Supermodel Gisele don’t want your money
Supermodel Gisele Bundchen stopped accepting payment in dollars.
[no longer accepting dollar bills]
Brazilian Supermodel Gisele Bündchen is refusing to accept payment in US dollars while the currency remains so weak.
Proving that she has business sense to match her beauty, the former girlfriend of actor Leonardo DiCaprio, has said that she is willing to be paid in nearly any currency apart from the dollar to maximise her earnings.
According to Bloomberg, Patricia Bündchen, the model’s twin sister and manager said: “Contracts starting now are more attractive in euros because we don’t know what will happen to the dollar.”
The newswire said that when she signed a new contract in August with American company Procter & Gamble to advertise Pantene hair products, the deal included the stipulation that she be paid in euros. P&G declined to comment on the terms of the deal.
Last week the dollar slipped to a record low against the euro, which pushed above $1.45 for the first time after the Federal Reserve cut interest rates for a second successive time to 4.5pc.
The pound rose to a 26-year high against the dollar at $2.08. Many traders are claiming that the dollar has further to fall.
High street retailer M&S announced on Wednesday that it was the first on the high street to offer two dollars to the pound.
According to US magazine Forbes Ms Bündchen is the highest-earning model in the world. She follows in the footsteps of wealthy investors Warren Buffett and Bill Gross who are turning their backs on the dollar in favor of stronger currencies.
telegraph
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