Funniest rich-kid stories
I'll go first. I know a guy who got fired from an internship at his OWN family office (obviously by his dad/mom not any employee there). The guy didn't want to do it in the first place and showed up high to work/would get high throughout the day, everyday for his first 2 weeks. After embarrassing his parents for those 2 weeks, his dad asked him to "work from home" for the rest of the internship (this was pre-covid.) After that, he was given literally zero assignments all summer asides from reading bloomberg/WSJ every morning.
Still told everyone he interned at a family-office all summer.
edit: btw, this kid had the nerve to then put like 2-3 hours of overtime/day on his timesheet. no-one said anything about it
Know a kid who’s dad is a super senior MD at a top bank but the kid is a prick. Went through 10+ superdays (which his father got him) and couldn’t land an IB SA offer.
Like father, like son
Although, to be fair, his father is very helpful and nice.
Although, to be fair, his father is very helpful and nice.
The apple never falls far from the tree.
This doesn't sound right. At the very least he would get an internship at the bank his father worked for. I would see this all the time when I was in banking. In my 5 years in banking I've interviewed 6 kids that had connections (2 were kids of CEOs of companies we covered, and 4 were kids of senior Partners). all 4 of the partner kids got the jobs and 1 of the CEO kids did. There's no way the kid didn't get an offer from the same bank if the dad was the head of a banking group etc.
That’s the thing about it lol. You would expect the guy to get the offer but if you would interact with him you’ll see why he didn’t get them. Also, the bank his dad worked at had a no-relatives policy. He literally couldn’t even interview there.
My ex told everyone for months that she was going to work for her dad at the family office. Finally she quit and he said no way you’re working for me. She still hasn’t gotten a job 6 months later. Rip
A bit confused: Did she get a job at the family-office, quit after which her dad told her he wouldn't rehire her,
or de she quit a job unrelated to her dad's family-office only for her dad to tell her that he wouldn't hire her?
Yeah my fault - she was working elsewhere and planning to quit and then go work for her dad. Finally she did quit only for her dad to say I dont have a job for you. I’m not really sure what she thought she was going to be doing because she has zero background in finance.
A new hire didn't know how to pump gas. Another didn't know how a vacuum worked.
Edit: Pumping gas really gets people going.
It’s actually insane how many college girls don’t know how to pump gas. My ex would always go to the same gas station right by campus because they would pump it for her, and I had to teach another girl how to do it because she said she calls her dad every time she pumps gas to ask him how to do it.
That's insane that it is a regular thing. I worked at a bar in college and the owner's friend's daughter ended up joining the staff and was a fucking moron in every way. She also called her dad to fill up her gas tank. She got fired for stealing. She then proceeded to get fired from a desk-receptionist job at her own apartment building she lived in. I believe she failed multiple classes and dropped out to become an escort.
Feminist empowerment, I guess.
I think that this is a Gen Z thing. Older millenial here and 100% of my peers knew how to pump gas. Insane that even one person wouldn't get it.
chick here - these types of girls push back feminism by 15 years
States like NJ have workers pump gas for people
Fun fact....used to be the case in other states too but minimum wage laws basically destroyed this job. Just doesn't make sense to pay someone $7 per hour to do this. Only way to save the role is to mandate it like NJ where it effectively becomes a tax on the gas station owner.
If we go to a $15 minimum wage, you'll probably see a lot of other small jobs disappear like this.....goodbye hostess at restaurants for example.
I have never pumped gas before, but that's because I'm from NJ, where they pump it for you. It doesn't seem that hard though
It's not hard. But it actually used to be easier back in the day before they put obnoxious little TV screens on all the self-serve gas pumps that bark Hollywood propaganda at you as you swipe your card and select what type of fuel you want.
I don't know how to pump gas, I'm from NJ
dude it's literally just putting the nozzle in your car and pulling the trigger. it astonishes me that people don't know how to do it.
