Richistan

This insightful book, Richistan, explores the lives of new millionaires and their societal impact, revealing the complexities of wealth in contemporary society.

In Richistan, Wall Street Journal reporter Robert Frank delves into a fascinating world where millionaires and billionaires dominate the landscape. This book presents a vivid exploration of the lives and lifestyles of a new breed of wealthy individuals, many of whom have risen from blue-collar roots to achieve remarkable financial success. Frank vividly portrays the experiences of 'instapreneurs,' dot-com billionaires, and unique characters who embody the spirit of this new gilded age. Through engaging profiles, readers meet individuals like Ed Bazinet, who found fortune in selling miniature ceramic villages, and Tim Blixseth, who amassed wealth by trading vast stretches of timberland.

The influence of these newly wealthy individuals extends beyond mere financial power; it shapes the very fabric of society. Richistan examines the emerging lifestyles that revolve around this wealth, including the rise of butler schools, specialized service employees, and self-help groups tailored for those worth $10 million or more. Frank also highlights the ways in which their fortunes are impacting various sectors, from the commodification of the art world to the increasing prevalence of 'market-driven' philanthropy.

As wealth creation becomes increasingly globalized, Richistan offers a critical look at the implications of this new money. It uncovers the realities behind the glitzy facade, providing insights into how the lives of the wealthy affect broader societal dynamics. Frank's exploration serves as both an eye-opener and a thought-provoking commentary on the evolving landscape of wealth in the modern world.