Trials & Tribulations
Taxman Makes Ralph Pony Up for $50 Mil Jet

Imagine how much coin you've got to have to owe $4 million -- just to operate a private jet.

That's how much money Ralph Lauren has, evidently: The Polo magnate had to shell out $4.18 mil on a two-year-old tax debt related to his $50 million Gulfstream V jet. On October 2, reports the New York Post, Lauren's company RL Wings laid out the money to resolve the debt.

And yet a rep for the designer says he's "fighting" to get the money back. That's how the rich stay that way.

Reader Comments

(Page 1 of 1)

1. In these trying financial times we can all take solace in the fact Ralph Lauren is doing his part. Kudo's Ralphie.

Posted at 8:37AM on Nov 24th 2008 by FlBiker

2. >
>
Geez... I feel so bad for him lol.

Posted at 9:59AM on Nov 24th 2008 by VioletteUK

3. Bah! The guy is a jerk. He's been trying to ruin the USPA for nearly a decade. A bucket of warm spit is more creative than he.

Posted at 1:18PM on Nov 24th 2008 by Aurelia