Quixotic ventures of the ultra-rich
Everyone wants to be a millionaire – but what does a billionaire want to be? They’re already so rich that their investing decisions might have more to do with making a big splash or scratching an itch than making a buck. Jeff Bezos recently paid $250 million (1 percent of his fortune) for the Washington Post, which lost $50 million so far this year. Is it boredom? A childhood fantasy? The pursuit of glory? Here are 10 investments of the super-rich that make Bezos’s bold purchase of the Post look as safe as buying T-bills.