Could There Be a 21st Century Gatsby?


“There are plenty of millionaires amongst our midst that you would never know about,” he said.

Of course, once you start throwing Gatsby-esque parties, the more questions your neighbors might ask.

“Almost certainly you can be rich without people knowing where you got your money,” said Terrance Odean, professor of finance at the Haas School of Business at the University of California, Berkeley. “Real estate, an inheritance, art, the market .... As long as your social circle doesn't overlap too much with your vague source of wealth, you are probably fine. Many people consider it rude to ask. Of course, if a reporter pries some stories will fall apart fast than others. Thus it is helpful if you -- and your wealth -- come from another country.”

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On the flip side, many people in the United States may flaunt wealth they don’t actually have.

“Some of those who lead a lavish lifestyle are actually in debt,” Rubin said. “Recent studies show that up to 60 percent of the people in this country live paycheck to paycheck. I think people often assume that a big house means you’re wealthy, but that’s not really the case at all. There’s some correlation, but it’s a loose one.”

Celebrities, of course, face closer financial scrutiny. In March, a website published private financial records of Jay-Z and Mel Gibson, Hillary Clinton, Beyonce, Paris Hilton and others. There’s even a term for it: doxxing.

Fitzgerald’s book draws a greater distinction between old money and new money. Not even Gatsby’s great wealth wins him entree into the lifestyle of the woman he lusts after.

"Her voice is full of money," he tells neighbor and narrator Nick Carraway.

While Gatsby’s finances seem tenuous, he never reaches financial ruin. The story, of course, still ends in tragedy.

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