Millionaires usually make their money in banking, playing the stock market or in big business. Ailin Graef has changed all that. The former Chinese language teacher has just joined the millionaire's club – but is the first person to do so thanks to profits from a virtual world. Ms Graef has built up a massive property empire in Second Life, an online 3D world where users live and socialise as they would in reality.
Her online equivalent (known as an avatar), Anshe Chung, buys large blocks of lands, improves them by adding housing and then sells them to other users for a handsome profit.
Since joining the game in 2004 she has amassed a fortune of almost 300 million Linden dollars (the game's currency). Uniquely, these dollars can be exchanged into real US dollars at online currency exchanges. With the rate at around L$275 to US$1, she has become a millionaire. Although she lives near Frankfurt in Germany, Ms Graef has set up an office in Wuhan, China, employing ten programmers to help 'develop' the online land she later sells to other users.(Link | Via)
Her online equivalent (known as an avatar), Anshe Chung, buys large blocks of lands, improves them by adding housing and then sells them to other users for a handsome profit.
Since joining the game in 2004 she has amassed a fortune of almost 300 million Linden dollars (the game's currency). Uniquely, these dollars can be exchanged into real US dollars at online currency exchanges. With the rate at around L$275 to US$1, she has become a millionaire. Although she lives near Frankfurt in Germany, Ms Graef has set up an office in Wuhan, China, employing ten programmers to help 'develop' the online land she later sells to other users.
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