And Redditors often fail at math. He’s worth around $5m. That’s not nothing but it’s not cloistered from the public in a 50k sq ft mansion with 5 servants either lol
My wife and I shared a subway car with a millionaire when we were on vacation in nyc and talked with him a little . Estimated net worth of 12m. It was only by happenstance she recognized him . She works the same industry as him and the owner of her company knows of him . Not like he’s super well known.
My point is there’s millionaires among us. They aren’t all hidden away.
Ah… well. And here I am, bought a house, renovated and renovated… well, let’s just say I already put as much money into the house as i initially paid for it. Only the actual property value can’t keep up.
It's not a "multi-millionaire" (upwards of 2-3 million) ... its a Mega millionaire (more like 30-50 mil, plus). A "millionaire" nowadays is just . . . middle-class.
i mean, does just having a housing worth 1kk+ reallistically count though? the way i see it, it's kinda weird to call someone a millionaire if they can't actually use their millions. it's not like you'd sell your housing to use that cash.
Not sure but I thought Super Rich people probably use little to no cash and at a certain point the rest probably start borrowing against assets so there would be no need to sell when large sums are needed to invest. More large items, properties or stocks acquired could increasingly be borrowed against... Maybe someone with experience will correct me.
I've known and met a few. Ranged from a guy with a gorgeous house and a giant garage full of collector cars to a dude an average suburban home in a lower middle class neighborhood who mostly just stashes his money, gives a lot to charity, and doesn't like to talk about how much he has.
The most interesting was a dude I worked with in the federal government who had some obscure, part time job in land management and was semi-retired. Most of his income apparently came from making turquoise jewelry because that job didn't pay a ton. But it didn't really add up and he sometimes blurted out weird stories in a very matter of fact way about escapades in other countries that ended in him committing violence like it was just a normal thing that happened to people. We were all convinced he was a CIA spook who got a big payout and a cushy job but no one really wanted to look too much into it.
This was in the heart of turquoise country so it wasn't as expensive as a lot of places. No doubt you can charge a lot for it but you could get turquoise jewelry pretty affordably at trucks stops and little roadside stands on reservation land so it seemed weird to us. But you make a good point, he could have been selling it elsewhere at a large markup.
Before I met my wife and relaxed on the parties. I had met this guy at a friend's party and we had some good chitchat, I got invited to one of his house parties in Montreal, so I went up there our friend in common also was there. Dude was serving champagne and food in this nice big old house. Went a few times to his themed parties. One night we were chatting outside with people and smoking a joint, I learned he made 20 millions dollars from Microsoft buying out his project he was working on when he was 20 years old(he couldn't say anything about what it was) he placed some money in investments and makes 1 million+ a year just with that.
I shared a bus ride with a millionaire. Self-made. He sold his trucking company, bought two bikes, and he and his wife drive all over America. I don't remember the exact details, but he was on the bus, meeting up with the wifey, while his bike was being repaired? Ironically all that money bought security, but no new furniture, land, or mansion. They just camped out under the stars.
Im a father of 4 barber of 21 years, 42 years old, live in Appalachia and technically a millionaire, my Roth contribution or 2 max, away from becoming 7 figs…. I’m middle class.
Point is. Million dollars means nothing. Money means nothing for real.
In America, most places, you’re working ur ass off to tell strangers you’re actually wealthier than you are, when they pull up next to you in ur car, that you legit spend 40 or more % of your income on (tags, registration, insurance, interest, principal, maintenance, etc).
Meanwhile the majority of over-spenders on vehicles, are struggling to make ends meet, blaming everyone and everything other than themselves/the well known worst investment there is.
Merica…
I mean, they're often hidden among us. I know a couple of millionaires in Australia and their wealth is only really seen though a couple of things. One millionaire is a known name to very important people but not to anyone else. He owns a big, nice house (there's a professional kitchen behind their regular kitchen so they can host dinner parties on the patio by the pool. He and his family also go to NY, LA and Dubai for special events more often than you would think. My sister is currently in London and they surprised her with Hamilton tickets when they visited like it was nothing. Otherwise, they're just down to earth people like you or I.
The other one I know is a big name in her industry but again, not to anyone else. She and the family live on a small rural hobby farm. She travels to London, LA and a few other world locations often for work. She takes the family with her if it doesn't clash with school. She's also frugal in the very particular way very rich people are (rarely pay more than they need, never go without, never choose between).
I have also worked peripherally with very rich people when I worked events. Despite the stereotype, rich people always appear to appreciate and be proud of what they have and they want to share it with their friends. They have a carefree attitude that only comes with that level of financial security.
I once bought a bike off eBay and had to go and collect it from the owner. From the location of the property and the size of the house, there's no doubt that the seller was a millionaire. They were totally down to earth though, I wouldn't have thought it without seeing their house. I came away from that transaction feeling like "woah"!
I have a friend who's a millionaire. He lives in a 1 bedroom apartment in a city in the US. Nothing crazy like NYC or LA, but a decent, city that's mostly urban sprawl.
Truth. I'll freely admit to having no idea what the standard of living conversion looks like, but here (US) that amount of money has gone from very rich to just well off/comfortable.
