Stealth Millionaires

December 2003
Journal of Financial Planning;Dec2003, Vol. 16 Issue 12, p20
Academic Journal
The article presents information on several people, who, by all outward appearances, lived in poverty yet were actually closet millionaires. A 90-year-old British man who watched television at a neighbor's house to save electricity and wore secondhand clothes has left behind $1.8 million. A homeless New Jersey woman died in a dilapidated hotel despite being worth than $1 million. A British spinster lived in an old house, wore worn clothes and died worth $10 million. Similarly, an 86-year-old man in Minneapolis, Minnesota lived in a modest house, did odd jobs and scavenged items from the street. He left $1.4 million to New York City after the September 11, 2001 terrorist attacks.


Related Articles

  • Feeling rich or poor is an individual choice.  // Countryside & Small Stock Journal;Mar/Apr2012, Vol. 96 Issue 2, p94 

    The author argues that feeling rich or poor is an individual choice. He states that there are many people who are prudent suburban and rural residents who are millionaires who go to work every day, earned and paid their living expenses. One is considered rich when they get to make choices both...

  • Profiles of an American wealth gap. Fitzgerald, Jim; Smith, Vicki // Adirondack Daily Enterprise;10/1/2010, Vol. 117 Issue 232, p7 

    The article tells the story of Roy Houseman, who was laid off after finished celebrating his election to the City Council in Missoula, Montana, Ashleigh Dorner, who has a car but no money for gas or insurance, and financial adviser John Morgan, who avoids interaction with the poor.

  • Repor ts provide a glimpse of richest and poorest Illinoisans. Heupel, Dana // Illinois Issues;Feb2012, Vol. 38 Issue 2, p3 

    An introduction is presented in which the editor discusses various reports within the issue on topics related to the economy of Illinois including one titled, "Wealthy Americans, Philanthropy and the Common Good," and second, "2011 Report on Illinois Poverty."

  • A Rich-Poor, Smart-Dumb Gap?  // Earth Island Journal;Summer2000, Vol. 15 Issue 2, p15 

    Uncovers the growing gap between the rich and the poor in England. Findings of the Royal Economic Society; Overview of the government's New Deal program.

  • FROM BIG THINGS LITTLE THINGS GROW. Skeffington, Robert // BRW;5/22/2003, Vol. 25 Issue 19, p26 

    Focuses on the benefit of the poor people from rich people. Effects of stalling global economy on Australia; Top 20 wealth generators.

  • The 'haves' have more. Dyer, Andre // BRW;5/22/2003, Vol. 25 Issue 19, p30 

    Focuses on the gap between the poor and rich people in Australia. Distribution of wealth; Value of equity holdings.

  • Poor and rich -- the facts.  // New Internationalist;Mar99, Issue 310, p18 

    Presents facts about the poor and the rich. Definition of poverty; Poverty measurement; Income of rich people; Aid to poor countries; Consumption of people in high-income countries.

  • ORIENT EXCESS. Vougioukas, Janis // Marie Claire (US Edition);Jan2007, Vol. 14 Issue 1, p70 

    The article reports about the developments in various areas that are taking place in China. The building of personal wealth is a relatively new concept in China and it has now the second-largest economy in the world. China is home to roughly 500,000 millionaires but in a country of more than 1.3...

  • Diet-related knowledge, attitudes, and practices of low-income individuals with children in the..... Morton, Joan F.; Guthrie, Joanne F. // Family Economics & Nutrition Review;1997, Vol. 10 Issue 1, p2 

    Compares the nutrition-related knowledge, attitudes, and practices of low- and higher-income American consumers. Comparison between higher and low-income respondents in terms of awareness of diet-disease relationships, using the nutrition panel when buying, lowfat and low cholesterol eating...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics