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Great snakes! That's because $100 million is really a 'tweener number: You can be Richie Rich among your upper-middle-class friends or a hanger-on in the superr
by bediger 15y ago
Great snakes! That's because $100 million is really a 'tweener number: You can be Richie Rich among your upper-middle-class friends or a hanger-on in the superrich crowd.
It takes tens of millions to be an upper-middle-class person? That would be news to most of us, and to the IRS, I bet.
It appears that this whole article is skewed by the editorialist's particular place in the very rich of society. I think that everything else he writes should be examined carefully.
- cellis 15y agoYeah, I think he meant that $100 million makes you richie rich among the HNWI set, just "one of the guys" in the UHNWI set, and downright poor in the billionaire set. I'm pretty sure being worth $100 million makes you a serious "What-are-you-doing-here?"/"superrich" among upper middle class (folks making < $250k/yr).
- deleted 15y ago[deleted]
- byoung2 15y agoI think He means that to an upper middle class person, someone who is worth $100 million (say with 5-10% of that liquid) would be superrich. This might be someone who was a startup founder whose company was acquired for a large cash + stock deal. If he hangs out with Bill Gates, his money wouldn't be as impressive.
- sliverstorm 15y agoWell, I think it would be useful to make a distinction. There are a few kinds of wealthy. Moderate wealth requires maintaining and wisdom. However, there comes a point where you have so much money you could spend like a fool for the rest of your life and never run out of money. I could see $100 million teetering around that point.