What's your net worth?

[Anonymous]

LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:checked last night with the wife. 870k all in, including home equity. we're both 30 years old

140k home equity, 300k by me, 430k by her

at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age

Inheritances also skew everything. We make significantly more than most of our friends and save a ton but many of them are getting $10-20M+ inheritances (some are already starting the transfer process or whatever it’s called).

Do your friends tell you the size of their inheritance? I am always shocked when people claim to know dollar figures for their friends' income, net worth, inheritance, etc. I'm in my mid-40s and my friends and I never ever talk about this.

PP you quoted here, and yes, they do - we openly talk about all this but we’ve all been friends for 5-10 years minimum. Early 30s (so the “younger” millennial generation).

I'm the one who asked the original question. Maybe the difference is generational. My close friends from high school and college know a lot about me but finances is a topic we never touch.

[Anonymous]

My NW has gone up over 10% in the past 5 months with the market. Over $1 M more on paper anyway.

[Anonymous]

Divorced. Two teens. $4.25mm. Age 49. HHI $430k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

DC doesn't have any real wealth. Just UMC strivers

The Wealth-X Ultra High Net Worth report just released has DC ranked at #9 city globally for number of UHNW >$30M people

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

DC doesn't have any real wealth. Just UMC strivers

The Wealth-X Ultra High Net Worth report just released has DC ranked at #9 city globally for number of UHNW >$30M people

Guessing on paper most of them, while living in DC, actually have established residency in VA through a country house there to avoid DC estate taxes. Too bad DC is missing out on their income taxes.

[Anonymous]

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

[Anonymous]

Anonymous wrote:

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

NP. I thought the same thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

NP. I thought the same thing.

Haha! Same here!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

NP. I thought the same thing.

Haha! Same here!

I disagree. I think it was a pretty clever way of saying that your net worth is nobody else's business but in a very clever way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

+1 The richest partner at my firm absolutely took this deal when offered it. OP and her husband blew it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

DC doesn't have any real wealth. Just UMC strivers

The Wealth-X Ultra High Net Worth report just released has DC ranked at #9 city globally for number of UHNW >$30M people

what are the other 8?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

DC doesn't have any real wealth. Just UMC strivers

The Wealth-X Ultra High Net Worth report just released has DC ranked at #9 city globally for number of UHNW >$30M people

what are the other 8?

NYC, HK, Tokyo, LA, London, Paris, Chicago, SF, DC, Dallas.

SF ranking lower than Chicago is a surprise. And Dallas is on the list while Dubai and other Middle Eastern cities are not on the list?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

DC doesn't have any real wealth. Just UMC strivers

The Wealth-X Ultra High Net Worth report just released has DC ranked at #9 city globally for number of UHNW >$30M people

what are the other 8?

Found this
https://www.statista.com/chart/15360/the-top-10-cities-with-the-highest-ultra-high-net-worth-population/?srsltid=AfmBOooliV_TnxgVNS5UyN5xUoDw-TYV5xQhiGM1snplpXV_nGtvVLIC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL, quite a few years ago my husband was working on a deal with one of the world’s largest private equity firms. When the firms CEO asked my husband how much he was willing to invest in a deal my husband said “your firm will never invest more than 10% of a fund in a deal so my max is 10% of my net worth”. When he was asked what his net worth was he said only my wife knows that. I think net worth is very personal and private. When my husband told me this story I was very proud of him. Better yet, he didn’t do the deal.

This is the stupidest thing I have ever read on this site, and that is saying something.

NP. I thought the same thing.

Haha! Same here!

I disagree. I think it was a pretty clever way of saying that your net worth is nobody else's business but in a very clever way.

Not clever or concise or meaningful. A boring TLDR.