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

[Anonymous]

There’s a lot of tech and sports money at Potomac

[Anonymous]

Anonymous wrote:Holy Child in Potomac has an extremely wealthy student family population.

Oh please, you have no clue what everyone means by wealthy.

[Anonymous]

Anonymous wrote:

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.

You'll find out who the uber wealthy are when college admissions results come back....

[Anonymous]

Anonymous wrote:

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.

The very wealthiest DC family I know inherited about a billion. They live in a lovely, but not $10 million, home in Spring Valley. But that's just one of their homes around the world. Their children have gone to three private schools in the area, which I will not name because I wouldn't dream of outing them. However, none of them went to STA, NCS, or Sidwell. The truly generational rich are much less striving than the law firm partner class.

[Anonymous]

The wealthy families at Sidwell, who live in $6M+ primary homes, seem to value both hard work and drive. There’s a subset of the uber wealthy that really want it all—wealth, power, prestige, and the most elite education for their children. They are not raising their children to be rich and lazy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

The very wealthiest DC family I know inherited about a billion. They live in a lovely, but not $10 million, home in Spring Valley. But that's just one of their homes around the world. Their children have gone to three private schools in the area, which I will not name because I wouldn't dream of outing them. However, none of them went to STA, NCS, or Sidwell. The truly generational rich are much less striving than the law firm partner class.

This is one anecdote. I know 3 billionaire or very near families and all of their kids go or went to the schools above.

[Anonymous]

Anonymous wrote:

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?

Wasn’t even thinking of them as the people I am referencing have much, much more wealth. We ain’t talking salaried types punching a 6-7 pm time slot work card.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

The very wealthiest DC family I know inherited about a billion. They live in a lovely, but not $10 million, home in Spring Valley. But that's just one of their homes around the world. Their children have gone to three private schools in the area, which I will not name because I wouldn't dream of outing them. However, none of them went to STA, NCS, or Sidwell. The truly generational rich are much less striving than the law firm partner class.

This is one anecdote. I know 3 billionaire or very near families and all of their kids go or went to the schools above.

Sure, Jan.

[Anonymous]

Anonymous wrote:The wealthy families at Sidwell, who live in $6M+ primary homes, seem to value both hard work and drive. There’s a subset of the uber wealthy that really want it all—wealth, power, prestige, and the most elite education for their children. They are not raising their children to be rich and lazy.

Or - those are the ones whose kids can also manage to handle it to some extent. Again - not necessarily running with the front of the pack, but managing to keep up respectably in the middle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

The very wealthiest DC family I know inherited about a billion. They live in a lovely, but not $10 million, home in Spring Valley. But that's just one of their homes around the world. Their children have gone to three private schools in the area, which I will not name because I wouldn't dream of outing them. However, none of them went to STA, NCS, or Sidwell. The truly generational rich are much less striving than the law firm partner class.

Probably didn’t get in. Yup it happens.

[Anonymous]

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

All schools have wealthy parents but I guess the question is which schools have the MOST number of wealthy families and I would say St. Albans, NCS, and GDS.

[Anonymous]

Where did the Marriott’s all go? Holton, Norwood?

[Anonymous]

Anonymous wrote:Where did the Marriott’s all go? Holton, Norwood?

STA.

[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?

This!

My neighborhood has homes 2.5M-6M and I don’t know anyone who sends their kids public. The range is Big 3 to small catholic, and all types of private schools between. I do know a few families at the country club who have their kids in public schools, usually a selective public or a highly regarded one. Some of those families will do boarding school for high school though. Wealthy people spend their money on their kids and that means private school, lots of extracurriculars, sleep away camps, good quality childcare (often nanny or SAHM). Not all of them buy flashy cars or clothes, but nearly all spend on their kids.

[Anonymous]

Anonymous wrote:

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

All schools have wealthy parents but I guess the question is which schools have the MOST number of wealthy families and I would say St. Albans, NCS, and GDS.

If you really want to metric for this (most number of wealthy parents) pull up the annual report and see how many families donate at those top levels. I think you’ll find many of them are very similar. When you are talking Big 3 or 5 or 9 or whatever, you’re basically splitting hairs and the wealthy will be relatively well distributed among all of them depending on where their kids fit best.