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Money and Finances
Reply to "How did the rich people you know get rich?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Brother: regional plumbing business. Has about 50 employees. Just turned 45 and started in the business at 18. Three other sibs are white collar professionals who get by. [b]Rumored to be worth 35 million[/b].[/quote] The guesstimate of a $35mm net worth is doubtful. However the plumber is no doubt doing better than his white collar sibs. [/quote] Stealing $$ does not count…does it? Ripping people off obviously highly profitable [/quote] I'm an accountant dealing with small and medium sized businesses. I have many trade business clients (primarily electricians and plumbers). Sorry naysayers, but a few of the primary owners are at that level of net worth. They do very big projects, and as far as I could tell, are very legitimate, ethical people. Overall, what they say is right: you'd be surprised who has money.[/quote] I’m not being a “naysayer” when I question an owner having a $30mm net worth and only 50 employees. Do the math. It doesn’t work. [/quote]
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