Sad Super-Rich Feel Super-Malaise

Oct. 27 2008, Published 7:07 a.m. ET

Link to FacebookShare to TwitterShare to Email

BILLIONAIRE BLUES Prince Alwaleed (Photo: Getty Images)

Is Prince Alwaleed's purchase of a $300 million-plus "Flying Palace" a sign of his psychological inadequacies? Alwaleed, the largest individual investor in the beleaguered Citigroup, just lost $2.5 billion of his personal fortune due to the mortgage meltdown, but apparently decided he needed a little pick-me-up. Like any good mustachioed princeling, he dusted himself off and went shopping for an A380 superjumbo to add to his toy airplane collection.

Article continues below advertisement

But before your blood starts to boil at the injustice, take consolation in the news that you should be pitying rather than envying the billionaire next door, according to a series of studies pinpointing a syndrome called Wealth Fatigue Syndrome.



© Copyright 2022 Radar Media Group LLC. RADAR and RADARONLINE are registered trademarks. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.