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

[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.

Yeah that’s exactly the UMC striver set we are talking about. The biglaw partner types.

Our STA class is dominated by CEOs and generational wealthy families with a few law firm types sprinkled in.

[Anonymous]

There is a sizable number of families that have significant wealth that don't live in the $8M mansions in Normanstone-Woodley. They live in their "normal" $2M homes in AU Park, Chevy Chase, Kent, Berkeley, Spring Valley that they bought when their kids were younger and have stayed in their homes. One parent is a big law parter bringing in $2M+ a year for over a decade, the other is a SAHM or works for a non-profit/NGO/school/university. They have 2-3 kids attending private school, donate regularly to the school(s), have a second home that they don't need to rent out, and generally live unremarkable lives. The families that splash out aren't necessarily the wealthiest in DC--that's just not the DC vibe. Educational pedigree and low key striver are the hallmarks of this set.

[Anonymous]

Anonymous wrote:There is a sizable number of families that have significant wealth that don't live in the $8M mansions in Normanstone-Woodley. They live in their "normal" $2M homes in AU Park, Chevy Chase, Kent, Berkeley, Spring Valley that they bought when their kids were younger and have stayed in their homes. One parent is a big law parter bringing in $2M+ a year for over a decade, the other is a SAHM or works for a non-profit/NGO/school/university. They have 2-3 kids attending private school, donate regularly to the school(s), have a second home that they don't need to rent out, and generally live unremarkable lives. The families that splash out aren't necessarily the wealthiest in DC--that's just not the DC vibe. Educational pedigree and low key striver are the hallmarks of this set.

On the other hand, the truly rich are not necessarily “splashing out,” many have needs (space for staff, security, etc) that random big laws never have to consider.

[Anonymous]

Anonymous wrote:100% agree with Landon poster that the $6-8M homeowners are, like the rest of us, sending their children to a range of local private schools for all the reasons listed here’s by other parents. And, yes, there are plenty of ultra wealthy at Big3/5 too. It’s just a range. What I’m calling BS on, however, is that there is any statically significant number of such families sending their child to publics IN THIS AREA (looking at your Beverly Hills poster). Do not believe that that is happening in this area for a single minute.

Totally agree. I live in 20817 Bethesda. Virtually nobody who lives in even a 3 million dollar + home does public in our area. At our country club close to 90% of the member kids go to private schools.

Why have all this money and send your kids( the most important people in your world) to a government run school?

[Anonymous]

Anonymous wrote:

Anonymous wrote:100% agree with Landon poster that the $6-8M homeowners are, like the rest of us, sending their children to a range of local private schools for all the reasons listed here’s by other parents. And, yes, there are plenty of ultra wealthy at Big3/5 too. It’s just a range. What I’m calling BS on, however, is that there is any statically significant number of such families sending their child to publics IN THIS AREA (looking at your Beverly Hills poster). Do not believe that that is happening in this area for a single minute.

Totally agree. I live in 20817 Bethesda. Virtually nobody who lives in even a 3 million dollar + home does public in our area. At our country club close to 90% of the member kids go to private schools.

Why have all this money and send your kids( the most important people in your world) to a government run school?

Does private

[Anonymous]

Granted, I'm not in the DMV. But in my town there are multiple billionaires and ultra wealthy families and all of their kids are at public school. They take about it sending their kids there like a badge of honor, but to be fair they are some of the top schools in the state. One billionaire even pulled his kids from private to public and ended up on the school board (not necessarily a good thing though).

[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.

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.

It is true that generational wealth allows families to find a fit and not worry about prestige....but to say they aren't at Big 3 or Ivy bound in naive. These kids do attend Big 3 schools and boarding schools with prestige, and sometimes they are getting high GPAs...but because of their connections, sometimes they aren't grinding it out in the hardest classes....and yet they still go to Ivy league schools because of wealth and connections.

[Anonymous]

Langley school is a big one on this side of the river! Never met a group of ultra rich, huge spenders, over privileged and mega wealthy like this one. Long weekends in aruba, bahamas, Breck and vail, spring break in morocco and Montana, summers in croatia and Italy. Generational wealth and big time money.

[Anonymous]

Anonymous wrote:

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?

haha, I was going to say Foxhall near Dexter?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

In that area. I guess I should note the list is that high, they are not all sold. Still, two families with young kids nearby have each put $10 million plus into real estate projects in the last couple of years.

Actually, it’s 3. I just recalled another.

Didn't one Foxhall family with younger kids recently list their home $30 plus mil house as they moved to FL?

[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.

The few ultra rich we know send their kids to the smaller private schools that seem more nurturing. I don’t know where they will go for high school.

Over the years, I have met children of rich families who are not impressive at all in any category. They are adult children who depend on their parents. I think it is a bit sad actually when they rely on grandparents for tuition, home and they basically have an allowance from their trust fund.

I'd love to be sad in that kind of way. I'd trade being melancholy on a beach in the south pacific for my commute in a heartbeat

The people I’m thinking of are not THAT rich. They have a grandparent who did well and wealth being spread thin between many grandchildren. The grandchildren are the ones who didn’t do so well in life.

[Anonymous]

Kind of a dumb question, in that it assumes rich people are homogeneous and interchangeable. Each family has different needs, wants, priorities, etc. for their sons and daughters, same as ordinary folks like you.
Also, why do you care? Do you want to send your own kids to the same place so you can rub elbows?

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are so many privates in moco/dc! Which ones have the wealthiest populations?

Bullis in Suburbs and Sidwell in DC.

How can you possibly know this? Do you have finance data? Sidwell can’t raise enough money for its new campus, and the only reason it’s close now is because of two large individual donations. Sidwell has wealthy families, but it’s mostly striver families, not Uber wealthy, in our experience.

[Anonymous]

Anonymous wrote:Langley school is a big one on this side of the river! Never met a group of ultra rich, huge spenders, over privileged and mega wealthy like this one. Long weekends in aruba, bahamas, Breck and vail, spring break in morocco and Montana, summers in croatia and Italy. Generational wealth and big time money.

Do you mean the private school known as little Langley, or Langley HS?

[Anonymous]

Anonymous wrote:There is a sizable number of families that have significant wealth that don't live in the $8M mansions in Normanstone-Woodley. They live in their "normal" $2M homes in AU Park, Chevy Chase, Kent, Berkeley, Spring Valley that they bought when their kids were younger and have stayed in their homes. One parent is a big law parter bringing in $2M+ a year for over a decade, the other is a SAHM or works for a non-profit/NGO/school/university. They have 2-3 kids attending private school, donate regularly to the school(s), have a second home that they don't need to rent out, and generally live unremarkable lives. The families that splash out aren't necessarily the wealthiest in DC--that's just not the DC vibe. Educational pedigree and low key striver are the hallmarks of this set.

Blah blah blah. Every city has this low key wealthy demographics. We're not talking wealthy. We're talking about genuinely rich. Maybe they only have a 4-5M house in DC but they'll have a 10 M house on Nantucket. Plus a 25M house in Miami. And Aspen. And London. There's an entire different milieu of wealth that most of you have no real exposure to and have no real idea how they live.

Look, having 10M in the bank and a 2M house in CC plus a 1M summer house on Cape Cod (maybe now worth closer to 2M but you paid 1M for it ten years ago) is entirely different from having a net worth in the hundreds of millions into billions. Even just 100M is wholly different from low key gentry Chevy Chase.