Word: megarich
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...million bond payment on his Trump Castle casino in Atlantic City. At the time, Trump explained that the casino got an infusion of a "relatively small amount of money." Relative is right. The Wall Street Journal reported last week that Trump's 85-year-old father Fred, a megarich developer based in Brooklyn, dispatched a lawyer in December to buy $3 million worth of chips at Trump Castle, in effect giving Donald a loan. Last week the younger Trump would acknowledge only that "a group bought some chips, and that's not a totally unstandard thing." According to casino regulators...
...Megarich financier Kirk Kerkorian knows how to make a fortune in the glitter mills of Las Vegas and Los Angeles, but can he do it in gritty Detroit? Last week Chrysler said the Beverly Hills investor had accumulated more than 9% of the troubled automaker's stock at an estimated cost of $250 million. Kerkorian met with Chrysler chairman Lee Iacocca earlier this month and professed support for the company's management but refused to sign a "standstill" agreement to stop increasing his stake, a Chrysler spokesman disclosed. Girding for a possible takeover bid, Chrysler has strengthened its poison-pill...
...TRUMP TAMER Switching from gabbing to grabbing, former talk-show host Merv Griffin outmaneuvered developer Donald Trump for control of Resorts International, the Atlantic City hotel-and-gambling company. The megarich Merv paid $364 million...
...street life mesmerizing. But New York is like the wedding cake in a bakery window: an exquisite excess of spun sugar covering a cardboard core. Beneath Manhattan's sheen is the New York of endemic corruption, failing schools, and racial tensions, a polarized city of 7.3 million where the megarich in stretch limousines look away from the 1.8 million living in poverty, more than 50,000 of them homeless. The city that prides itself on being the cutting edge of the future watches as corporations, promising artists and middle-class families flee its staggering costs and the country's highest...
ARRESTED. Paul McCartney, 41, megarich ex-Beatle and rock video star (Say Say Say, Pipes of Peace), and his wife Linda McCartney, 42; both for possession of marijuana, he for the fourth time in twelve years, she for the first time since 1975; in Barbados. Fined $100 each, the McCartneys returned to London, where Linda was arrested at Heathrow Airport, again on possession charges. Said McCartney: "I'd like to see it [pot] decriminalized...