Wealthy Southerners

[Anonymous]

Good thread. I took most of the names of the universities and scratched them off my "to visit" list for DCs. Absurd stories about SMU. University life is about learning not strutting your birkin bag. Silly people

[Anonymous]

Anonymous wrote:how does wealth in places like Nashville and New Orleans compare to Texas? And in Nashville is every rich person connected to the music industry?

No. Nashville has a diverse economy.

[Anonymous]

Seems to me like the Old South, as well as New York and New England, has more of an old world or British class system - where your family name, the way you speak and what schools you attend mark you socially - compared to much of the rest of the country. Texas, the Midwest and the Western states seem to be much more "open" societies in that respect.

[Anonymous]

The thing about "old money" is that if it is put properly in the right hands, it tends to grow significantly. The compunded rate of return on money over time is staggering, thus a fortune made 100 years ago can sustain many people a century later.

Wealth survives in the right hands.

[Anonymous]

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Wow, very interesting. Do you think you could give us a ballpark figure of what kind of net worth your family has? Or what kind of net worth the "more money than you could imagine" Ole Miss folks have? Because I find it hard to imagine anyone in Mississippi having more than, say, $10 M...just because there doesn't seem to be a very healthy economy in that state and everything is so cheap. But I'm open to hearing otherwise!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Wow, very interesting. Do you think you could give us a ballpark figure of what kind of net worth your family has? Or what kind of net worth the "more money than you could imagine" Ole Miss folks have? Because I find it hard to imagine anyone in Mississippi having more than, say, $10 M...just because there doesn't seem to be a very healthy economy in that state and everything is so cheap. But I'm open to hearing otherwise!

Honestly, I have no idea. We have a ton of land that has been in our family for generations. A lot of it is still used for crop - mostly cotton. I have no idea how much is in the accounts. Someone else manages all that stuff. My daddy retired at 50, but I know he never needed to work. My mother has always been very active in church and community stuff, but never worked for money. I think if you are not from that type family maybe it's hard to understand. We did not live an extravagant lifestyle. No one is really spending a lot of money. It just sits there. My parents have been generous with gifts. But otherwise, I don't think anyone really touches the money. I guess that seems really odd to most people. But money is just not discussed in our family.

[Anonymous]

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Braggy, braggy, braggy. And can you hear yourself? You seem pretty pleased at your family wealth, as though it means your family was necessarily good people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Braggy, braggy, braggy. And can you hear yourself? You seem pretty pleased at your family wealth, as though it means your family was necessarily good people.

No...she really doesn't. God what is with these sad DCUM trolls?

I discovered this thread and have been enthralled by it. More stories please!

[Anonymous]

I was in a sorority at UT-Austin 10 yrs ago... All seemed based on who you knew. The ones with money were those who had come from private HS and stayed in private off campus dorms stayed together and seemed to go to one of the "top 6" sororities. Occasionally one from that background would land a middle tier sorority. Otherwise most middle to bottom tier sororities were determined by looks, brains and your personality, and a little bit on who you knew.

My sorority was middle tier and definitely didn't see any of the flashy bags others talk about. Maybe that wasn't the big thing then. Most seemed more obsessed with sorta high end clothing brands (not anything outrageous). I had a hard time delineating who came from money. Almost everybody seemed to have some... as you have to in order to afford the dues... but not to the point of private planes etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a big distinction between Texas wealth vs old money wealth in charleston, Nola, etc.

And even more important in Charleston is your ancestry. You could be poor and a member of the St. Cecelia Society, and the millionaires couldn't get in to save their lives.

Changing now - now that the i-bankers have turned Charleston into a resort. As evidenced by that stupid "Southern Charm" show. Thomas Ravenel is the only one of those morons who is old Charleston. And most of old Charleston has disavowed him for doing the show.

good show!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Braggy, braggy, braggy. And can you hear yourself? You seem pretty pleased at your family wealth, as though it means your family was necessarily good people.

No...she really doesn't. God what is with these sad DCUM trolls?

I discovered this thread and have been enthralled by it. More stories please!

