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Like 35-40m? Why not just ask him
I know of a family who has a home like this ($30-40M) and I always assumed somewhere in the 9 figure range.
At least 9 figures if that much is tied up in primary residence
I estimate there’s some animosity if you don’t feel comfortable just asking your friend since you care so much
Guessing this is Florida since California or New York hasn't had this level of appreciation in the last 5 years.
Could be a billionaire or your friend might have put a good portion of his/her net worth in a primary residence in case of personal bankruptcy. You probably need at least 275k annually to maintain a 11 million home FWIW.
Well, the context of your questions makes me think you'd think his net worth is the new value of his home, less his mortgage (if it still exists).
Since you don't mention his job or salary, there is no reason to think that his home value is moving in concert with his overall net worth (which, if he had moved since, it would).
So assuming an 60% mortgage, I'd expect his net worth to be somewhere in the 18mm range.
She paid in full for the home. No mortgage, and I know for a fact she’s raked in over 600k/month for at least 15 years. Difficult to estimate what she’s done with investments. I’d assume she’s well advised.
I mean, I'm not sure why you'd care, but you have your answer right there.
She's making 600k/month. She has not mortgage. You could figure out the taxes on her home quite easily. you can make a decent estimate on what she pays to maintain her lifestyle.
So all you have to do is take some basic assumption of her net worth 5 years ago, maybe it's 22mm and she put half into her home. Take the new valuation of her home (+14mm) and then go in an excel and assume that whatever she wasn't spending monthly, she invested into an index fund in the market every month. Voila!
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