Two things they may wanna learn sometime soon…
On the Fourth of July, my boys and I got pretty drunk while driving a speed boat then crashed into someone’s dock completely shattering the first four legs. My boy and some girl had to go to the Er not sure if this funny but worth sharing lol
What the hell
Yeah the boat was fucked, the dock was also fucked and the girl had to get surgeries but we still had a great time prior to the crash. Plus the owner of the dock was pretty cool he told the cops that the boat probably had steering issues even though we’re clearly drunk
I've been in a boat crash on 4th of July as well. My friend went full speed into a sandbar when we were headed home at night. I was sitting on the front of the boat and flew off and landed on the sandbar. It was so sudden. He had to call Sea Tow and get towed out of there. There were like 8 people on the boat - everyone got pretty wrecked on the crash, but only bruises, nothing serious.
OP here-
I also had a family friend who worked in finance and had to go into the hospital for an extended period of time unrelated to his work (like 4 days). He decided he was going to try to work like 20 hour days when he was there after undergoing a very very serious medical problem, maybe to show his work ethic idk. Anyway, his dad (9 figure net-worth, helped him get the job) told him to stop and he wouldn't, so the dad called the CEO of the son's company (who was his friend) and the CEO had the MD forbid the hospitalized kid from doing any heavy work. Not funny, more a flex.
Kid probably had a chip on his shoulder and felt like he needed to prove himself to overcome the rich kid stereotype.
I respect it. Having chip on your shoulder is a good thing
.
Jesus, putting aside that the son is unfamiliar with fundamental securities law - isn't it very irresponsible for the CEO to divulge material, non-public information like earnings exceeding estimates? Even if doing so accidentally around family, seems like something he should be far more careful with
yeah i call bullshit on the story.
When I was an SA at a BB, a very rich kid (also SA) who attended Harvard was caught pissing in the SINK. TWICE!
Sink pissing is a baller move. r/sinkpissers on reddit is a community of others.
It saves water, but tbh it should only be done in private bathrooms.
Can confirm, sink pissing is for the elite.
ye i lived in a room far from the bathroom and we always pissed in the sinks.
I interviewed an international MSF student at a top US university who had spent time before working at a BB in Asia. She couldn't explain what she did during her work experience, was a terrible communicator and couldn't even come close to answering the most basic technical question. She also didn't even understood the role I was discussing with her..... Later heard her dad is a Chinese tycoon.
did she get the offer
Nope. Have enough 'big picture' junior types on 'extended internships' that our LPs stuff us with...don't need more 'projects'.
Not in the workplace but I know a few guys that would do après-ski in a skiing resort in the Alps (in switzerland) then take a heli at around 6pm to go for dinner in France in another skiing resort - go clubbing there and then take a heli in the morning back to the first skiing resort
Damn life just absolutely slaps for some people
Also know someone that sent his maid in his private jet from Nassau Bahamas to Miami to get some groceries that he couldnt find in the bahamas
Haha. I know a guy who took his boat from Palm Beach to the Bahamas to pick up Bahamas Goombay Punch and came back to Florida in 1 day. Literally took him like 12 hours to get some soda. Dont get me wrong... its delicious, but is it really worth 12 hours and $400 in gas? idk.
Well what's the point of having F-You money if you don't use it?
This is more common than you think
Lastly i know someone that interned in his uncle's firm (quite a large one) and got one of the most senior scientific advisors to go buy him a pack of cigarettes
He did it because he can
big baller move
Going straight out of school to a job in a family business is universal sign you’re a loser.
It signals to the world that your dad couldn’t convince his friends you’re worth hiring in a job that comes with real expectations for performance.
Pay your dues, learn the ropes, be accountable— then join dad in the family business.
100%
Idk sounds like you’re jealous of people with family business or something. I’ve legit seen many people excelling and taking the business to the next level
So True.
I know a guy that joined his family's RE business after graduating from an elite school (HYSW).
