Image: Gisele Bundchen
Economic Security Update: Brazilian Super Model Gisele Bundchen Joins Warren Buffet in Ditching the Dollar
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.
Even after the dollar lost 34 percent since 2001, the biggest investors and most accurate forecasters say it will weaken further as home sales fall and the Federal Reserve cuts interest rates. The dollar plummeted to its lowest ever last week against the euro, Canadian dollar, Chinese yuan and the cheapest in 26 years against the British pound.
Bo Nielsen and Adriana Brasileiro, Bloomberg, 11-5-07
Gisele Bundchen, Warren Buffet, Dollar, Euro, Economic Security, Super Model,Richard Power, Words of Power
