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Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich by Robert Frank
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Richistan: A Journey Through the American Wealth Boom and the Lives of the…

by Robert Frank

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Showing 1-5 of 7 (next | show all)
It was an easy, interesting read, but I went to write a review barely a week later and couldn't remember a thing. And that isn't normal for me. ( )
  kristenn | Oct 7, 2009 |
A thoroughly depressing book, in part because the author attempts to stand on “unbiased” ground while exploring the lives of those whose net worth is over $10 million. Inherently raises the question of whether it’s possible to consume at that level and still honestly say you’re giving proper attention to the poor and downtrodden. The chapter on performance philanthropy is worth noting—much more so than the chapter on relieving the cramped space of the super-yacht by paring them with mini-yacht companion ships. ( )
  ebnelson | Jul 31, 2009 |
Frank, who writes for the Wall Street Journal, has examined the inhabitants of a virtual country within the United States made up of the more than eight million millionaires, focusing especially on the richest of the rich, those worth between 100 million and 1 billion dollars. These people have their own sometimes intriguing and sometimes peculiar lifestyle, and face problems the rest of us are free of: households full of servants and managers who must themselves be managed, the concern over how their children can be raised not to be Paris Hilton (solution: leave them with nothing), and how to spend their money in a way that will impress the ever-richer superrich. Not all is excess and frivolity, however. These people have found a new approach to philanthropy that is intriguing, and their tendency to pursue work as a creative endeavor is worthy of respect. Unfortunately, the book was published just before the current economic downturn, so one wonders how many of those nouveau riche are still riche. ( )
1 vote kambrogi | Apr 3, 2009 |
Describes the lifestyles of america's wealthiest citizens along with the social and economic forces that helped them achieve their wealth. Some of the descriptions of extravagance were mildly entertaining, but overall the book did not explore its subject in much depth. ( )
  khuggard | Sep 25, 2007 |
Wry view of current state of U.S. economic life with an empasis on the widening gap between the haves and havenots. jw ( )
  paclreference | Sep 17, 2007 |
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This book is actually by the economist Robert H. Frank.
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Starkey International Institute for Household Management

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Amazon.com Product Description (ISBN 0307339262, Hardcover)

The rich have always been different from you and me, but this revealing and funny journey through “Richistan” entertainingly shows that they are more different than ever. Richistanis have 400-foot-yachts, 30,000-square-foot homes, house staffs of more than 100, and their own “arborists.” They’re also different from Old Money, and have torn down blue-blood institutions to build their own shining empire.
Richistan is like the best travel writing, full of colorful and interesting stories providing insights into exotic locales. Robert Frank has been loitering on the docks of yacht marinas, pestering his way into charity balls, and schmoozing with real estate agents selling mega-houses to capture the story of the twenty-first century’s nouveau riche:

House-training the rich. People with new wealth have to be taught how to act like, well, proper rich people. Just in the nick of time, there’s been a boom in the number of newly trained butlers—“household managers”—who will serve just the right cabernet when a Richistani’s new buddies from Palm Beach stop by.

“My boat is bigger than your boat.” Only in Richistan would a 100-foot-boat be considered a dinghy. Personal pleasure craft have started to rival navy destroyers in size and speed. Richistan is also a place where friends make fun of those misers who buy the new girlfriend a mere Mercedes SLK.

“You want my money? Prove that you’re helping the needy!” Richistanis are not only consuming like crazy, they’re also shaking up the establishment’s bureaucratic, slow-moving charity network, making lean, results-oriented philanthropy an important new driving force.

Move over, Christian Coalition. Richistanis are more Democratic than Republican, “fed up and not going to take it anymore,” and willing to spend millions to get progressive-oriented politicians elected.

“My name is Mike and I’m rich.” Think that money is the answer? Think again as Robert Frank explores the emotional complexities of wealth.

And, as Robert Frank reveals, there is not one Richistan but three: Lower, Middle, and Upper, each of which has its own levels and distinctions of wealth —the haves and the have-mores. The influence of Richistan and the Richistanis extends well beyond the almost ten million households that make up its population, as the nonstop quest for status and an insatiable demand for luxury goods reshapes the entire American economy.

(retrieved from Amazon Fri, 24 Apr 2009 07:58:03 -0400)

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