How 5 Super-Rich Places Got Such Fancy Names

Beverly Hills

Photo: Andy Whiteley/Flickr

See How 5 Super-Rich Places Got Such Fancy Names >

This post originally appeared at Mental_Floss.

More from mental_floss

  • 22 Fictional Characters Whose Names You Don’t Know
  • 5 Great Love Stories That Weren’t Really All That Great
  • From Text Neck to Hogwarts Headache: 6 Thoroughly Modern Injuries
  • 5 Crazy Ways People Amused Themselves Before Television
  • 19 Outstanding Words You Should Be Working Into Conversation

1. Martha's Vineyard

2. Beverly Hills

3. Fisher Island

This elite island just off the Florida mainland had the highest per capita income in America in 2010 and is home to celebrities like Oprah Winfrey, Julia Roberts, and Andre Agassi. The island is named after Carl G. Fisher, who owned it from 1919-1925. Fisher was an entrepreneur, and as wealthy and interesting as any of the people who now inhabit his island.

Fisher was a larger than life character. He married one woman while engaged to another. He set up and participated in many crazy automotive and bicycle stunts, often injuring himself. He was played a key role in starting the Indianapolis 500. He palled around with Teddy Roosevelt and Thomas Edison. And for most of his life he was filthy stinking rich.

Born in 1874, Fisher suffered from a severe astigmatism, which greatly limited his sight. Despite this, he went into business, opening a small bicycle shop with his brother. His interest soon moved from bikes to cars and his first big break came when he bought a share in the patent of the first car headlights in 1904. When he sold his share nine years later he made $9 million.

Not content to rest on his laurels, Fisher went on to open the first car lot in America, advance various areas of motor racing, and conceived and developed the Lincoln Highway, the first interstate highway that stretched 3,400 miles across the whole country.

Having tired of automobiles, he turned to real estate. Miami as we know it would not exist without Fisher, who was instrumental in the development of the area. To draw national attention to Miami, he set up a photo op of then-President Warren Harding using an elephant as a caddy on a Miami golf course.

The Florida real estate bubble burst in 1925, so Fisher moved his interests to Long Island. Since he no longer had need for his private island, he traded it to William Vanderbilt for an expensive yacht.

Fisher lost most of his money in the stock market crash of 1929 and considered himself a failure. His opinion was unfounded though, and in 1998 a panel of historians voted him one of the 50 most influential people in Florida's history.

4. Nob Hill

5. The Hamptons

More from Mental_Floss

NOW WATCH: Executive Life videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.