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Supermodel Bundchen Joins Hedge Funds Dumping Dollars

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Fleshdancer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-05-07 11:19 AM
Original message
Supermodel Bundchen Joins Hedge Funds Dumping Dollars
Edited on Mon Nov-05-07 11:20 AM by GloriaSmith
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCs.keWwNdiY&refer=home

Nov. 5 (Bloomberg) -- Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.

further down in the article:

When Bundchen, 27, signed a contract in August to represent Pantene hair products for Cincinnati-based Procter & Gamble Co., she demanded payment in euros, according to Veja, Brazil's biggest weekly magazine. She'll also get euros for the deal she reached last October with Dolce & Gabbana SpA in Milan to promote the Italian designer's new fragrance, The One, Veja reported. Bundchen earned $33 million in the year through June, Forbes reported in July.

...........

This is absurd to me on so many levels. Americans living beyond their means is probably why most of these people are rich to begin with so I find that part a bit ironic. More importantly though, for the lounge, why in the hell is a model making that much money??? Sure, she's pretty but no one is $33 million pretty.



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Pierre.Suave Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-05-07 11:26 AM
Response to Original message
1. Shit, I dont blame her
the dollar will crash and she wants to still have money when that happens.

If I could I would get paid in euros too. She is a smart person.
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