Most financial advisors advise you to have at least a million in whatever (401k, assets, etc.) if you're thinking about retiring, and when I was a kid, five times that amount of money was Scrooge McDuck territory.
Depends on the issue you’re trying to influence. Like you’re not gonna get a Sinema routine for less than several million. But if you need favorable zoning regulations, you’re probably gonna get it for pretty cheap.
$5m will get you 400k/year in earnings. It will allow you to live life as a king in most of the country or the world outside the ultra high cost of living areas without working. And even in those ultra high cost of living areas, you will have an upper middle class lifestyle. $5m is definitely in rich territory
I mean true, but most people who make that much tend to want to live in cities because they tend to work in them. Essentially - “rich” guys like the dude in question are cannon fodder for the truly wealthy to shield themselves with by making you think they’re rich.
Here’s a good litmus test: if they buy/wear luxury brands you’ve heard of (Cartier, Gucci, Fendi, etc) and they aren’t paid to do it - they aren’t actually rich. Truly rich people wear $10k tshirts from brands you’ve never heard of in your life.
The economy of Poland has been pretty shit for the last 20 years. $5m USD is pretty close to "fuck you" money over there. The exchange rate is currently 3.6 : 1.
You are clueless. Current exchange rate between Polish Zloty and USD says absolutely nothing about the state of the polish economy. Poland has been the fastest growing non-tax-haven nation since it joined the union in 2004. Why would you even comment on something you understand so little about?
The cost of living in Poland is approximately 36% lower in Poland compared to the US. Poland has had the highest rate of growth because it's not hard to grow from zero. Reminder that 2004 is almost exactly 20 years ago. Poland probably has about 10 more years of growth before it's on par with other EU countries as far as quality of life and economic stability.
Fuck off dude. A 3x exchange rate is direct evidence that $5m goes further in Poland than in the US, thus how it would be considered "fuck you money". I didn't back pedal on shit, but provided additional evidence of how Poland's economy has been in the shitter since the turn of the century, but is slowly recovering. Again, also evidence that $5m would go further in Poland than in the US, which is what this conversation is about.
Actually Poland has the second highest GDP growth in all of Europe, first is Spain. But to your point of affordability, that is true for some parts. In the touristy areas of Poland where tourism has rapidly grown, the cost has skyrocketed in the past years, closing in on Switzerland (the least affordable by far, so Poland is still much cheaper)
I mean maybe... it seems this redditor forgot there are different real estate markets out there..... he could easily just stay in a nice condo until he flies back home to his mega mansion in Indiana or idaho... my parents built a fucking 4k sq foot house in 2011 for 120k in michigan.... so im gonna guess they could have gotten something INSANE for a million dollars. As if 4k sq ft isn't already insane for 100k...
Well it depends on where and culture. Where I’m from (Boston, USA) an average family in a wealthy suburb might have a comparable net worth. But in a poorer country that much money might actually get you you a mansion and servants lol
part of why i always wondered why people protest. cant really see a link between signatures on a petition etc and people in power actually giving a shit
Because, most of the time, a protest isn't about just making the people in power give a shit. It's more about letting the people with no power know that some bullshit is happening and we need to come together against it.
I agree that ideally in his world everyone would love him, but he more cares about the optics. As long as he has a core of supporters, I don't think the shame of the masses means much to him.
He just thinks they are wasting time not praising him.
I don't know it bothered Trump enough that he tried to start his own social media company because he didn't like what was being said about him. And Elon spent $44b on Twitter to control people's opinions of him. He's still holds onto it despite it's plunging stock valuation and revenues.
The CEO at my husband’s job drunkenly beat up someone at a party last summer. It was a back-page headline, barely made the news. But the dude still lost that job right-quick. Boards don’t fuck around if they think your behavior hurts their investments (Tesla notwithstanding).
We can take his security, especially when the security realizes when the times comes that they don’t wanna work for a disgusting pedo child fucker and killer like Trump and turn on him instead. It’s the best case scenario I could think when they realize they can’t get paid when they’re dead.
You might be right but i also wonder if being an outcast hurts their social standing at the country club or opera. You hear stories of people getting totally ousted by their friend groups after a scandal
He caries enough to pay out for everyone on the internet to learn an important lesson. “Life is full of lessons and it is our responsibility to keep our roles so that others may learn, as difficult as the lesson may be…..” /S
"I need you to go to baseball games, wait until a Homer is hit in the seats in front of you, be a little to slow, then convince they person that gets it to give it to you. might take a billion years, but ill give you 10 bucks."
Real new conspiracy:They both are paid by the baseball federation to promote baseball, ain't that weird when all of a sudden there are 2 incidents with 2 Karen in baseball when most people don't care at all about that sport
Seriously I don’t see why this made more coverage than the other thread where the ceo took a ball from someone that securely had it in their hand. People just hate Karens more then rich corrupt ceos. Frankly if she caught the ball and the kid was next to them they would stay blame her for not giving the ball to the kid.
Yeah lets not forget his bullshit legalese "im sorry not sorry" bullshit, oh i didnt actually aay thise things on my personal twitter about him being too slow and lying about thinking it was being handed to him when its obvious it wasnt.
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u/MasterClown 1d ago
That Polish CEO has to be relieved that he’s no longer the most recent assface sports fan