The world's highest paid supermodel, Gisele Bundchen, no longer wants to be paid multi-millions in dollars (in US currency). The Brazilian beauty is one of many high earners that is unwilling to accept her pay in the ever-weakening American dollar, demanding pay in other currencies instead.
"Even after the dollar lost 34 percent since 2001, the biggest investors and most accurate forecasters say it will weaken further as home sales fall and the Federal Reserve cuts interest rates," Fox News reported.
"The dollar plummeted to its lowest ever last week against the euro, Canadian dollar, Chinese yuan and the cheapest in 26 years against the British pound."
Along with Gisele, Warren Buffett and Bill Gross belong to the thousands of financially successful earners that feel the same way about their billions.
High Earners Declining US Dollars
Gisele Just One to Shun
Trend Themes
1. Declining US Dollar - Opportunity for financial institutions to develop innovative currency exchange solutions and alternative payment methods.
2. Demand for Alternative Currencies - Potential for fintech startups to create platforms that provide high earners with the option to be paid in different currencies.
3. Weakening American Currency - Possibility for global businesses to capitalize on currency fluctuations and optimize revenue streams through strategic financial management.
Industry Implications
1. Financial Services - Disruptive innovation opportunities in currency exchange services, digital wallets, and international money transfer platforms.
2. Fintech - Platforms that allow high earners to receive payment in alternative currencies across borders present a disruptive opportunity in the fintech industry.
3. Global Business - Strategic financial management tools and services can help businesses navigate and benefit from the weakening US dollar, creating disruptive innovation opportunities.