in this exclusive phone interview, walter anderson acknowledges his success. >> we were at the right place at the right time. we got very lucky. we -- on paper, the value, by, certainly, 1999, was over $400 million. >> quick: throughout the late '90s, anderson travels by private jet, purchases expensive artwork, and donates more than $40 million to fund private space exploration. >> walter anderson played an important role in actually getting the first space tourist, dennis tito, up to the international space station. >> quick: tito, wide-eyed, weightless, but feeling right at home. in 1998, anderson's british virgin islands holding company, gold & appel, earns $126 million. but he reports just $67,000 in income and pays less than 500 bucks in federal income tax. the irs begins investigating anderson, but the millionaire says he has no reason to be concerned, claiming that his offshore companies had been created to fund charitable ventures and that he would not personally see any of the profit. >> i can't do anything that would effectively move money from gold & appel into my pocket.

the way, at the exhibit here, you can also see wax figures of famous newscasters like anderson cooper and barbara walters. look, there's even one of me -- guess i'm famous. well, maybe not yet. for "teen kids news," i'm carina. >> that's it for this edition of "teen kids news." >> thanks for watching. see you next week.