helicopter and are driven in golf carts across the marble floors of the store.
But the Franck Muller timepiece, a select, handmade Swiss watch, is the most desirable brand. Who Are the Ultra-Rich?
You can find their names on the Forbes magazine annual list of the richest Americans. Larry Ellison, founder of Oracle, is number four on the Forbes list of richest Americans.
Google billionaires Sergey Brin and Larry Page are in the top ten. Michael Dell of Dell Computers is number eight.
The youngest member of the Forbes this year is year-old John Arnold, a former Enron trader who became a billionaire running the hedge fund Centaurus Energy.
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.
They gossip and brag. The second one was pretty easy. They own a jet airplane or two, maybe a Gulfstream , and maybe a yacht and some water toys.
During peak times of the year, their private jets cause congestion at airports in Aspen and Teterboro,.
They vacation in exotic locales around the world, flying to St. Andrews, Scotland, for golf, a lodge in Wyoming for trout-fishing, a private island in Turks and Caicos, or a resort in Tahiti.
They know their way around the world the way you and I know our way to the grocery store. They are most comfortable around other rich people.
They belong to social clubs that charge up to half a million for a membership. They join ski clubs in Montana where you never have to wait in lines for the lift.
They play golf on courses where tee times are unheard-of. It is absolutely excessive. No question about it. Those who have the gold make the rules.
And they remain that way, as they try to outdo each other with outrageous ways to spend their wealth. They compete for bragging rights by buying mega-sized yachts.
The larger yachts are equipped to carry a half-dozen cars, a helicopter, a few motorcycles, as well as a decompression chamber for the divers, a walk-in freezer, a gym and night-vision cameras.
A more eccentric owner has equipped the yacht with a swimming pool, a basketball court, a person Jacuzzi, a Roman bath, a tank of piranhas, bronze cannons, and a music studio.
The private submarine is launched from its docking station on the lower deck. The longer the motor yacht, the greater is the prestige of ownership.
The fact that it is the wild symbol means that it can substitute for most other symbols on the reels and create some nice winning combinations.
Another symbol to look out for is the croupier. The fact that it is the second highest paying symbol means that seeing croupier symbols on the reels could lead to some really significant prizes.
Instead, two or more scatters anywhere on the reels will lead to a prize. During these, all wins have a 2x multiplier attached to them, except wins featuring a wild symbol, which have a massive 4x multiplier attached to them.
The croupier symbol also remains stacked during the free spins, and free spins can be retriggered by landing three or more scatter symbols while the feature is active.
As mentioned at the beginning of this review, slots about luxurious lifestyles areoften found at online casinos.
Life of Riches manages to distance itself from the crowd though as, despite the theme, it still offers some really enjoyable features and easy gameplay.
The fact that you could possibly win up to 2,, coins when you play is also clearly something that will appeal to many online slots players. Life of Riches Slot Game Review The lifestyles of the rich and the famous is a popular theme amongst slot manufacturers, and occasionally it can get slightly tedious when yet another slot is released featuring the same theme.
Conclusion As mentioned at the beginning of this review, slots about luxurious lifestyles areoften found at online casinos.