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douglas

Chocolate Milk Doug
May 15, 2002
9,887
6
Shut up and Ride
The world’s wealthiest also continue to find new ways to make money. Consider the appearance of online gambling tycoons. PartyGaming, the company that operates the popular PartyPoker site, went public in London last June, turning three of its founders into billionaires overnight. Among the three is American Ruth Parasol, the list’s only new self-made woman.

Canadian playboy Calvin Ayre went down to Costa Rica a decade ago and began taking bets over the Internet. Most of his revenue comes from the U.S., where online gaming is illegal. Now he too is a billionaire, and one, at least so far, beyond the extraterritorial reach of the U.S. law enforcement and tax authorities.


http://moneycentral.msn.com/content/invest/forbes/P146582.asp?GT1=7922