Where do the people in the $6/7/8m+ mansions in send their kids?

[Anonymous]

Wherever they want.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.

Many ultra-wealthy people don't care about the brand of high school their kid attends. You'll find the most desperate brand-chasers among the upper-middle class, people who are on the periphery of elite status, but not quite there.

When you live in a $8 million mansion, it doesn't matter where your kid goes to school. They're set.

The richest family I know (worth over $100 million) was heavily sought after by every top school in DC and chose Landon because they liked the campus environment and culture.

Spot on. There's a level of generational wealth where it really doesn't matter where you go to school. The same thing applies to college. These kids are not grinding at St. Albans or NCS and gunning for Yale or MIT. They're very happy to go to Miami or an SEC school because it's fun. Studying hard is for the proletariat and people that go into the trades.

[Anonymous]

At a certain point the wealthy don’t want or need to put that kind of pressure on their kids to get into ivies or name brand schools bc the kids are already set for life.

[Anonymous]

This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.

Many ultra-wealthy people don't care about the brand of high school their kid attends. You'll find the most desperate brand-chasers among the upper-middle class, people who are on the periphery of elite status, but not quite there.

When you live in a $8 million mansion, it doesn't matter where your kid goes to school. They're set.

The richest family I know (worth over $100 million) was heavily sought after by every top school in DC and chose Landon because they liked the campus environment and culture.

Yes this is exactly right. My kids attend a private that is constantly looked down upon on DCUM and it has many astonishingly wealthy families. They aren’t worried about impressing any of the strivers like the people who post frenetically on this board or the college one. I think more than anything having money is of course nice because you can afford very nice things, but really it gives you freedom from constantly worrying about impressing others. You can choose the school that is right for your kids rather than impressing the neighbors.

+1. My child’s school events included box seats at major stadiums. Parents who get tired at social events might pick up the entire bill for an entire grade in order to gracefully end the night. We were surprised by the ultra wealthy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.

Maybe they did not get admitted. Things have changed. Being wealthy is not an automatic in.

That’s sometimes true. The other explanation seems to be that the “big 3” type schools are rigorous. Super rich doesn’t mean super hard working, and often these families don’t have any interest in that. They have tons of money, so why have your kids work so hard.

[Anonymous]

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

[Anonymous]

The only new billionaire I know sends their kids to the Close. There are a few other folks who I know have had 70-100 million dollar years there as well. I am also aware of some super wealthy people who send their kids to Maret. Generally speaking though, as is clear by this thread, most do not know who has what or where their kids go to school and are only speculating here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

You live in Foxhall?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

Correct.
Top home sales in 2022:

Overall: Upperville, VA $23.5
Arlington: $4.2
Alexandria: $4.5
Fairfax: $10.5
DC: $11.5

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The richest people I know don’t send their kids to “big 3” or similarly recognizable schools. Idk why, and I was surprised by it.

Maybe they did not get admitted. Things have changed. Being wealthy is not an automatic in.

That’s sometimes true. The other explanation seems to be that the “big 3” type schools are rigorous. Super rich doesn’t mean super hard working, and often these families don’t have any interest in that. They have tons of money, so why have your kids work so hard.

On the other hand, some super rich families (ie billionaire or near billionaires) where the grand parents are paying ABSOLUTELY insist on those schools. I know of at least a few.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is ridiculous, they definitely go to private schools here. The super rich I know go to St. Albans, Landon, NCS, Sidwell, and boarding schools.

Agree with this. My kids are at STA and NCS and I have been to many homes that are worth more than $4 million and countless worth over $2.5.
Most of this money is self-made by highly educated, smart people. Smart people generally (not always of course) have smart kids.
I get the relfex to say "oh, they're all a bunch of trust fund idiots" but no--I find that at these schools they're usually a pair of Harvard law grads with undergrad degrees in math and history from Stanford.

The conclusion from this thread is that some wealthy people send kids to STA/NCS, others send their kids to minor private schools, some send theirs to public schools.

FYI I wouldn't necessarily place $4M houses in the category of the superwealthy. That's law firm partner bracket.

$10+M house and now you're talking. That's successful founder of a tech company that sold out to Amazon.

There simply aren't that many $10million+ homes in the DMV. An even smaller number have school-aged children.

I have at least 5 on my block and 20 within walking distance here in DC.

Yeah, there are 9 homes above $10 million for sale in the District right now.
But are they actually selling? NO
At least half have been on the market for 6 months and several for over a year.