When Oprah Winfrey addressed Duke's 2009 graduating class at a May 10 commencement, she talked about the pleasures of being wealthy: "It's great to have nice homes!... It's great to have a private jet. Anyone that tells you that having your own private jet isn’t great is lying to you." "But," said Oprah, "you haven't completed the circle of success until you help someone else move to a higher ground and get to a better place."

Wall Street Journal Wealth Report blogger Robert Frank wasn't so interested in helping others part, but he really liked the part about how great it is to own your own private jet:

The golden nugget here is the jet part. In these times of hair-shirt capitalism and envy politics, the wealthy have been going to great lengths to pretend they don’t enjoy luxury or want nice stuff. If Oprah were like most of the faux-populist rich today, she would have said something like: "I don’t need private jets, in fact I’m happier flying commercial and living in a small house. I like the simple life." Of course, she would be lying.

But she didn't. She told the truth, which is that flying in a private jet is one of the great material perks that money can buy. (Talk to anyone who used to be rich and they will say one thing they really miss is the jet. Apparently Oprah's ride is a $42 million custom-build Global Express XRS built by Bombardier Aerospace.)

So Oprah says it's great to be wealthy and it's important to help people, and Frank applauds her for courageously acknowledging how great it is to be wealthy. But, then, what was I expecting? Frank writes the Wealth Report, "a daily blog focused on the lives and culture of the wealthy."

Tags: Oprah Winfrey, Robert Frank

This entry was posted on Tuesday, May 12th, 2009 at 4:46 pm and is filed under Economy, Wall Street Journal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.