subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Thought Leaders / Profiles /
Profile
Serious Fun
Dan Weil
03/01/2008

To be sure, they do party for causes. Cloutier thinks that all the money people spend on preparing a charity event and on clothes and jewelry for the shindig would be better spent on the charity itself. "But when they say, ‘Just send a check,’ no one does." He also thinks the charity balls in Palm Beach tend to be dull affairs; the real party comes when the couple goes out at 10:30 p.m. after the balls end, and he indulges in Dewar’s and she in champagne until the wee hours.

Inevitably, Cloutier will enlist support for this cause and others by hosting parties.

"But I didn’t get here by being a fun and frivolous guy," Cloutier says. He grew up middle class in Portland, Maine; his father was a program developer for the Department of Labor and his mother was a teacher. His intelligence and ambition got him admitted to Harvard, where he launched his first business—a very early computer dating service—with another student. In recent years, Cloutier has set up the Lucile Cloutier Scholarship, named after his mother, to help girls who graduate from public schools in Maine to go to Harvard.

Twice divorced and childless, Cloutier had an active social life before he met Spadafora, a former nurse. "But she’s augmented it, because she’s much better-looking than I am," he says.

The two are notable in Palm Beach as a breed of Richistani who do not merely wear their rather humble origins proudly, but believe that is the whole point: They are living proof that anyone can make it big, and more or less anyone who likes to have a good time is welcome to attend their parties and witness five-star fun in action. For the past two Decembers the couple has brought in wounded veterans of the war in Iraq, along with the usual party crowd, for a fundraiser to help young men and women who lost limbs in the war compete in the annual Marathon of the Palm Beaches. The host and hostess always work the crowd, trying to meet everyone, if only for a minute or two.

"There are a lot of guys like him who come in with a splash and throw parties," says Richard Rampell, a Palm Beach accountant. "I’ve been to a few, and it’s a pretty vacuous life. But he seems to have more direction." Rampell was impressed that when he went to a Democratic fundraiser at Cloutier’s house, several top senators showed up, including Ted Kennedy.

Then there was the Cloutier-Spadafora party last summer in Nantucket where, according to a report in Roll Call, present and former senators Maria Cantwell, Sherrod Brown, Debbie Stabenow and John Breaux unwound from the Democratic Senatorial Campaign Committee’s annual meeting by grinding on the dance floor to the Village People’s "YMCA."

A guy who throws parties like that can make friends in high places, but he also lives with a nagging worry about being taken seriously. "But we will be who we are," Cloutier says. "We know how much we contribute to charity. We’re not promoting class warfare. We just want to have fun and do things our way. We will continue doing things our way. If someone doesn’t like that parade, that’s OK."

Dan Weil is a freelance writer based in West Palm Beach, Fla.
1 | 2 |
Printer Friendly Version  Email a Friend
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference