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:
“People die for wealth and birds die for food.”
—Chinese proverb.
“The nature of women’s oppression is unique: women are oppressed as women, regardless of class or race; some women have access to significant wealth, but that wealth does not signify power; women are to be found everywhere, but own or control no appreciable territory; women live with those who oppress them, sleep with them, have their children—we are tangled, hopelessly it seems, in the gut of the machinery and way of life which is ruinous to us.”
—Andrea Dworkin (b. 1946)
“It is better to pay court to a queen ... than to worship, as we too often do, some unworthy person whose wealth is his sole passport into society. I believe that a habit of respect is good for the human race.”
—M. E. W. Sherwood (1826–1903)