Super Rich: 'It's Not About Necessity'

You probably wouldn't recognize Paul Parmar, but he is one of the fresh new faces of the super rich, and he says he's "not really" affected by the current economic downturn. Robert Frank, the personal wealth columnist for The Wall Street Journal and the author of "Richistan," said there's a new model for wealth in America. "Since the 1930s, more than half of America's wealth came from inherited wealth, so we all know about the Rockefellers and the Astors and the DuPonts," he said. "But in the...Full Story
Commenting on this article is closed.