Photographer Annie Leibovitz and fashion editor Anna Wintour have been deeply affected by the current recession.
They had to quit their lifestyles as the New York City fashion empresses; you know, banks are now imposing austerity measures.
Two women on the verge of a financial crisis.
Two successful women go broke because of their extravagant lifestyles.
Leibovitz is perhaps the most famous living portrait photographer in the world and author of the notorious shots of John Lennon and Queen Elizabeth II.
She is reported to be in deep financial trouble. Though she earned tens of millions of dollars during her career, she is said to be at least $24 million in debt with Art Capital Group, a company based in New York City and specialized in offering loans to people who own fine art, with interest loans ranging between 6 and 16%, and considered by many as a loan shark.
Anna Wintour, the fashion empress, is much more powerful.
Her publishers sent a team of financial experts to the temple of Vogue with the task of carrying out an administrative audit and impose a cost rationalization plan. Last September issue presents less expensive items of clothing (about $2000 each).
The story of these two women hit by the recession draw our attention on a further aspect related to this actual social revolution that is reshaped on a daily basis to fit the economical crisis.
