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Fame & Fortune: Sir James Galway
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Bankrate: You are involved with many charities, including one to assist young players with disabilities. Tell me about that.

Sir James Galway: I got involved by accident. I was asked to be a patron of Flutewise. There were 2,000 people playing the flute. They were serving sticky buns and lemonade, exactly what you don't need when playing the flute. Many of the kids were digitally impaired, missing fingers. I was so moved. I just read about a study where they substituted music for math two days a week in school and the kids who had music had much higher test scores. But, I'm not so concerned with that; I wish they would not be cutting history and geography.
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Bankrate: You have performed many genres of music. Are there areas that you haven't tried yet, but would like to?

Sir James Galway: I would like to study Chinese flutes. I feel their folk music is akin to that of Ireland, the expression. I have some free time coming up. I'm going to get to business learning it then.

Bankrate: You have several cars, but you don't drive?

Sir James Galway: I never learned -- we were too poor. There was only one man in our town with a car; I still remember his license plate. I had a life insurance policy mature and the stock market was bad, so I bought a Bentley. I bought my wife a Porsche for putting up with me for 20 years. We also have a staff car for schlepping things; we have six people on staff.

Bankrate: How has receiving a knighthood changed your life?

Sir James Galway: It changed me from working class to super-hard working class. Now, I get asked to participate in more things.

Bankrate: What's a splurge to you?

Sir James Galway: Buying the latest computer equipment. I'm getting a Macintosh desktop -- a G-5. I have a powerful G-4 laptop.

Bankrate: You are known for having many flutes, even gold ones.

Sir James Galway: People think I have 100, but I really only have about 20. I have two exceptional ones: a gold Brogger and a gold Muramatsu from Japan. They say the gold ones have a different sound, but I don't know. I'm looking for the ones with the best mechanism. I have silver ones and wooden ones, too. The wooden ones are lined in metal, now. The all-wood ones, when you cleaned them, it would chip out little bits of wood and change them.

Bankrate: Do you manage your own money?

Sir James Galway: Yes, we do. We used to leave it to other people, portfolio managers, but then we saw it diminish. I'd read the newspaper, listen to CNN, Lou Dobbs. They'd talk about getting rid of the tech stocks. I'd tell the managers to sell, and they'd say, "We'll hold on a wee bit." It was mismanagement. I wanted to shoot them. I want no repeats of that. The best investment is to invest in talent. That's what I do, I invest in my talent.

Bankrate.com's corrections policy -- Posted: Feb. 21, 2006
 
 
 
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