Very few people have more money than they can possibly spend in their own lifetime. It is hard to comprehend what it must be like to be able to spend $3 million on yourself every week of your life and still remain incredibly wealthy. According to Australian political commentator Robert Haupt (1989: 14), this was the fate of Australia’s richest man – media magnate Kerry Packer. The Forbes Rich List for 2005 ranked Packer at 94 of the 691 billionaires in the world, whose combined wealth amounted to US$2.2 trillion (Nason, 2005: 8). According to the Merrill Lynch and Capegimini (2005) Ninth Annual World Wealth Report, there were, in 2004, 77,500 people in the world with at least US$30 million in financial assets, and David Smith (2003: 128) estimates that the richest 200 individuals in the world have the combined income of 41 per cent of the world’s people. William Davis (1982: 152), in his book The Rich: a Study of the Species, argues that the rich are concerned to ‘make and unmake’ political leaders in order to ‘secure new territories or conditions favourable to their enterprises; to gain personal advancement; or just for the hell of it’, but ‘the basic aim has remained the same: to make the world the kind of place they want to live in’. Their power today is immense, indeed ‘awesome’, says William Shawcross (1992: 559), biographer of international media magnate Rupert Murdoch, a man who, with a few others, effects the lives of millions by not only shaping the foundations of the twenty-first century but by owning them too.