Wealth: It’s relative, I guess…

WSJ’s Weath Report blog notes:

[AIG’s ex-honcho] Hank Greenberg’s shares once were valued at more than $700 million.

And now? At the $2.21 price of this morning … Mr. Greenberg’s shares were valued at about $28 million.

Of course, for most people, $28 million would be enough to get by. But to Mr. Greenberg, the shares are now “virtually worthless,” as he said Tuesday on the “Charlie Rose Show.” (At the time he said his total personal holdings of AIG were valued at about $100 million).

[Note: Yes, yes, I realized that in real life he couldn’t actually convert all that stock to cash, particularly given the specific circumstances of AIG. Have a sense of humor, okay? And trust me, this guy lives better than you do, and that’s not going to change.]