Virtual World's Top 'Real Estate' Developers

Several of Second Life's most successful entrepreneurs making real money in a virtual world are "real estate" developers.

1 minute read

April 20, 2007, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Virtual real estate has been the most lucrative industry from the start. The top land baron, Ailin Graef, became the first Second Life millionaire in November. Some Second Lifers are making a mint off consulting fees from the real-world corporations that are entering the virtual world."

However Randolph Harrison believes that "...sadly SecondLife is a giant magnet for the desperate, uninformed, easily victimized. Its promises of wealth readily ensnare those who can least afford to lose their money or lives to such scam in exactly the same way that real estate investor seminars convince divorcees with low FICO scores to buy houses sight unseen with no money down."

FULL STORY: Virtual World Rich List

Thursday, April 19, 2007 in Business Week

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