A house that is ready to be foreclosed upon, a family whose idea of economy is taking a super stretch limo to McDonalds and hanging on to the solid gold purse while not paying the staff enough money and working them longer hours, you have to wonder how in the world this billionaire became a billionaire and why his children and wife seem to have the business sense of a retriever.
90 thousand square feet will soon be up for grabs when the threatened bank foreclosures take hold of the Siegel family home, or a short sale is arranged to avoid one. Back in 2012, with the house still under construction and billed as one of the largest homes in the United States, the Siegels had not grasped the fact that their reign was soon coming to an end. In a world where bank foreclosures and short sales are part and parcel of everyday life to many Americans, the Siegels were living in their own little dream world.
David is generally portrayed in the media as a study in hubris, telling the world that he was nearly “singlehandedly” responsible for putting George W. Bush in the White House. Nowadays his wife Jackie, in an attempt to save money, takes a stretch limousine to McDonalds to purchase a meal.
When asked questions about the remainder of the world and how they are having to tighten their belts to make ends meet, the Siegels respond “Let them eat cake.”
If you believe the portrayal of this family in the upcoming “Queen of Versailles” documentary, this is a family that loses multiple pets because they’ve lost track of them and/or forgotten to feed them, while dog feces is often deposited unceremoniously about the floor on costly rugs. It is a study in contradictions.
Today, rather than cake, the Siegels order dollar menu items from a stretch limo and hang on to the trappings of wealth, while trying to sell their home for more than 75 million–a home which is not yet completed.
The world looks in awe at the the lifestyles of people like the Siegels, while those who are a bit more practical can find in this story much cause to be amused and saddened.
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