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Supermodel Gisele Not in Buffett's Bear Camp on Dollar After All, Manager Tells CNBC

Monday, 5 Nov 2007 | 4:24 PM ET
Supermodel Gisele Bundchen appears at a photo call to launch the new "Body By Victoria IPEX Wireless" bra at a Victoria's Secret store Wednesday, March 1, 2006 in New York.  (AP Photo/Jason DeCrow)
Jason Decrow
Supermodel Gisele Bundchen appears at a photo call to launch the new "Body By Victoria IPEX Wireless" bra at a Victoria's Secret store Wednesday, March 1, 2006 in New York. (AP Photo/Jason DeCrow)

It turns out that supermodel Gisele Bundchen isn't siding with Warren Buffett as a U.S. dollar bear after all, her manager tells CNBC.

This morning a Bloomberg story got picked up by several news outlets, including Warren Buffett Watch, reporting that Bundchen had asking to be paid in euros rather than dollars due to uncertainty about the U.S. currency's future. That would have put her in the same camp as Buffett, who's been bearish on the dollar for awhile now.

But just a few minutes ago, CNBC Squawk Box producer Stephanie Landsman spoke by telephone with Anne Nelson, Bundchen's manager. Nelson tells us reports that Gisele wants to be paid in euros are "false." Nelson's take: "Some idiot in Brazil reported something just to make news."

Nelson points out that Gisele lives in New York City, and thus needs U.S. dollars for her big-city lifestyle.

Of course, anyone who disagrees with Warren Buffett's investment wisdom does so at their own risk. But we have to think Gisele gets enough U.S. dollars that she can absorb any potential weakness against the Euro and avoid giving the unfortunate impression that she is negative about the United States in any way.

After all, even Warren Buffett wouldn't turn down U.S. dollars, if there are enough of them.

Questions? Comments? Email me at buffettwatch@cnbc.com

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