He ended up being pretty successful and was somehow able to parlay that into getting elected to a fairly important political office.
Eventually he was fired for having some unfortunate mental health issues that led him to encourage his constituents to inject bleach in their veins or shine a flashlight up their rectum.
It was a sad scene but last I heard he retired down in FL and is doing ok
I have to disagree with this. Some people just want to join the family business and help grow it. They can start from the bottom, learn the ropes and eventually get to place where they can lead the firm.
Why would you go work somewhere when you can go work at your family's business?
Because you don't enjoy or have an aptitude for that business? Because you might have the ambition to build something on your own? Or the humility to recognize that tons of work from non-family members went into that business and that to expect to leapfrog key personnel that have been there for decades might be wreck morale?
I have two distant cousins (brothers), one started working right out of college in consulting for his father (his father actually started the business), made a shit ton, had decent hours. The other brother tried to go into banking, worked more hours made less. Eventually went to work for his father's company, and kills it.
Idk, at the end of the day its all get as much money as you can for the least amount of hour, that's what were basically all striving for right? What if you could get that right away out of college, makes sense.
Yeah but think about what strangers on the internet will think about your LinkedIn profile
Strongly disagree. It totally depends on the family, person and the type of business. University friend of mine had a family-owned chemicals company and studied chemical engineering in UG + a MIM for PG in order to start working there and eventually be at the helm. I don't think going to another chemicals competitor would have helped much. Another friend's dad runs a small family office back in Northern Italy. Dad eventually wanted him to join it, but the son was eager to join after 3-4 years at a larger asset manager. We convinced him to try and stay out of the family business for longer because his dad would keep running it for the next 10 years and he had more experience to gain. Guy was just keen to join and start investing with his father. Neither of these stories make the people seem like losers.
This is my entire highschool in a nutshell. The oil money runs deep where I'm from, so 90% of the kids I knew joined their family business after university doing fake jobs with fake titles to help inflate their fake egos
Nothing like working a job you didn't earn in the same city you grew up in for the rest of your life.
Did he do coke in the toilet, and ask you to fire the fat people?
I didn't work at the family office. I'm friends with the guy and since then he's turned his life around quite a bit. Works in RE
We had an intern on our team who was a family friend of the C-suite executive we supported. It was the summer before his freshman year of college, and he had actually interned with the team the year before while he was still in high school (must be nice to have rich parents). He thought he ran the place because it was his second internship and the whole summer he asked which jobs paid the most, who had the best offices, etc.
Anyways, on the last day of his internship we were planning on taking him out to breakfast, as it was a summer Friday and we didn't expect to be super busy. I was the first to arrive in the morning around 8am and he was already there, plucking away at his keyboard. About 30 minutes later, before the rest of my team had even arrived, he comes over to my desk and says "I'm going to head out now if that's okay, I have a golf tournament today." And he did, he just left after just 45 minutes on his last day.
First or last day?
Good catch... edited. Last day.
Last day who cares. Plus to his credit he was getting work done before you even showed up. Sounds like a champ
Buddy of mine traded like 10 shares in a single name of a major company that he didnt know his dad was on the board of directors. That was quite the legal process for them to clear up compared to the dollars at work.
This is actually pretty funny
Plot twist: they were Berkshire Hathaway Class A shares
underrated comment
Was his profit 10s of dollars per share?
.
As an example - kid would consistenly go all-in with middle pair if it was a Jack or something in an 8-person game.
He never ended up getting any better despite the consistent losses.
Haha we had the same. If someone joked about bluffing or literally just told him he doesnt have the balls for it he would go all-in. To be fair though, thats kind of the way our entire friend group played it. (we also played no betting before the flop).
The most the guy was down in one night was $1600 but there were several nights he ended up in the positive hundreds
Bump
Why are you guys bitching about people that have more money than you?
