Real Estate Tycoon Commits Suicide in the US

Recently there have been a number of high profile people committing suicide in the States, particularly tycoons which has to do with the real estate industry and are especially affected by the Madoff Ponzi scandal. Whether there is any links between the number of suicide rates to the crisis are unknown till 3 years later, the problem with statistics.

CHICAGO: – The head of one of the largest real estate auction houses
in the United States was found dead of an apparently self-inflicted
gunshot wound.

Mr Steven Good, chairman and chief executive of Sheldon Good &
Company, joined a growing list of high-profile casualties of a global
economic crisis that has already claimed the lives of executives in
Europe and the US.

High-profile casualties like Mr Merckle aside, there are others who
are unknown or less well known, but no less tragic.

Last October, Mr Karthik Rajaram, a 45-year-old unemployed financial
consultant in the US, shot his wife, mother-in-law and three sons
before turning the gun on himself. In a suicide note, he wrote that
he was broke, having incurred massive stock market losses in the
financial meltdown.

Mr James Altucher, a hedge fund manager and columnist, in a
thoughtful and sombre piece in the Financial Times on Tuesday, said
he had heard in the past two weeks of two people who took their
lives: One was a 27-year-old stockbroker with two children, and the
other, a cousin of a friend of his, a hedge fund manager also with
children.

Source – The Straits Times

With housing slumps and people facing foreclosures in our America counterparts, I can’t help but think especially for the elites who has never suffered such defeats in their life before (assuming crisises has at least hit them twice in their life, and this would be the worst) how mentally damning it is to accept such a big blow and carry on with their lives.

Again, people of such calibre would have thought money is everything. My condolences.

Written by Benson Koh
Benson Koh is a professional real estate realtor with over 9 years of experience specializing in all forms of real estate consultancy and brokeraging of different segments from regal homes to commercial spaces. Also a boutique developer, he manages bothSRI5000 Developments which concentrates on landed homes as part of his land bank segment and Singapore Realtors Inc (SRI), a real estate agency which has over 5 years of group experience. You can reach him here via various channels. [ Facebook | Linkedin | Twitter | RSS Feed ]