A
sunny, warm-ish weekend with temperatures in the 50s and cooling down at night.
Hardly what you’d call winter.
Meet the Gotrocks. We know there are a lot of rich people in New
York. Just take a look up and down Park or Fifth or Central Park
West or South with the thousands of apartments now changing hands
(when they do) in the multimillions. And if they ain’t enough,
(and it seems they aren’t) the Plaza Hotel is being converted
into condominiums as the world now knows, and I hear from the horse’s
mouth that buyers (for apartments such as a one bedroom for $4.5
million plus) are practically beating down the doors to get in.
Even
more: Over at 15 Central Park West they’re
just now putting up the steel for the huge new Robert
A. M. Stern-designed luxury
condominium due to open in 2007 that will rival the most luxurious
residential buildings in New York and they’ve sold a billion
dollars worth of them already.
The year 2005 might have been the best year for tax revenues
for the City of New York. According to very reliable sources
there were10,000
New Yorkers with incomes of $15 million or more last year. Considering
that figure takes in a good number whose incomes were $20 to
the occasional $100 million, the total comes to at least $150
billion.
and that does not include all of those high income earners who
work in Manhattan but live out of state — like Connecticut
or New Jersey. Nor does it even take into account the thousands
whose incomes are
more than a million. Nowadays people talk about vast sums as
if they are commonplace.
We’re
so used to hearing or reading massive financial figures (professional
athletes, movie and TV actors, film grosses, Harry
Potter sales, real estate prices) that they’re as
meaningless as NeverNeverLand. And for many many more of us,
they are NeverNeverLand.
Because, ironically, tens of thousands of people in Manhattan
— children, the elderly — are increasingly going
to bed hungry every
night. Too bad, but true, and not augering well for any of
us, rich or poor.
The figures do explain why New York City is the leading philanthropic
metropolis in the world. I am reminded, however, of one of
those philanthropists, the distinguished Lewis Cullman who
wrote a
book a couple of years ago (You Can’t Take It With
You; The Art of Making and Giving Money) about his life,
at the end of which
he advised, strongly advised, men and women of wealth (like
himself) to give it away to make a better community. However
Mr. Cullman’s
insights which appear to be based in common sense which is,
ironically a rare quality, made rarer to many of us by the
accumulation
of worldly goods and wealth.
Which brings me to a story which I am going to tell with
the requisite discretion, leaving out the names and the places.
It is a winter’s
tale about two couples who apparently had it all — the
kind of people with those large annual incomes.
Late thirty-somethings, attractive, popular, multi-residential,
international nomads with the world at their feet, the first
couple had been married
for more than a decade. Parents of two young sons, she was
bright and beautiful and he had an internationally famous name
and homes
on two continents. The other couple, also foreign-born enjoyed
great wealth and homes although no children after years of trying.
The two wives were best friends and because of that the couples
were inseparable, often traveling together, often visiting each
other
at their houses here or abroad.
One day several years ago, the husband of the first couple
(with the two sons) asked his wife, “for tax purposes,” as
he put it, to take out a new mortgage on their splendid country
house. Although she was well aware of her husband’s great
family wealth, she assumed he knew what he was doing, and so
she did.
Very shortly after this transaction occurred and papers were
signed, the wife was asked by her best friend (the wife of
the second couple)
to have lunch: the best friend had “something very exciting
to share” with her. So the two women lunched, and indeed,
the news was very exciting: the friend announced, miracle of
miracles, after years of being told by doctors that it was
not possible — that she is pregnant! Hoots
of joy from the two women filled the restaurant. Wine glasses
clinked, tearful kisses and hugs
were
exchanged,
and toasts were made to a wonderful new life for the now pregnant
friend.
That afternoon when she got home, the wife (and
mother of the two sons) told her husband the brilliant news
about their friend
being
pregnant. His response? “Yes, I am so thrilled!” “Oh,” replied
the wife, a little surprised, “then you already know?”
To which he replied: “Yes, of course I know; I am the
father.”
The father?! He was the father?!
Was she sitting down at that moment? Because she needed to be.
Not only was he the father, as he coldly and blithely told her,
but he
was going to divorce her, marry their friend and move abroad!
Furthermore, because they (the first couple) had been married
abroad themselves,
he was not bound by community property laws in this country,
and her taking out the mortgage on their house was his way of
getting
his cash out of the house and leaving her with the debt. Nice,
no? The divorce
took place as he wished. The first wife was left with their
two young sons and very little money. She
lost the house in
a foreclosure and moved to a small and very modest apartment
in the city.
Meanwhile her husband and her best friend, now married, moved
to the Europe and became parents of a baby girl. Time did little
to
heal the betrayal. The man not only abandoned his first wife
but never came to see his boys, thoroughly satisfied to be the
father
of a beautiful young daughter.
It was a cruel fate for the first wife, left not only with little
to live on and to support her boys, but the eternal mark of betrayal
by both friend and lover.
Five years passed and It would seem,
as it so often does in these situations, that the husband and
the best
friend simply got away with it, living happily and in the splendor
of his family’s legendary wealth. Until a couple of weeks
ago — when news came — that the man had been in
a terrible automobile accident, a terrible automobile accident
where he
lost an arm.
And
his adored little daughter, who was with him — was killed. |