Mon Nov 5th, 2007 at 11:15:05 AM EST
In keeping for the demand for more T&A, here's a throwaway diary about Brazilian supermodel Gisele Bündchen.
Last Saturday I asked Helen what exactly we could do to push the Dollar into a free fall. Not that I'd want to trigger a free fall, but I just think that our influence in the larger scheme of things is not quite big enough. I mentioned that there are enough credible people with plenty of money shouting from the rooftops that everyone should dump the dollar and move their assets out of the US.
This, of course, betrays a fatal misunderstanding of the age we live in on my part. Face it. No one listens to boring old white billionaire investors anymore. When you want attention, what you need is a celebrity.
Now we have one!
(I suspect that rg has something to do with this...)
On to the news -->
Bloomberg: Supermodel Bundchen Joins Hedge Funds Dumping Dollars
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.
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.
``Contracts starting now are more attractive in euros because we don't know what will happen to the dollar,'' Patricia Bundchen, the model's twin sister and manager in Brazil, said in a telephone interview in September from Sao Paulo. She declined to discuss details of the arrangements last week, as did Anne Nelson, Bundchen's agent in New York at IMG Models.
The dollar is now trading at EUR 1.447
, slightly below Friday's peak.
Photo credit: Tiago Chediak/Flickr.com; Iuri Kothe/Flickr.com