If you carry a luxury handbag what is your net worth?

[Anonymous]

Anonymous wrote:I think you’ll find that those who buy these name brand bags tend to be new money or have lower net worth.

I have generally found anyone using the term new money typically did nothing but inherit wealth.

[Anonymous]

Nw 10m..no luxury bags.

[Anonymous]

Anonymous wrote:Nw 10m..no luxury bags.

I forgot, I do have a couple of Ll bean totes I use every now and then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How rich are you and what bag do you carry?

Very.

Hermès Diamond Himalaya Birkin.

Reminds me of the Reddit post where someone’s mom was packing up all her rare Birkin’s to evacuate the CA fires and it was all worth easily $10M, maybe even more

[Anonymous]

NW$4M. Not rich, but I can't take it with me. Kids are done with college; house is paid off. Still working.

Got a Kelly 28 that makes me smile everytime I look at it.

[Anonymous]

DH makes about 500k per year and I make about 90k. We live in a lower cost of living area. I get bags off eBay and the real real at strap discounts. I have two lotuff bags, a fully leather Longchamp for day to day use , and three mulberry bags.

[Anonymous]

Anonymous wrote:DH makes about 500k per year and I make about 90k. We live in a lower cost of living area. I get bags off eBay and the real real at strap discounts. I have two lotuff bags, a fully leather Longchamp for day to day use , and three mulberry bags.

That's your HHI, not your net worth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think you’ll find that those who buy these name brand bags tend to be new money or have lower net worth.

This is such a myth.

You just don't know anything about luxury bags. There is a lot more to LV than the Neverfull.

I don't know why people think that only new money people where LV and the other brands. Of course they do. They also buy those handbags that are rare by those same designers. I don't like LV, but I don't think that people who carry them are broke or new money.

I think they've been watching too many influencers who are trying to sell them something..."Old Money people don't carry so-called luxury bags! LV screams new money! Old Money people know this one true secret to the perfect look -- buy this bag on my Amazon storefront!" lol.

[Anonymous]

5mil. fake prada.

[Anonymous]

~15MM. I keep a pretty tightly curated designer handbag collection which currently consists of 3 Louis Vuitton, 2 Chanel, 1 Bottega Veneta, 1 Loewe, 1 Ferragamo, 1 The Row, and 1 Proenza Schouler for nostalgia’s sake. I’m waiting for an Hermes Mini Lindy, but otherwise have no particular desire for anything else.

[Anonymous]

Nw 40M. Wealth is from our business (husband and I started together) and various investments. Husband grew up middle class and I grew up lower middle to an immigrant family.
I have a 15 yr old basic leather YSL tote 2 Chanel bags (black and beige) and a black Kelly 25. With the exception of the beige Chanel I regularly use the bags for various fitting occasions. The beige is nice to look at but I don't seem to have a lot of occasions where I reach for it. Day to day I carry a cloth tote from Target or a Baggu.
While I personally love the look of my bags I do wish they weren't so recognizable. I don't carry them around my kids school families even if it's a fitting occasion.

[Anonymous]

So, where do all you millionaires who don't have luxury bags get quality bags? What is the best value, long lasting, reasonably priced bag?

[Anonymous]

Anonymous wrote:Nw 40M. Wealth is from our business (husband and I started together) and various investments. Husband grew up middle class and I grew up lower middle to an immigrant family.
I have a 15 yr old basic leather YSL tote 2 Chanel bags (black and beige) and a black Kelly 25. With the exception of the beige Chanel I regularly use the bags for various fitting occasions. The beige is nice to look at but I don't seem to have a lot of occasions where I reach for it. Day to day I carry a cloth tote from Target or a Baggu.
While I personally love the look of my bags I do wish they weren't so recognizable. I don't carry them around my kids school families even if it's a fitting occasion.

Wow to the NW!! Congrats! Without giving too much away, curious what industry the business is in - gov contracting? Real estate?

[Anonymous]

~$72M

[Anonymous]

I only carry a lip gloss and my iphone. I have a driver. Net worth...well over 20 million.