Ah yes, the self-made rich kids who make more money than the rest of us
“make” is a funny word to use to describe how these kids came into money
because it's fun lol. why do you care
I was briefly in our Sao Paulo office and an MD from New York came down to visit. Among the wealthy (and even some of the upper middle class), it is very common to commute via helicopter because traffic is so bad. Needless to say, this MD was not happy to hear that his helicopter was delayed because an intern was landing ahead of him and then spent 5 minutes chatting with his pilot before heading to work.
This is gross and reeks of jealousy.
here is a fact: if you are working in this industry you make more than the average joe, and when you have kids will do what you can to help them succeed - that’s called being a parent. Good parents do this regardless of their income. It’s a fact of life that some people have more money than others. I’m willing to be majority of these posters have no insight into their parents financial situations, and would in fact qualify as “rich kids” by many peoples standards.
here is another fact. There will always be someone with a better financial situation than you, and a worse financial situation than you. Regardless, they are not holding you back. You were dealt a hand of cards, now play the best hand you can.
Here is one more fact: if you ever actually knew someone who owned a family business, most people grow up working in that business. Running a business is hard, and starting a successful multi generation family business is even harder. While there are plenty of stories you hear about “lazy kids” getting an easy deal day one and going into management at the family business, you don’t hear of the people who join the business, work their ass off, and continue the vision that their family started. I can guarantee there are a lot more of the latter.
the pity party on this website is pathetic. Boohoo there are wealthier people than me. WHO CARES focus on yourself and improving your situation. Rich people aren’t holding you back. Your generation is pathetic.
Sir, this is an Arby's
I think you don't understand the point of the thread. It's funny to hear stories like, "I had a roommate in college who put his milk in the cupboard because when he was home his maid always put it back in the fridge"
This isn't some meetinghouse where the proletariat are discussing the overthrow of the bourgeoise
Thnx intern in IB... I don’t think YOU understand how this thread comes off, but I accept that you are 20 years old and know all.
ARBY'S BOYS... MOUNT UP!
I don't think you know the intent of this thread, it's supposed to be about funny rich kid stories. Like that time the rich kid intern got caught banging an escort in the board room while on lunch break, only to find out later it was the MD's daughter.
Heres another fact: No one is bitching about other people having money. Its about funny things that happened due to someone (typically with money) networking their way into a job and completely failing. Since this seems to offend you, lets start another thread about how poor people fail as well, would that make it better?
Whose generation did what?
No one named "Brody" was born with less than 8 figures in their trust fund.
Not the typical "rich kid does something stupid" story but all overworked monkeys will enjoy this.
Local office of a global bank in a small Asian country. We were in the middle of a really really rough week when country CEO walks by and demands everyone go home before 10 PM. Complete shocker.
Turns out one of the team is married to the son of a sitting cabinet minister. Totally couldn't tell from her demeanor and work ethic, she was awesome. Father-in-law / minister does not take too kindly to his daughter-in-law coming home at 2/3/4 AM. Runs into country CEO at a big public event and proceeds to tear him a new one in front of everyone. I'm told it was vicious.
Pretty balr move
Sounds like Singapore. Is it?
A very close friend of mine's dad PURCHASED all the youth sports teams he ever played on which eventually got him into an Ivy sports team. I don't think they told him about it either, he is delusional and thinks they're just upper middle class. So at least he's not spoiled
I knew a kid whose dad (probably billionaire) made a whole new youth football league because his son wasn't starting quarterback on his old team
Not necessarily funny, but in keeping with the thread / as a flex:
One of my sister's best friends' dad was the CEO of a lower-tier EB. Very far from a GS internship, but definitely still investment banking. My sister - a 3.0 psych major sorority girl at a non-target, who (still knows) nothing about finance and her friend got SA jobs.
I routinely got texts like "I don't understand why everyone is working so late" - while she and her friend took the CEOs helicopter to the Hamptons every Thursday afternoon.
