Suze Orman, Financial Guru, "Comes Out"

I must admit my "Lesbian Radar" and "Gay Antennae" were not working as I am blown away by the news that Dr. Suze Orman, age 55, the financial guru and author, is a Lesbian and that she shared this information with the world. I happened to tune in to Larry King and Orman was talking about the inequity in taxing when it comes to Gay couples like her and her partner, Kathy Travis. Orman "came out" to Deborah Solomon, reporter for the New York Times Magazine who questioned Orman about her relationship. Orman will certainly help the Marriage Equality movement by this announcement and I hope she continues to make a splash and to help those of us involved in the struggle to obtain equal rights in all spheres of life. More details below.

Sharon Raphael

Finance Guru Orman Comes Out, Bemoans Gay Marriage Ban
by The Associated Press

Posted: February 25, 2007 - 4:00 pm ET

(New York City) Financial guru and best-selling author Suze Orman says she wishes she could marry her partner Kathy Travis, partly because it would save them both a lot of money.

"Both of us have millions of dollars in our name," she told The New York Times Magazine in its Sunday edition. "It's killing me that upon death, K.T. is going to lose 50 percent of everything I have to estate taxes. Or vice versa."

In a wide-ranging interview, the host of CNBC's "The Suze Orman Show" talked about her seven-year relationship with Travis and her personal finances.

With a liquid net worth of about $25 million and real estate holdings of $7 million, Orman said she enjoys spending money and playing the stock market. She said she has about a million dollars in the market, "because if I lose a million dollars, I don't personally care."

Orman said, "women don't understand money. They will go into debt to pay for this and that."

Orman honed her financial skills as a vice president of investments at Prudential Bache Securities and as an account executive at Merrill Lynch.

She has written five consecutive New York Times bestsellers including "The Money Book for the Young, Fabulous & Broke" and "The Courage to Be Rich."

Her latest book, "Women & Money," is due out in March.

©365Gay.com 2007