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Fame & Fortune: Rita RudnerComedian-writer lives in her money
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Rita Rudner: I'm doing
a few things for my book, but very few. My whole family came to
New York with me for three weeks in September, a combination vacation
and work. And I have one gig for the Atlanta Jewish Book festival.
But I'm very into being a mom and staying home, which is what working
in Las Vegas offers.
Bankrate: You seem to
be doing very well in Vegas. So many comics I've interviewed never learned how
to handle money until very late.
Rita Rudner: And I'm one
of them; that's why I married my husband. He's very smart, and he
does all that. I know I should learn it and do it, but I don't,
because everything is going very well. We've been married for 18
years, and when we met I was renting a studio apartment for $500
a month and he had bought a small condo in Australia. Now, we have
a penthouse, a beach house and a golf house. So he's doing OK. I'm
letting him do what he does.
Bankrate:
And what is it he does?
Rita Rudner: He produces
my shows, and he handles all the financial areas of the business.
He's also creative. He was in the Cambridge Footlights, and he has
a comedy background, so I bounce everything off of him when I write.
My act, I keep to myself, that's between me and the audience. But
we've written screenplays together. We wrote "Peter's Friends,"
and "Weekend in the Country," and about 20 other screenplays
together. We're a team.
Bankrate:
When you get to the level of being a Vegas regular, does the business end of it
get a lot more complicated?
Rita Rudner: It is a lot
more complicated, of course. The more money you have, the more people
want to tell you what to do with it. There are a lot of choices
out there, and you don't want to make the wrong choice. So it does
get more complicated. We're not that savvy at investing, so we tend
to play it safe. Instead of trying to make money with our money,
we continue to try to make money by making money, and not losing
money. If we don't lose it, we think it's a success. "We didn't
lose it today, oh good. We're doing great."
Bankrate:
What kind of investing do you do?
Rita Rudner: We own lots
of houses. We just bought a beach house. That's our big investment.
We just said, as the Realtor said, "If not now, when?"
And we said, "You're right -- if not now, when? This is the
house we want. It's very expensive, and we're going to buy it."
It might not have been the best investment we could have made with
that amount of money, but we love it. And I've had the same accountant
in Manhattan since I was a dancer on Broadway, so for about 30 years
we've had the same accountant. He said, "You know, you have
a lot invested in property." I said, "Yeah, but we live
in the houses, and we love them." So instead of putting it
in the bank, we live in them. We live in our money.
Bankrate:
What does the accountant want you to do with it? |