Anonymous wrote:The women I know got rich by marrying rich guys.
Anonymous wrote:- Family money. The couple have normal middle manager jobs in the DMV (150K+ each) in addition to a couple of millions in inheritance along with financial help at strategic points such as downpayments for a home.
- Typical careers such as Investment Banking, Private Equity, Big Law and Medicine
- Business owners
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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. Rumored to be worth 35 million.
The guesstimate of a $35mm net worth is doubtful. However the plumber is no doubt doing better than his white collar sibs.
Stealing $$ does not count…does it? Ripping people off obviously highly profitable
I'm an accountant dealing with small and medium sized businesses. I have many trade business clients (primarily electricians and plumbers). Sorry naysayers, but a few of the primary owners are at that level of net worth. They do very big projects, and as far as I could tell, are very legitimate, ethical people.
Overall, what they say is right: you'd be surprised who has money.
I’m not being a “naysayer” when I question an owner having a $30mm net worth and only 50 employees. Do the math. It doesn’t work.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Brother: regional plumbing business. Has about 50 employees. Just turned 45 and started in the business at 18. Three other
sibs are white collar professionals who get by. Rumored to be worth 35 million.
The guesstimate of a $35mm net worth is doubtful. However the plumber is no doubt doing better than his white collar sibs.
Stealing $$ does not count…does it? Ripping people off obviously highly profitable
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.
Anonymous wrote:Anonymous wrote:Started own business together which they funded with credit cards and sold for $20M.
So if they went bust they would have to move home to Appalachia trailer park?
Anonymous wrote:Sold company that he founded. Nicest couple I know are worth around $10-20M we think. He lived in a tiny 1 bedroom apartment with his now teacher wife while bootstrapping his company. You wouldn't know it at all if you saw them.
Anonymous wrote:Almost all of the really rich people I know worked very hard and owned their own business. My wife worked hard and was a director for a privately held company. When offered the opportunity to buy stock in the company she always did. At times I thought she bought too much of their stock. When the company went public the stock became worth over $20MM. She always said it was worth buying. So I’ll add stock options to one way people get rich.
Anonymous wrote:All different people:
Went to Yale law school and people like him so he gets lots of business;
Started a data management company and then realized how much data management matters to health care and got on that side of things;
Started a consulting firm for gov contractors that grew into an investment bank type business;
Series of tech start ups;
Inherited 1.4 billion at age 40;
Broke off from an IB to form a real estate fund;
Got in to Carlyle at right time (times 3);
Lawyer, then banker, then bank consultant;
Started a niche legal practice that exploded;
All probably worth above 35million with top two billionaires.
Forgot to add guy who owns a building maintenance Corp, a massive real estate portfolio, a bunch of food services franchises and a few banks.
And all are set made except the heiress who took down 1.4 but she pretty much runs the family business.
Am not counting the 20 or so big law partners I know who pull between 2 and 10 a year slugging it out. (The Yale guy I mentioned is at a much higher level than that.)
Anonymous wrote:Anonymous wrote:Anonymous wrote: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. Rumored to be worth 35 million.
The guesstimate of a $35mm net worth is doubtful. However the plumber is no doubt doing better than his white collar sibs.
Stealing $$ does not count…does it? Ripping people off obviously highly profitable