http://finance.yahoo.com/news/bill-erbey-made-2-3b-110000607.html?
Soon after Bill Erbey and his wife Elaine moved last year to St.
Croix, in the U.S. Virgin Islands, they ran up a $2,000 electric bill.
They turned down the air conditioning in an effort to cut costs and
Erbey, who is 64 and overweight, sat around sweating.
"He lives a lifestyle that, if he lived for 2,000 years he couldn't
spend his net worth," says Orin Kramer, general partner of hedge fund
Boston Provident. "It's one of the things that makes someone comfortable
as an investor, because he's always focused on the dark side."
Focusing on the dark side was, of course, a good thing to be doing
ahead of the subprime housing crisis. It's one reason Erbey, who is the
chairman of Ocwen Financial
and four other publicly-traded companies, has managed to quintuple his net worth to $2.3 billion over the past two years.
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