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

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Comments (126)

  • Intern in IB-M&A
Apr 24, 2021 - 6:40pm

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.

Apr 24, 2021 - 7:17pm

Like father, like son

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  • Research Analyst in HF - Other
Apr 29, 2021 - 11:41pm

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. 

  • Intern in IB-M&A
Apr 29, 2021 - 11:59pm

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. 

Apr 25, 2021 - 10:41am

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?

Apr 25, 2021 - 12:08pm

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.

  • Intern in IB - Gen
Apr 24, 2021 - 8:26pm

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.

  • Intern in PE - Other
Apr 25, 2021 - 1:21pm

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.

Apr 25, 2021 - 2:02pm

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.

Apr 27, 2021 - 4:16pm

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.

"Now you's can't leave." -Sonny LoSpecchio
Apr 24, 2021 - 10:40pm

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 

Apr 24, 2021 - 11:18pm

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 

Apr 25, 2021 - 5:56pm

Charles2002

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 

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.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • Prospect in IB-M&A
Apr 25, 2021 - 12:10am

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. 

  • Intern in PE - Other
Apr 25, 2021 - 1:25pm

Kid probably had a chip on his shoulder and felt like he needed to prove himself to overcome the rich kid stereotype. 

Apr 25, 2021 - 10:48am

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

  • Analyst 1 in AM - Equities
Apr 25, 2021 - 10:11am

When I was an SA at a BB, a very rich kid (also SA) who attended Harvard was caught pissing in the SINK. TWICE!

  • Intern in PE - Other
Apr 25, 2021 - 1:27pm

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.

  • Intern in S&T - Comm
Apr 25, 2021 - 4:00pm

ye i lived in a room far from the bathroom and we always pissed in the sinks. 

Apr 25, 2021 - 11:55am

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. 

  • Intern in IB - Ind
Apr 25, 2021 - 12:26pm

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

  • Intern in IB - Ind
Apr 25, 2021 - 12:27pm

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

  • Prospect in IB-M&A
Apr 25, 2021 - 6:33pm

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. 

  • Intern in IB - Ind
Apr 25, 2021 - 12:30pm

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 

Most Helpful
Apr 25, 2021 - 2:44pm

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.

Apr 25, 2021 - 3:59pm

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

Funniest
Apr 25, 2021 - 4:54pm

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 

Apr 26, 2021 - 9:52am

anontrader212

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?

Apr 26, 2021 - 9:02am

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.

Apr 26, 2021 - 5:20am

Prospect in IB-M&A

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. "

Did he do coke in the toilet, and ask you to fire the fat people?

  • Prospect in IB-M&A
Apr 26, 2021 - 7:04pm

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

Apr 26, 2021 - 9:13am

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. 

Apr 26, 2021 - 9:24am

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.

  • 13
Apr 26, 2021 - 11:56am

.

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.

  • Prospect in IB-M&A
Apr 26, 2021 - 2:55pm

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 

  • Analyst 1 in IB - Gen
Apr 28, 2021 - 6:08am

"make" is a funny word to use to describe how these kids came into money

Apr 27, 2021 - 2:25am

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. 

Controversial
Apr 27, 2021 - 10:20am

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. 

  • Intern in IB-M&A
Apr 27, 2021 - 10:51am

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 

Apr 28, 2021 - 12:17pm

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?

Apr 27, 2021 - 1:32pm

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.

Apr 28, 2021 - 6:16am

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

Apr 28, 2021 - 11:05pm

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.

Apr 28, 2021 - 11:08pm

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.

May 1, 2021 - 3:24am

this kid had the nerve to then put like 2-3 hours of overtime/day on his timesheet

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 

  • Prospect in IB-M&A
May 1, 2021 - 4:29pm

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. 

May 1, 2021 - 3:31am

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. 

May 1, 2021 - 11:11am

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. 

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