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Wednesday, March 25, 2009

THE SIMPLE LIFE


Lev Leviev London, England Net Worth: $1.5 billionRank: 468
The growing economic crisis with its mounting unemployment and re-possessions poses dreadful conditions on the world's working class, but none of this matter to the capitalist class who continue to live in ease and luxury on the exploitation of these workers
"Computer mogul Michael Dell claims to live simply yet built a 33,000-square-foot manse in Austin, Texas, in 1997. Called "the castle" by locals for its high walls and tight security, the home sits on a 20-acre spread a mere stone's throw from Dell headquarters. It's not so simple for other members of the billionaires club. Oracle Chief Executive Larry Ellison, a hard-core Japanophile, blew an estimated $100 million building a 23-acre, 10-building, Japanese-inspired imperial villa in Woodside, Calif. But it doesn't stop there. In recent years, he has spent an estimated $200 million snapping up a dozen commercial and residential properties in the ritzy beachside enclave of Malibu, Calif. In January 2008, Russian-Israeli diamond magnate Lev Leviev bought the Palladio, an extravagant 17,000-square-foot manor outside London, for $65 million. (That works out to $3,823 per square foot, roughly twice the average in Greater London.) The home includes a bullet-proof front door, gold-plated pool, indoor cinema and hair salon. (Yahoo News, 13 March) RD

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