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The real wealthy folks still are hush about their capital. The folks you see flinging cash and status around are - and always have been - the nouveau riche.
by DocTomoe 5y ago
The real wealthy folks still are hush about their capital. The folks you see flinging cash and status around are - and always have been - the nouveau riche.
- mc32 5y agoPerhaps but Bezos, Branson, Ma, Musk, etc, aren’t the quietest bunch regarding their monies. We even have those who are wealthy but need to tell us how unwealthylike they live such as Dorsey. Just be.
- deleted 5y ago[deleted]
- coldtea 5y ago>Perhaps but Bezos, Branson, Ma, Musk, etc, aren’t the quietest bunch regarding their monies. Well, those are also crude nouveaux riches. Heck, they even had to somehow work for their money (even those of them that got some hefty support from their parents). As opposed to several generations of old money.
- tonyedgecombe 5y ago>the nouveau riche I'm not even sure that many are really rich. I recently read that the average net worth of a Ferrari owner is less than one million pounds and that most Ferraris are financed. Real wealth is what you don't spend.
- coldtea 5y agoReal wealth is what you get to enjoy.
- astrange 5y agoNet worth isn’t a good measure of being rich; high negative net worth means you’re rich too. All the average people are in the middle.
- lukas099 5y agoCan you explain what you mean by this?
- astrange 5y agoLow net worth includes people with $0, but also people worth negative millions because they have a lot of debt. The only way to get that much debt is if you’re rich. It’s better to look at assets excluding debt. This also shows the problem with student loan relief, which is it mostly benefits dentists.
- tonyedgecombe 5y agoNot really, wealth is usually a measure of assets rather than income. https://www.investopedia.com/terms/w/wealth.asp https://www.investopedia.com/terms/w/wealth.asp