Virtual property queen says thanks a million

Ailin Graef aka Anshe ChungMillionaires usually make their money in banking, playing the stock market or in big business. Ailin Graef has changed all that. The former Chinese language teacher has just joined the millionaire's club – but is the first person to do so thanks to profits from a virtual world.

In just 32 months, Chinese language teacher Ailin Graef has transformed an outlay of $US9.95 into virtual assets worth at least $US1 million in real money.
Graef has achieved this in a virtual world called Second Life where she is better known as Anshe Chung, the community's foremost property magnate.

Anshe's Second Life portfolio includes virtual property assets equivalent to 36 sq km in size. But there's nothing real about this real estate. It's actually a 3D simulation housed on 550 networked computers.

And, believe it or not, there are people willing to pay sums ranging from $US100 to $US1000-plus to own a plot of land in Second Life.

Taking a leaf out of the property developer's manual, Anshe buys large blocks of "land" which she improves, subdivides, and then either rents or sells the smaller plots.

Link & Image: The Sydney Morning Herald
Tags: | | | |