Our net worth is way higher than yours and I nor my friends by those items. That are for the Russian girl friends and people like Lauren Sanchez or other girl friends of the Oligarchs |
PP didn't cite her net worth. She said their household income is $2 million. No telling what her NW is. |
|
If you say the same size and buy semiclassic pieces you can build a wardrobe and then get a couple new things a year including one trendy or memorable piece.
You can also get rid of stuff on consignment. |
Yeah, I understand you don't care about flyover country. But, we do have these stores and the merchandise here. And execs here aren't paid NYC money. It's much cheaper to buy mansions here, etc. And a lot of the highly-paid execs are in manufacturing which doesn't pay like finance, etc. I see the designer dresses in social pages for charity events and galas. Our pro athletes are paid insane money. Maybe it's more that ecosystem. We also have some locals who are A-list celebrity musicians. We do have wealthy immigrants but I do not think there are a ton of the very richest with wealthy families overseas. More like high-end surgeons and so forth. The executive class is the only one left that has the kind of money needed. We do have old money preppy types here...they do not dress in Euro designerwear here either. |
|
I met Simone Biles recently through a random work thing. She was wearing all LV jeans, blouse, etc.
Some people would balk at my spending $150 on a pair of jeans, but with my HHI (~$1.5M), it's reasonable. If my HHI were higher, then I could see adding a zero to what I consider "normal" for a piece of clothing. |
| People who prioritize it. It’s not my thing but I spend $100k a year on the things I like. |
This is me and, keep going up đŸ˜‚ maybe $2mm+ |
I was going to say this. Foreign tourists are who is buying this stuff-not Americans. Even in nyc and Vegas, the big buyers are foreign tourists. That’s why if you interview to work at these stores, it is a huge plus if you speak Mandarin, Arabic or Russian. I worked in luxury retail and I speak two of these languages (not native fluency but well enough to hold a conversation and sell you a coat), and it was a huge plus to both my employer and customers. |
OP here - Please tell us more. |
When I go to the Galleria I usually see middle eastern people walking around in expensive outfits. |
My parents lived in Saudi Arabia for a few years for my dad’s job. My mom became friendly with some Saudi women who were connected to the royal family and would go to their social events. She said the amount of wealth displayed there was jaw dropping. The ladies would go to Paris and buy out entire designer collections just to wear once. |
Same. Our HHI is about 1.5 and my clothes are from J Crew and Target. A $5000 dress is not in my budget. |
| The women who buy this stuff are billionaires, wife's or mistresses of billionaires or daughters of billionaires. There are enough billionaire on this planet so sell our Chanel couture every year, believe me. This isn't mass produced stuff. They probably make 100 of each style. |
Totally. You could wear a Tahari purchased from TJ Maxx years ago and Americans at any event will compliment it today just as much as a designer item. I like that about us. |
I also want to hear more! |