If there is any consolation for me it all, it is that my net-worth is slowly but steadily climbing in a world where others’ numbers are quickly declining. For example, here’s the latest gossip about Ken Lay, thanks to CNN Money:
His $1.9 million trust will be depleted by legal fees, which will probably total $30 million. His retirement holdings have fallen from $68 million to only $3.5 million. According to the New York Times, Lay’s net worth is now sitting at $650,000, down from $400 million at its peak.
If that isn’t financial defeat, I don’t know what is.
By the way, I’ve selected a winner for the latest giveaway and I’ve emailed the winner for confirmation. If everything’s cool, I’ll announce later today.
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{ 3 comments… read them below or add one }
I think something’s wrong — I didn’t get that email you mention. ;-)
Lay deserves it.
I think you forgot a key point here: Lay’s fortune was not made because he was a hard worker or because he was a business genius or because he was investing smartly.
His fortune was built on sand as it was the result of defrauding others: employees and investors.
So, in your case, I would not call your sentiment “Schadenfreude” but simply justice served.