Anonymous wrote:Yes. One of my girlfriends married into a very wealthy family. The family’s wealth certainly gives her day to day access to resources that make her life easier and helps her advance her own career — homes, Nannies, housekeepers, luxury travel, networking, and travel planners on call. She never has to worry about cost of private schools or ability for kids to get into top ivies (family has made large donations to HYP). This has helped her maintain a high powered exec career and build her own resources.
However it is clear that these are the family’s resources and not her own to control. For example — the family charges for use of the vacation homes when she’s there without husband or kids. The homes are fully staffed luxe properties so maybe that makes sense to manage use across a large family…
Anonymous wrote:So the true "perk" of marrying rich is it allows you the opportunities (like education or capital potentially for a startup) or the potential to get a great job and advance perhaps quicker than others given the in law is the CEO, etc. So even if your life is "easier" now and you have a leg up (if you work for your in laws company), you are, in effect, earning your own money. So it gives you access to potential, but not the direct handout.
Anonymous wrote:So really it isn't as good of a deal as it may seem to others. Because you ultimately don't really have access to the family money (absent a deal for milestones). And for a man, is it unlikely to have the milestone type agreements? I imagine the daughter would want to continue the lifestyle she is used to, so the family would help with houses etc. But then is the house still in the family's name, etc? So the husband can "enjoy" the lifestyle - but like he's renting it and not ever having true access to it (although his children would)? Also seems strange that your children would have insane amounts of money but their father is, in effect, a normal salary person.
Anonymous wrote:So really it isn't as good of a deal as it may seem to others. Because you ultimately don't really have access to the family money (absent a deal for milestones). And for a man, is it unlikely to have the milestone type agreements? I imagine the daughter would want to continue the lifestyle she is used to, so the family would help with houses etc. But then is the house still in the family's name, etc? So the husband can "enjoy" the lifestyle - but like he's renting it and not ever having true access to it (although his children would)? Also seems strange that your children would have insane amounts of money but their father is, in effect, a normal salary person.
Anonymous wrote:Anonymous wrote:I have a question about how this works in practice for uber-wealthy family. When a man marries the daughter in a very, very rich family (like CEO of a Fortune 500 company), how "lucky" financially is this man? Or is it structured so that there is only shared money between what he and the wife make during the money, and that any inheritance will go to the wife/kids? So in other words, while his life will of course be monumentally different and probably help with down payments or buying them a house, the majority of the wealth will be structured so that it belongs to the daughter and not the man marrying into the family?
Correct.
When a woman marries into a wealthy family (or marries a wealthy man) sometimes they can do a deal to be paid X amount/year, and receive X amount for certain milestones in the marriage. The hard part, especially for women (who when married to this type of guy) is that they frequently are SAHM and are not earning their own income and retirement. Frankly, I don't think it's an ideal set up not matter what.
Anonymous wrote:I have a question about how this works in practice for uber-wealthy family. When a man marries the daughter in a very, very rich family (like CEO of a Fortune 500 company), how "lucky" financially is this man? Or is it structured so that there is only shared money between what he and the wife make during the money, and that any inheritance will go to the wife/kids? So in other words, while his life will of course be monumentally different and probably help with down payments or buying them a house, the majority of the wealth will be structured so that it belongs to the daughter and not the man marrying into the family?