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

[Anonymous]

Anonymous wrote:How much interaction does your typical person in a rich suburb of the professional-managerial class (say a Chevy Chase or Greenwich) have with the "out of sight" rich?

And where would you draw the line between the "mass rich" and the really, really rich?

Not much, likely ran into such types at ugrad and grad school. Also at fundraiser dinners, maybe at work. Many are international folks, try a yoga class in Mayfair, London.

[Anonymous]

Anonymous wrote:What is really rich?

Is it anyone over 100 million?

Living off the interest of your interest. wealth wealth wealth is the best flywheel. not ordinary income!

[Anonymous]

We are the 'working rich' on a street of mostly inherited wealth rich. Not much in common, nor do our paths intersect.

[Anonymous]

Anonymous wrote: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.

Having seen the articles on the Rich Kids of Instagram with some of the screen shots of the idiotic ostentatious pictures they post, I think you are giving the super-rich way too much credit here.

[Anonymous]

Anonymous wrote:We are the 'working rich' on a street of mostly inherited wealth rich. Not much in common, nor do our paths intersect.

How do you know your street is mostly "inherited wealth rich"? I doubt there's a single street in the DC area where a majority are inherited wealth.

[Anonymous]

Anonymous wrote:I think super rich means that you don't fly commercial and that what you spend on PJ's is of little concern.

HHI < 250K, and what we spend on pajamas isn't a significant concern in our budget, either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think super rich means that you don't fly commercial and that what you spend on PJ's is of little concern.

HHI < 250K, and what we spend on pajamas isn't a significant concern in our budget, either.

Lol!

[Anonymous]

Anonymous wrote:How much interaction does your typical person in a rich suburb of the professional-managerial class (say a Chevy Chase or Greenwich) have with the "out of sight" rich?

And where would you draw the line between the "mass rich" and the really, really rich?

As someone who grew up in Middleburg and going to school and socializing with the truly wealthy American dynastic families. I can say there no no cross over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:To put it in perspective, how often do you (UMC) hangout and socialize with your landscaper? ...not the owner but the guys cutting your lawn? The is a far greater difference between someone with $80million+ Net Worth and your, say, $2 million NW than between your $2 million NW and that of your landscaper’s.

The ultra wealthy are an entirely different stratosphere of power and influence able to affect many areas of our society and future.

The UMC and lower wealthy live luxurious lives compared to most but still have little or no power in comparison to the ultra wealthy.

All the time. My landscaper is a nice guy. Got him his largest gig in a whole condo development and talk to his crew.

You talk to your landscaper? So what?

[Anonymous]

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

This is true and it has been a freaking head trip. HHI of $700kish but basically lead a normal life in a normal-sized house in a middle class (not UMC) neighborhood, but send our kids to a top private. I'd honestly never even talked to the super rich before.

[Anonymous]

Though their kids attend the same school? The parents are never there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:^ This is why the "normal rich" can delude themselves that they're "middle class" in some way. After all they are "in the middle" between their secretary and the super-rich who feel they snub them.

Its bc most working professionals making 7 figures like law firm partner, surgeon, lobbyist, finance type grew up as upper middle class so they feel middle class and typically aren't big spender flashy types in this area. These are not typically trust fund types, but smart people from educated upper middle class backgrounds. The trust fund types typically have much lower paying jobs, like working at nonprofits or in the media. They don't need the $$ so don't need/want those long hours professional jobs.

Yeah, you'll never find a surgeon driving a sports car...

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think super rich means that you don't fly commercial and that what you spend on PJ's is of little concern.

HHI < 250K, and what we spend on pajamas isn't a significant concern in our budget, either.

Honest to goodness, I read that like 3 times before I figured out that it wasn't talking about pajamas!

I guess that, more than anything, is an indication that I am definitely not super-rich.

[Anonymous]

Anonymous wrote:

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.

True, but you also can have all the same freedoms being UMC or "mass rich", except not have to deal with poor people problems and enjoy some comforts and a few luxuries. You are not going to be inundated by solicitors unless you are a very high networth individual and then you can hire someone deal with it. You have to be very rich or famous to require guards and armed cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are the 'working rich' on a street of mostly inherited wealth rich. Not much in common, nor do our paths intersect.

How do you know your street is mostly "inherited wealth rich"? I doubt there's a single street in the DC area where a majority are inherited wealth.

Um, yes there is. Ask a high end realtor. It is notorious and very well known amongst people who care about segregating themselves from the striving masses.