Why I Love the Rich

| January 31, 2010

For most of my career, I have dealt with the rich. I’ve created publications for, written books about, and penned countless articles for magazines about the rich and powerful. I have written The Richest Man in Town where I interviewed the richest man or woman in town in 100 American cities to determine the shared [...]

Joan Rivers Is So Rich . . .

| January 28, 2010

. . . and there is no punch line. The 76-year-old queen of comedy is the richest woman I know in all the ways that truly count. Let’s count a few of them. She lives like Marie Antoinette, only better, because her opulent apartment is in Manhattan and yeah, she’s still living. She is a completely devoted mother and doting grandmother. She is the hardest-working woman in show business. She’s a jewelry designer and CEO. No one can keep up with her pace. And this week this rich funny lady is the subject of a new documentary debuting at the Sundance Film Festival, fittingly titled Joan Rivers: A Piece of Work. She is just that and so much more.

John McAfee Flees Rodeo for New Life

| September 2, 2009

Anti-virus pioneer, John McAfee in no longer the richest man in Rodeo, New Mexico. He has lost 90% of his net worth during this recession.

Money Can’t Buy Happiness?

| May 21, 2009

It’s a cliché I heard a lot while I was writing The Richest Man in Town: “Money can’t buy happiness.” I can tell you that there are a lot of miserable rich people out there, and it is certainly true that pursuing money for money’s sake will not lead to a satisfying life. But for RMITs wealth is not only a tool to achieve great things and add value to the community; it’s also the reward for their hard labor, that allows them to pursue their passions and have a full, well-rounded life. Across the board, I found that having money is indeed related to happiness. And science backs me up: In April of last year, University of Pennsylvania economists Betsy Stevenson and Justin Wolfers presented a study at the Brookings Institute in Washington, D.C., on just this subject. According to the New York Times, Stevenson and Wolfers found that 90 percent of the households in America that have incomes of $250,000 or more call themselves “very happy.”