Wealth
With fixed assets worth slightly more than £43.5m and land insured for approximately £72m, Fitzwilliam is well below average in terms of college wealth. It is the poorest college to have been established in the last half-century, and does not have the financial reserves that are typical of some of the older colleges. In 2006, a report published by Varsity revealed Fitzwilliam to be the 31st wealthiest of Cambridge's 31 colleges. The report also revealed that the college earns almost half a million pounds a year from conference accommodation and another £17 000 from its laundry service.
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Famous quotes containing the word wealth:
“O, the fierce wretchedness that glory brings us!
Who would not wish to be from wealth exempt,
Since riches point to misery and contempt?”
—William Shakespeare (1564–1616)
“He that fails in his endeavours after wealth or power will not long retain either honesty or courage.”
—Samuel Johnson (1709–1784)
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)