[QUOTE]THE extent of the [B]Duchess of York[/B]'s financial problems was revealed as it emerged she is £5 million ($8.7 million) in debt, according to the UK's The Sunday Telegraph.
Previous estimates put the cash woes of the former wife of Prince Andrew at nearer to £3 million.
At least one financial adviser to Buckingham Palace recommended Sarah Ferguson go into voluntary bankruptcy.
The issue was discussed between Prime Minister David Cameron and the Queen, who is said to be "deeply concerned" by the debts.
“One key adviser believes the right thing is for the Duchess of York to go bankrupt,” a royal source told the newspaper.
The money owed includes both personal and business debts in the UK and the US.
A royal source told The Sunday Telegraph: “The duchess has been incredibly naive. She has been using lawyers in America and not understanding that, when they turn up bringing three people with them, there is a huge meter which ticks like mad.
"The Duchess simply does not have any real idea about money."
He added, "She has been taken for an incredible ride by some people who have not been honest with her about the way the bills were running up. ”
In May, the Duchess was caught trying to sell access to Prince Andrew for £500,000.
After being filmed taking a £27,000 down payment from an undercover journalist posing as a businessman, she apologized for her “serious error of judgement.”
In a subsequent interview with US talk-show host Oprah Winfrey, she admitted she had been drinking and was “in the gutter” at the time.
[/QUOTE]
I love how bad rich people are at handling money..
[url=http://www.news.com.au/breaking-news/world/sarah-fergisons-debt-millions-more-than-thought/story-e6frfkui-1225902713537]Source[/url]
who gives a FUCK
[QUOTE=Cycho;23918099]who gives a FUCK[/QUOTE]
apparently you give a FUCK since you decided to post in the thread :smug:
[QUOTE=JDK721;23918114]apparently you give a FUCK since you decided to post in the thread :smug:[/QUOTE]
enjoy your 17.5% VAT
[QUOTE=JDK721;23918114]apparently you give a FUCK since you decided to post in the thread :smug:[/QUOTE]
I'd say he cares more about expressing the fact that he doesn't give a fuck, rather than being a hypocrite in saying he doesn't give a fuck, but actually gave enough fuck to post it.
Poor Duchess
Didn't Cycho just make a thread called "Fuck you Garry?"
I like where this is going.
5 mil? Pfft. Amateur... Let us know when you hit a billion.
[QUOTE=Cycho;23918191]enjoy your 17.5% VAT[/QUOTE]
It's 20% now.
thats a scary amount of debt. :ohdear:
[QUOTE=ZakkShock;23918262]Didn't Cycho just make a thread called "Fuck you Garry?"
I like where this is going.[/QUOTE]
[url]http://www.facepunch.com/showthread.php?p=23918238#post23918238[/url]
I thought it had something to do with Craig Ferguson
[QUOTE=Riutet;23925036]It's 20% now.[/QUOTE]
not yet
[QUOTE=Mokkan13;23912944]I love how bad rich people are at handling money..[/QUOTE]
People become rich, because they know how to handle their money.
[QUOTE=Ragy;23925236]People become rich, because they know how to handle their money.[/QUOTE]
Not always. Most rich people are rich because they did something that people liked, and people gave them their money.
[QUOTE=Anti Christ;23925269]Not always. Most rich people are rich because they did something that people liked, and people gave them their money.[/QUOTE]
Yes, that's also called starting a successful business or moving up in a company.
[QUOTE=Ragy;23925236]People become rich, because they know how to handle their money.[/QUOTE]
Or they inherit it and have no fucking clue what to do with it but besides waste it.
[QUOTE=Ragy;23925315]Yes, that's also called starting a successful business or working.[/QUOTE]
Exactly. It's not called knowing how to handle your money.
[QUOTE=Anti Christ;23925269]Not always. Most rich people are rich because they did something that people liked, and people gave them their money.[/QUOTE]
While some people get paid for a talent of some description, I was more so thinking of the people who are born into a wealthy family.
[QUOTE=MR-X;23925328]Or they inherit it and have no fucking clue what to do with it but besides waste it.[/QUOTE]
Few, most people who have money worked for it.
[QUOTE=Mokkan13;23925378]While some people get paid for a talent of some description, I was more so thinking of the people who are born into a wealthy family.[/QUOTE]
I would think those people fit into a different group, though. Since they did pretty much nothing to actually get their money.
[QUOTE=Anti Christ;23925329]Exactly. It's not called knowing how to handle your money.[/QUOTE]
How is starting a successful running business and correctly maintaining your money not knowing how to handle your money? The rich are rich, because they're not stupid.
...Yeah, I don't really give a shit. European royalty exists for no other reason than to supply the tabloid industry with a constant stream of meaningless drama.
[QUOTE=Anti Christ;23925413]I would think those people fit into a different group, though. Since they did pretty much nothing to actually get their money.[/QUOTE]
The money is theirs, none the less.
[editline]10:45PM[/editline]
[QUOTE=Used Car Salesman;23925434]...Yeah, I don't really give a shit. European royalty exists for no other reason than to supply the tabloid industry with a constant stream of meaningless drama.[/QUOTE]
Very true.
It was once said that if the entire world's wealth were spread evenly across every person, in 10 years, the poor would be poor again, and the rich would be rich again.
People who work for their money treat it with more respect than those who just have it given to them.
Though they didn't earn it, therefore not really understanding the value of a dollar/pound
[QUOTE=Ridge;23925464]It was once said that if the entire world's wealth were spread evenly across every person, in 10 years, the poor would be poor again, and the rich would be rich again.
People who work for their money treat it with more respect than those who just have it given to them.[/QUOTE]
People expect money to be handed to them, then when it's not, they hate the rich. The successful ones. The greed is from the poor, not the rich.
[editline]10:51PM[/editline]
[QUOTE=Mokkan13;23925470]Though they didn't earn it, therefore not really understanding the value of a dollar/pound[/QUOTE]
The money is still theirs. Just because they didn't earn it doesn't mean anyone has the right to take it.
[QUOTE=Ragy;23925430]How is starting a successful running business and correctly maintaining your money not knowing how to handle your money? The rich are rich, because they're not stupid.[/QUOTE]
Because once you get that big, you don't do near as much as you did before. You can hire people to do it all for you, while you continue to make money.
I realize not everyone does this, but a lot of people do.
[QUOTE=Anti Christ;23925607]Because once you get that big, you don't do near as much as you did before. You can hire people to do it all for you, while you continue to make money.
I realize not everyone does this, but a lot of people do.[/QUOTE]
It's called being very successful. Work hard and people will work for you.
[QUOTE=Ragy;23925558]The money is still theirs. Just because they didn't earn it [B]doesn't mean anyone has the right to take it[/B].[/QUOTE]
:confused: Never said they should have their money taken..
[QUOTE=Anti Christ;23925607]Because once you get that big, you don't do near as much as you did before. You can hire people to do it all for you, while you continue to make money.
I realize not everyone does this, but a lot of people do.[/QUOTE]
It also happens because when the company gets big, it can be impossible for a single person to manage all it's operations.
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