She does sound braggy, and PP is not a troll. One is not a troll merely for disagreeing mildly. It is a fascinating thread, I agree, but it plays further into the (inexplicable) Southern sense of supremacy. Many families, Northern and Southern alike, have immense wealth and no one talks about it. It's pretty much universal good breeding not to talk about money, and especially so since I think most wealthy people, especially when it's old family money - again, North or South - are cognizant that their money was made on the backs of slaves, figuratively or literally.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Braggy, braggy, braggy. And can you hear yourself? You seem pretty pleased at your family wealth, as though it means your family was necessarily good people.

No...she really doesn't. God what is with these sad DCUM trolls?

I discovered this thread and have been enthralled by it. More stories please!

She does sound braggy, and PP is not a troll. One is not a troll merely for disagreeing mildly. It is a fascinating thread, I agree, but it plays further into the (inexplicable) Southern sense of supremacy. Many families, Northern and Southern alike, have immense wealth and no one talks about it. It's pretty much universal good breeding not to talk about money, and especially so since I think most wealthy people, especially when it's old family money - again, North or South - are cognizant that their money was made on the backs of slaves, figuratively or literally.

You don't have to be old money either to have the evil heritage of plantation owners. My family owned slaves since the 1850's, unfortunately.

[Anonymous]

Anonymous wrote:According to Forbes, 37 billionaires live in Texas. Micheal Dell leads the list at 17+ billion. That doesn't count the poor nine-figure folks. The fracking boom has been led by hundreds of independent oil companies. Texas is awash in serious money.

I went to one of the schools you mentioned. I had sorority sisters who shopped for their clothes at Paris fashion week. Yes, it is "new" money, but there LOTS of it.

Very concentrated wealth in Texas. Infrastructure is crumbling, school system is an embarassment, and very few services. When I lived there I remember being so frustrated because there were no mailboxes! This is just an example. Texas is a terrible place to be poor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I come from old southern money. Cotton on my daddy's side. Lumber on my mother's. My parents have a beautiful home, but certainly nothing enormous. My mother drives a nice but not flashy car. My daddy has a truck. They travel quite a bit and give a ton of money to their church. Families in the south with old money don't talk about it. Ever. Everyone knows we have money because of our name. It would never, ever be the topic of conversation. If you met my parents in D.C. you would have no idea they had money. That's just the way they are.

The majority of students at Ole Miss- you know, the college dcum loves to put down - have more money than you could possibly imagine. Especially the ones from the Delta. Rich kids in Mississippi have no interest in going to an Ivy no matter how great their SATs and grades. They go to Ole Miss.

No one who knows me in Fairfax has any idea how wealthy my family is. I was raised never to discuss money...except on an anonymous internet board

Wow, very interesting. Do you think you could give us a ballpark figure of what kind of net worth your family has? Or what kind of net worth the "more money than you could imagine" Ole Miss folks have? Because I find it hard to imagine anyone in Mississippi having more than, say, $10 M...just because there doesn't seem to be a very healthy economy in that state and everything is so cheap. But I'm open to hearing otherwise!

I believe her. I've been through the Delta and the wealth there would shock you to your core. There is no in between. You're either filthy rich or extremely poor. Mississippi is always portrayed as the poverty state. Not so. There are pockets of wealth like you have never seen.

People in the South never discuss money. Not even with family. It's considered bad manners. Most of the wealthy there never flaunt that wealth either. Farmer Brown may be wearing overalls and driving an old pickup but that pocket is full and the only bank in town stays running because of his money.

[Anonymous]

I'll call this a 'Tale of Two Louisiana Scions' who I met at UT Austin many years ago. One was the son of a successful trial attorney in Baton Rouge. He drove a flashy red Porsche; had a stuffed wildebeest mounted in his living room (from hunting with Daddy in Africa); worked out with steroids to look like a mini-Arnold; fake tanned; dated the trashiest girls he could find -- but he partied like a rock star - jello shots at his apartment on Thursday nights, made a big splash at all the 6th Street bars. What a blast.

The other guy was much more restrained. His Dad was a name partner in a private global company worth billions. His apartment was professionally decorated with amazing fabrics & antiques and top electronics, sound system, etc. Also drove a Porsche, but black. Daddy got him on the football team. Certainly had access to the company jet(s).