A Millionaire on Paper (well, fake paper…)

By Deane Barker on November 27, 2006

Anshe Chung: First Virtual Millionaire: Sell before the novelty of this stuff wears off.

Anshe Chung, a real-estate tycoon in the digitally simulated world known as Second Life, has apparently become the first virtual millionaire—i.e., someone whose holdings in a make-believe world are legally convertible into genuine U.S. currency worth more than $1 million.

This is worse than being a millionaire in the stock market. In that case, you’re a millionaire on paper. In this case too, but even the paper is fake.