They obviously didn't get return offers.
You can say Rich Handler's daughter
Poor girl just wanted to work 40 hours a week! Good lord
Another comment on this thread, but funnier:
At my old firm, we had a SA who got the job because his dad was best friends with the CEO (and was fairly open about it). Still, to his credit, a smart and hardworking dude. But, two of his funnier stories:
1) The CEO would occasionally step out onto the floor and give update speeches / speak to the troops (semi-frequently). Rich kid, as a joke, bought a dildo juul-holder (literally a dildo with a Juul sized hole in it, so you had a dildo in your mouth while you were juuling). Rich kid, during the CEOs 'speech to the troops, juuls - makes direct eye contact with the CEO with a dildo in his mouth, then has to cough trying to hold in the vapor.
2) One day, HR walks onto the floor, holding up a baggie of cocaine. "I just found this in the bathroom - does it belong to anyone". Rich kid starts patting his pockets and goes "oh shit that's mine".
He got the return offer and is there FT 2 years later.
He absolutely got a return offer for that dildo thing. No doubt.
You mean to tell me they paid him to intern at his own family office? Lmao
Props to the parents for "firing" him though lol
Of course. Its all about getting money to your kids without it being taxed. Since the kid made less than 10k that year (asides from capital gains), he got money BACK from taxes.
Had a roommate stick a bowl of food in the microwave and the bowl had a fork in it. He also covered it in tin foil so it wouldn't splatter.
Took not knowing how to cook (or do other basic things) to a whole new level. Dude couldn't work a vacuum either.
Hah, saw a kid do this in college. Put a bowl covered over in tinfoil in the microwave and let it rip. Stood their wide-eyed and confused as the shit sparked and caught on fire.
.
To be honest I don't find this funny, I think is really sad to have such an opportunity and to not even appreciate your parents hard work. I have a cousin who is like that, his dad has a huge NGO and when my cousin is "working" he does almost nothing and then in family meetings he is exaggerating everything saying that he worked so hard when we all know he did nothing.
sophomore year, had a roommate who cried because she couldn't find a house with a pool AND is close to campus to rent for her junior year
Who wouldn't cry about something like that!
I interned at a lawyers office when I was a kid since I was undecided between business / law ..
First half of the internship went great, second half my second rotational team didn't give two shits about me (and rightly so, I was 16 or 17 in a really content-heavy, technical environment).
One day the CEO of the office (person who got me the internship, family friends) showed up to say hi. Guy is very laid back and has a good rep but, that being said, he did hug me and tucked up my tie and a couple of other funny shit. After that, everyone was pinging me to join client calls, inviting me out to lunch and giving me work etc.
Said fuck it to studying law and went into IB.
I don't have direct experience, but there was a pretty infuriating moment in my recruiting process. Interviewed for an ECM SA role and got rejected. I actually landed an IB SA role for a different group at that bank and eventually ran into my interviewers from the first group I got dinged from. He told me I was the #2 candidate and their decision was essentially a coin flip, since they only had 1 intern spot that year.
Apparently 2 weeks before the start of the internship, a CEO client asked for an internship for his kid and it was decided that ECM would be the group that takes the intern. The ECM team was caught completely off guard (they had been planning for 1 intern) and I was pretty salty that I got dinged, only for some dickhead CEO to push his kid into the group.
Heard of a kid in college that didn't do his laundry. His mom would drive over from suburbia 3 hours away to do his laundry for him
Friend owns a plane. His kid is like 5 or 6. One day, they flew commercial for the first time. After getting on the plane, the kid turns to his dad and says: "Daddy, why are there so many people on our plane?"
This is awesome
When I was 19 I worked a summer job and was roommates with a daddy money guy who was 26 at the time... basically he was a total sicko that quit his finance job to party all summer. He didn't know how to change his bed sheets or clean after himself without a maid. Still can't get over how this guy lived his life.
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