What industry are the richest peole you personally know in? Real Estate? Law?
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Poast new message in this thread
Date: November 17th, 2017 5:01 PM Author: vigorous blathering pozpig
VC. Specifically founders who did well themselves and moved to VC.
Doesn't quite count, but also Euro and ME old money families who have their hands into all kinds of things. Lots of them are surprisingly down to earth and hardworking. I'd be more tempted to sit somewhere quiet and stare at the water all day.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712055) |
Date: November 17th, 2017 5:07 PM Author: Cyan house-broken location
Most of the people I know worth $10mm+ are business owners. It's not so much about the industry, but about ownership.
I honestly can't think of anyone who is making serious bank who is just an employee somewhere.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712115) |
Date: November 17th, 2017 5:10 PM Author: Fighting puce coldplay fan kitty
every single one owns some kind of business
if you work for someone else, you're always a wagecuck
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712137) |
Date: November 17th, 2017 5:13 PM Author: adulterous elastic band
richest people I personally know are one of the following:
- family wealth (some of these families are worth billions), includes people working for their family businesses
- know an uber successful restaurant guy, easily worth over $100mm in the 90s (who knows now), grew up with his sons in my neighborhood
- real estate from property that family has owned for generations or decades
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712154) |
Date: November 17th, 2017 5:20 PM Author: Ebony soul-stirring rehab
Finance executives and portfolio managers.
Couple of boomers who sold their businesses.
Local real estate family.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712205) |
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Date: November 20th, 2017 1:50 PM Author: transparent alcoholic volcanic crater area
It's a combination of sales and hr. You have to be relentless, willing to work long hours and like talking to people.
You also have to be confident in yourself and willing to take some risks because it's almost entirely commission based.
The thing that would scare me off is that if the economy tanks, companies stop hiring and you are literally worthless and have no other skill.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34732054) |
Date: November 17th, 2017 6:17 PM Author: Frozen razzmatazz hell
Two richest friends are a Plumber and an Electrician. Each employ about 100 people. Net about 5 million a year.
My neighbor makes 4-5 million a year as real estate developer, Shit Pumper (septic systems), and strip mall owner.
My Ortho Surgeon buddy makes about 1.5 million a year.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712659)
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Date: November 17th, 2017 6:27 PM Author: Frozen razzmatazz hell
Not for a long time. They all started at the bottom. The plumber bought the business from his dad, so, there's that.
The RE developer guy hops in the heavy equipment every now and then, but just because he enjoys it... and can't hear his phone going off.
They're literally on the phone ALL the time... even on vacation, constantly putting out fires. I think they actually enjoy it.
My smartest friend works with me and does the exact same job. (The Ortho Surgeon was Summa at Yale).
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712727)
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Date: November 17th, 2017 6:19 PM Author: umber tantric fat ankles
I live in Arizona. Real estate, naturally.
Also know a couple neurosurgeons.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34712680) |
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Date: November 17th, 2017 8:44 PM Author: swashbuckling weed whacker hospital
CR
The richest guys off the top of my head I know are owners in
BigFood
BigTech
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34713608)
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Date: November 17th, 2017 9:16 PM Author: diverse geriatric ceo stead
Family wealth (advertising conglomerate)
Family wealth (royalty)
Family wealth (tool fortune)
Family wealth (diamonds and real estate)
Family wealth (department stores)
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34713874) |
Date: November 20th, 2017 1:58 AM Author: well-lubricated talented foreskin
the wealthiest person my age is a guy who stole a book of business from a large financial company. he dragged out the non-compete lawsuit for years and settled for a few hundred K which was obviously far less than he made. he owns a bail bonds company, some cash arcades throughout florida and two scummy used car dealerships. he's got maybe 75-100 employees and probably nets $10-15M/yr.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34728754)
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Date: November 20th, 2017 2:08 PM Author: Irradiated Violent Tattoo
I wonder how many NYC apartment buildings are owned by random families. Imagine if your father or grandfather had purchased a 30 or 40 unit apartment building in NYC decades ago. By now, the financing would be fully paid off and you'd have some asset that kicked out like an $800k profit every year with minimal work.
I'm sure there are some families out there with a few of these. They're not billionaires and they're not famous but they basically never need to work again.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34732277) |
Date: November 22nd, 2017 1:09 PM Author: Flesh heady karate
Oil and gas, real estate
9 figure net worth
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#34748722) |
Date: December 28th, 2017 2:48 PM Author: Out-of-control codepig parlour
ctrl+f "crypto"
close thread
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#35027123) |
Date: December 28th, 2017 2:49 PM Author: arousing theater stage skinny woman
lol’d at law.
Cr is oil
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#35027132) |
Date: December 28th, 2017 2:52 PM Author: Vibrant water buffalo
the richest people i know personally are in finance and, in particular, own their businesses. i know a guy who does wealth management personally. i know another guy who straight up owns a professional sports franchise in a league MANY people here follow.
they basically made their own money. i know a handful of Vault and MBB partners, but they seem to have a kinda ceiling on QOL that the other strata above them can't fuck with.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#35027151) |
Date: February 19th, 2019 12:29 PM Author: Painfully honest church
I'm in a line of work where I represent a lot of these people's companies and have to prep them for depositions if the cases get into discovery. Have gotten to know the following reasonably well.
Finance/tech startup multi billionaire
Hedge fund manager multi billionaire
Corporate raider PE guy multi billionaire
Real estate is good money, but takes generations to get to serious wealth. These three guys all came from lower middle class backgrounds and built their companies themselves. Key seems to be working like a fucking maniac, making a big bet against the common wisdom thatpays off, and then stacking loot for a rainy day, but not just peacing out from business.
(http://www.autoadmit.com/thread.php?thread_id=3800932&forum_id=2#37808052) |
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