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Explains how we live in a world of unlimited physical resources because of rapidly advancing technology.
"Unlimited Wealth: Paul Pilzer Tells Where to Find the New Prosperity," by Duncan Maxwell Anderson, Success Magazine, October 1993.
"Unlimited Wealth," by Paul Zane Pilzer with
introduction by Bob Meyer,
Barter News,
Sept 1992.
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page 3 of 4 is a millionaire, a successful author and a powerful businessman. Pilzer arrived at Lehigh almost by accident. He came to campus with his girlfriend to visit his older brother, Lee Pilzer '74. During his stay he was interviewed by then admission director Sam Missimer, '50. By the end of the day, Missimer had offered admission to both Paul and his girlfriend. The younger Pilzer soon found that his interest in science, sparked by his ham radio outfit and a passion for putting together Heathkits, would not easily translate into academic success in engineering. His low first-semester grade point average raised the specter of academic probation--and of the military draft--so he switched to liberal arts and buckled down. Pilzer sensed that he would be at his best when under pressure, so he persuaded the university to let him take an unusually heavy load. Carrying up to 10 courses a semester, he earned a degree in journalism with honors. He joined Tau Epsilon Phi fraternity and the Forum. "I drifted through Lehigh in liberal arts. I was a wanderer, taking a lot of different courses with no real direction. I tried to take courses to address my weaknesses, and I was introduced to as lot of different subjects in a serious way." A son of Polish Jewish immigrants, Pilzer sometimes told people that he was from New York because he was embarrassed to say he was born in Brooklyn. At Wharton, where the list of his classmates read like a Who's Who in Academic Excellence, Pilzer was afraid he wouldn't be able to measure up. But he found a way to use his insecurity as a motivator and finished the program in 16 months. The 22-year-old M.B.A. took a job with Citicorp, on the personal staff of John Reed, the man who would become the corporation's chairman. Meanwhile, he rented a house in Westhampton, Long Island, and kept one room for himself while leasing out the others. Soon he began building beach homes, working all day in the city and catching a train nights and weekends to supervise construction. It was a lucrative sideline--the business generated a six-figure income after only a few years. During his five years at Citicorp, Pilzer earned a reputation as a savvy young banker. He also absorbed a good measure of Reed's personal philosophy that you need to push yourself hard to enjoy true success. He was hired away from Citicorp in 1981 by a wealthy Chicago investigator who wanted him to invest $100 million by the end of the year. The assignment took him to Dallas, |
where he lived in a hotel room while
earning his first million. Texas was a place where he could feel
comfortable about being wealthy, Pilzer realized, and he began to think
of himself as a Texan who happened to have been born in Brooklyn. Today, Pilzer is one-half of Zane May Interests, a 55-employee Dallas real estate firm that controls 7.3 million square feet of real estate worth $280 million. His partner since 1982 is Alan May, a conservative businessman, art collector and Egyptologist, who provides an excellent counterbalance to his younger associate's energetic style. "I'm the accelerator," Pilzer once told a magazine interviewer. "Alan is the brake." The seven-year-old partnership has outsmarted the sagging Texas economy by buying the right property at the right time. "Ours is a partnership built on trust," says Pilzer. He and May have never signed a formal partnership agreement. When Pilzer is not doing deals in Dallas or giving lectures at NYU or in Moscow, he spends winters skiing and writing at his Utah home. He has not yet married, but says he looks forward to family life someday. "My social life is very full," he says. "I'm the complete single." What does the future hold for Paul Zane Pilzer? "The world has been so good to me that I spend my time thinking how I can influence the maximum amount of people in a positive direction. Cabinet secretary is something I think I could do well. I know I'm on a training and development path to get there." Pilzer also believes he can make a difference in U.S.-Soviet relations, both through his frequent academic contacts and through one of his pet projects, the development of a strip of land in Eastern Siberia into "another Japanese island," complete with major ports and a superhub airport. "It's the work of Isaiah," he says, turning the swords of a military complex into plowshares. "I'm not a writer, per se," Pilzer says, "even though I have a best-selling book and a couple more on the way. Writing is a mass communications tool that allows me to get my ideas out and exchange them with people. "Hopefully in the future I will have a number of very successful books out, some that are very good at the time, like 'Other People's Money,' and some that are read long after I die, like 'Alchemy.' I'm definitely writing it for an audience a century later. That kind of writing gives true immortality." prev next |
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