How much interaction do the "mass rich" have with the super-rich?

[Anonymous]

I think I'm "mass rich" (?) and the only times in my life I've interacted with the very rich have been rare and through work. I've had an opportunity to present my work to some well known tech execs and politicians. None of them would recognize me on the street I promise you.

[Anonymous]

How many super rich are in the DC area? I know there are some, but there’s a higher percentage in Palm Beach, Beverly Hills, Hamptons, etc.

[Anonymous]

The answer to your questions is : very little interaction.

[Anonymous]

Anonymous wrote:Through the kids' schools. Beyond that the super rich live in a world unto themselves.

This. I grew up on the low end of mass rich and went to school with several kids whose families were on the Forbes 400 including George Soros and Rupert Murdoch. Our parents were not friends.

[Anonymous]

What is really rich?

Is it anyone over 100 million?

[Anonymous]

Anonymous wrote:What is really rich?

Is it anyone over 100 million?

Really rich is family money without having to work yourself ... or being able to retire now and keep up your standard of living for you and your kids until you all die in old age. Of course, many of the really rich do work, and many of them are well-paid on top of the family money. (Anderson Cooper, for example).

Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is really rich?

Is it anyone over 100 million?

Really rich is family money without having to work yourself ... or being able to retire now and keep up your standard of living for you and your kids until you all die in old age. Of course, many of the really rich do work, and many of them are well-paid on top of the family money. (Anderson Cooper, for example).

Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Fine I’ll bite.
We don’t have to work. Our children will not have to work, and provided there ain’t some kind of major catastrophe, their children won’t have to work.
But we live like middle / upper middle class people.
We drive a Hyundai.
You would never know, so I assume there are other families like ours. I would assume there is some deep family money in those areas and for obvious reasons, it’s not spoken of.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is really rich?

Is it anyone over 100 million?

Really rich is family money without having to work yourself ... or being able to retire now and keep up your standard of living for you and your kids until you all die in old age. Of course, many of the really rich do work, and many of them are well-paid on top of the family money. (Anderson Cooper, for example).

Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Fine I’ll bite.
We don’t have to work. Our children will not have to work, and provided there ain’t some kind of major catastrophe, their children won’t have to work.
But we live like middle / upper middle class people.
We drive a Hyundai.
You would never know, so I assume there are other families like ours. I would assume there is some deep family money in those areas and for obvious reasons, it’s not spoken of.

Ain’t is a very strange autocorrect. Should be isn’t.

[Anonymous]

Some. Our kids go to the same school and play on the same sports teams. We’ll occasional be at the same parties, on the same committees, etc. Some of my fellow poor rich friends are really good friends with these super rich and interact more than I.

[Anonymous]

I attended an elite university and the really rich people did not really socialize with the rest of us students. They had their own social events, left campus more frequently than the rest of us for New York and Europe, etc. They spend most of their lives in their own little bubble and this is why they say ridiculous things like "If you don't have anything suitable to wear to that event, then why don't you just go shopping?" or have the housekeeper do it, or something like that.

[Anonymous]

Anonymous wrote:I attended an elite university and the really rich people did not really socialize with the rest of us students. They had their own social events, left campus more frequently than the rest of us for New York and Europe, etc. They spend most of their lives in their own little bubble and this is why they say ridiculous things like "If you don't have anything suitable to wear to that event, then why don't you just go shopping?" or have the housekeeper do it, or something like that.

Harvard or Brown?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Through the kids' schools. Beyond that the super rich live in a world unto themselves.

This. I grew up on the low end of mass rich and went to school with several kids whose families were on the Forbes 400 including George Soros and Rupert Murdoch. Our parents were not friends.

Yes, they stay away and isolated. It is very sad condition to be super rich. They are afraid of little people who
might ask them for something.. opportunity .. money.. etc. They don't want to be bothered.
It is a lonely lonely isolating world. It so much more fun to be poor. You can actually
be among people and interact with them on normal human level without all that
distance and protection from them. You can live in normal homes among other homes
without gates, security people, armed cars and without worry that someone
is after you all the time. What a feeling of freedom that no money can buy.. priceless freedom.

Good to be poor.

[Anonymous]

Anonymous wrote:I'd say I fit the definition of mass rich, and the only interaction I have with the super rich is interacting weekly with the CEO of the company I work for. He's worth at least 50M.

Some professions are likely going to have more interactions - attorneys, financial planners, concierge doctors, high-end hospitality, etc. But for an average professional without a career tied to the ultra wealth, probably not a ton of interaction.

This is probably right. I am sure I have shared ski lifts with the ultra rich in Park City or Vail, but we don't stay in the same places. I am sure I have been in the restaurant dining rooms with the ultra rich, in DC, NYC, or on vacation in Paris, Maine, or Singapore. But for us those are splurges; they aren't for them.

Beyond that, not much interaction

[Anonymous]

Anonymous wrote:Some. Our kids go to the same school and play on the same sports teams. We’ll occasional be at the same parties, on the same committees, etc. Some of my fellow poor rich friends are really good friends with these super rich and interact more than I.

Your fellow poor rich friends confuse the
"charitable interaction with less fortunate" by the super rich
with with being "good friends".

Ask them to "test their friendship" you know what friends are for right?
See what they will do.

[Anonymous]

Anonymous wrote:Basically they share the same roads as the darkened limos and other chauffeur driven cars of the uber rich pass
by the poor rich people on the same highways.

Oh, and also.. when the "rich people" go to places like Balducci to do their shopping, they rub their shoulder
with the nannies and housekeeper of the super rich who never lower themselves to such a lowly tasks.
Does this count?

Otherwise, they can observe them as they play at the golf courses that cost 80K and up a year
from their windows across the street in Chevy Chase or Bethesda.

That is about as much interaction is going on because once they would bump into each other
what would they really talk about? The two world have very different problems. Very different
problems. They also speak different language and the whole conversation would be
sort of like a smart toddler talking with an adult kind of thing.. an adult will nod and
smile and the toddler would try to impress his ass off.

Oh my gosh. I love this answer.