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?
I never said I knew more about her life, but please keep putting words in my mouth.
A $50M net worth should absolutely be bringing in $2M/year income which is plenty to charter flights and buy yachts. I never said it had to be chartered trans Atlantic or that it had to be a super yacht.
But sure I guess your poor sister just can’t swing the money to fly first class with her measly little $50M. How embarrassing for her. You should clip some coupons for her to get by.
I mean how much do you think you need? Seriously.
You know nothing about money. You sound like someone would sell their house to buy a Ferrari and wonder why they are broke a few years later.
Asset value appreciation is not income. You seem to be under a total delusion she is making 2 million in cash a year. She isn’t. They make like 500K in income, and after taxes it’s like 300K. Doctors make more than her and her husband do. Do you think a doctor chartering flights?
You are talking about people who have $500 million in assets.
By your logic I should be driving a Lambo, not a Civic.
You have no idea what I know. Anyone with a $50M net worth and I’m assuming that’s what you are talking about, that can’t generate more than $500k a year, is a friggin moron. It’s not hard to believe since she’s related to you and there is no real requirement to be smart to be rich. You just have to lack a moral compass.
Right, so she’s an idiot for not investing in the slave trade or something now?
I’m blocking you because you’re so incredibly wrong and demonistration an absurd amount of ignorance about how finances work.
Oooo, so I guess I can call that a victory!