Why supermodels shouldn’t think
May 21, 2010 Economics and Finance 5 CommentsBy Arran Gold
Given the state of the Euro, it is instructive to recall this.
The world’s richest model has reportedly reacted in her own way to the sliding value of the US dollar – by refusing to be paid in the currency.
Gisele Bündchen is said to be keen to avoid the US currency because of uncertainty over its strength.
The Brazilian, thought to have earned about $30m in the year to June, prefers to be paid in euros, her sister and manager told the Bloomberg news agency….
“Contracts starting now are more attractive in euros because we don’t know what will happen to the dollar,” Patricia Bündchen told Bloomberg in September.
Yes, “we don’t know what will happen to the dollar”, but it is unlikely that it will go bust before the Euro.
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