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For. Wealth In Beverly Hills #53948

ABC Evening News for Tuesday, May 02, 1978
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(Studio) Report on influx of fors. into Beverly Hills, California. Amt. of business done with fors. by real estate broker Mike Silverman noted. [SILVERMAN - cites stable political situation in United States as reason wealthy fors. want to get money out of own cntrys.; says devaluation of dollar is also factor. Describes cash payments he's recd.] Effect of foreign wealth on economy of area described by citing exs. of stores along Rodeo Drive in Beverly Hills: Bigian's owned by Iranian Bigian Paksad, Gucci's and Georgio's, owned by Fred Hayman. [HAYMAN - describes experience with Arab prince and princess.]
REPORTER: Barbara Walters

Walters, Barbara

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