Do some rich people only wear designer clothes? Like, is everything they have in their wardrobe designer, even down to their socks and underwear?
It’s a question I’ve always had.
To clarify, I mean both old money and new money, from high-level millionaires to billionaires. And when I say designer, I mean across the entire spectrum. Not every designer brand is loud and famous like Gucci. What I mean is, do these wealthy people ever buy clothes, underwear, socks, etc., from stores like Walmart, Target, and other regular retailers, or is everything in their wardrobe designer?
People who haven’t had the opportunity to see it don’t realize that wealth distribution is fractal, and the more money you have, the more obvious this is.
I like to think of it in terms of stack of 300X (I could buy your year in a day’s interest) and work your way up.
$1
$300
$90000 < if you’re reading this post, you are probably around here.
$27000000 < This is the rich person in the post above, notably still in the middle.
$8100000000 < Private jets, billionaires, there are a few thousand of these.
$2.43E12 < Musks, Bezoses, etc.