Despite the early financial support from wealthy investors and the backing of well-known space-exploration researchers, Planetary Resources faces many technical questions and uncertainties about costs and the technology required to extract materials from asteroids.
And he drew a parallel with the situation at McLaren in the early 1980s, when wealthy Saudi businessman Mansour Ojjeh bought a shareholding in the team and enabled it to grow quickly into the dominant force in F1.
He had arrived in the toney suburb of San Marino in the early 1980s using the name Chichester and befriending wealthy residents.
Financiers were growing fabulously wealthy in the early 2000s, but others could also borrow ever more against the value of their home.
Like Japanese using their newly accepted JTB card who brought back bags of Kent cigarettes, Coach bags, Dunlop golf clubs and Rolex watches in the pioneer days of Japanese tourism to the U.S. in the early 1980s, the cachet for Chinese visitors of appearing wealthy and successful to family, friends, and work colleagues is definitely also a factor.
As new early-detection techniques become affordable for the wealthy directly, it becomes cheaper for them to detect heart, stroke and cancer early than to pay for expensive treatment later.
So perhaps a market economy (for the wealthy initially) pulls in early detection.
On the other side, the big investors in hedge fund are now institutions with much more rigorous reporting requirements than hedge fund managers had to deal with in the early days when their investors tended to be wealthy individuals or families.
Her high-end restaurant Mandarin, which was a fixture in Polk Street and later Ghirardelli Square neighborhoods through the early 1990s, focused on the classic northern Chinese and Shanghainese dishes she ate growing up in a wealthy Beijing family.
That seems to be the lesson from a peek at the estates left behind by wealthy individuals who died in 2004 or early 2005.
Stan Ellis, a Houston financial consultant who sold books for seven summers, went to Hays in the early 1980s proposing a company that would offer estate planning services to a wealthy clientele.
Sharif, now 57, was born into a wealthy industrial family in Lahore and spent his early years studying law and working in the family business.
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