Document Type

Book

Publication Details

Christopher Gibson and John Connell, Music and Tourism: On the Road Again, Channel View Press & University of Toronto Press, New York & Toronto, 2005, 301p.

Abstract

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 U5$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 U5$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.

RIS ID

19419

Share

COinS