expire-images2009-4-28

So Rich They Can Afford to Look Poor

Filed under: Apparel

There is apparently a point at which some excessively rich individuals decide to do away with decent standards of dress altogether. They are literally so loaded they can afford to look homeless; their rags become a sort of reverse status symbol. In fact, as author Paul Fussell noted in Class: A Guide Through the American Status System, shabby clothes "advertise how much of conventional dignity [the upper classes] can afford to throw away. The wearing of clothes excessively new or excessively neat and clean suggests that your social circumstances are not entirely secure."

We'd like to think that's the reason behind the appearance of the celebs on Nerve's new list of the "Top 10 Rich People Who Look Poor." It would certainly seem to be for notoriously-underdressed billionaire Condé Nast owner Si Newhouse, who clocks in at # 7. But we think it's more than likely that the Olsen Twins (#6), Britney Spears (#3) and Amy Winehouse (#1), who's reportedly worth $20 million, are actually just slobs. Check out the full list here.

Tags: Amy Winehouse, AmyWinehouse, Britney Spears, BritneySpears, Cond Nast, CondNast, expire-images2009-4-28, Nerve, Olsen Twins, OlsenTwins, Paul Fussell, PaulFussell, Si Newhouse, SiNewhouse

Abramovich Plans London Palace

by Deidre Woollard (RSS feed) —

Filed under: Estates

He's already rumored to be building the most expensive yacht in the world, now The Telegraph reports that Russian billionaire Roman Abramovich is working on a home that will be the most expensive private residence in Britain. The home in Knightsbridge, London will join two existing townhouses that are currently divided into apartments in Lowndes Square. The two-houses will be combined into one eight-bedroom home with a home theater, indoor swimming pool and steam room on eight stories total. The home is expected to be worth around £150 million when complete which actually makes it less expensive than the planned One Hyde Park Development. Abramovich will be keeping the classical exterior of the homes much the same but plans to rehab the interior in Russian opulence with the latest and greatest that money can buy.

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Tags: estate, expire-images2009-4-28, london, mansion, roman abramovich, RomanAbramovich