Is marrying rich the best way for a women to become rich?

I will be honest this article is a few months old, but I could not find any similar threads on WSO and the article is pretty fascinating. According to CNBC https://www.cnbc.com/2019/02/21/a-womans-best-rou… a "woman's best route to the top 1% is marrying rich." The article then cites some research to back this point up. What do you all think about the validity of this research? Do you think the claim is really true (even in 2019) ?

Comments (38)

 
Jun 25, 2019 - 7:25pm

Considering that quite a few men in the top 1% were married prior to gaining their wealth, I'd say no. There are probably more women entering the 1% through hard work and career than marrying into it. It also heavily depends on breast size, booty curvature, and a pretty face. If you're ugly as sin chances are most likely non-existent.

Reminds me of a story:
I knew a lady who married an incredibly wealthy guy (developer) and she even bragged about it to our face at the wedding party. Unfortunately this marriage took place in 2008 and karma wasn't on her side as several months into their marriage he went bankrupt do being over-leveraged and they lost everything. I think she divorced him a year later but got almost nothing.

The point being is that what is viewed as "wealthy" isn't always the case. Just because some guy is rich today, doesn't mean he will be tomorrow.
-one of my favorite riches to rags stories-

 
Jun 26, 2019 - 1:52pm

PeRmAnEnTiNtErN:

I think developing a new blood testing technology is a great way for women to break into the 1%.

Only if you change your voice

Commercial Real Estate Developer

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Jun 26, 2019 - 2:33pm

I think you have to factor a lot in.

The article talks about women starting more business, but I always feel they are business that aren't hugely scalable, or have small barriers to entry (such as a bakery, cleaning service, or designing service). Not saying men don't do the same thing, but as long as STEM is focused toward men I think this will continue to happen.

Another thing I think about is time/money. Women waste a lot of time working on their appearance than men. I always wonder if you expolated the extra time/money women spend on makeup, what that would translate into.

Also, as Guywithtoaster said, I think women can make it into the top 1% strictly based on their looks, whereas a man probably can't do that .

 
Jun 30, 2019 - 11:13am

ironman32:

Another thing I think about is time/money. Women waste a lot of time working on their appearance than men.

I would change the wording here. It's not a "waste" for women to spend time on their appearance. It's evolutionarily and culturally critical to their success.

Array

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Jul 1, 2019 - 3:12pm

real_Skankhunt42:

ironman32:

Another thing I think about is time/money. Women waste a lot of time working on their appearance than men.

I would change the wording here. It's not a "waste" for women to spend time on their appearance. It's evolutionarily and culturally critical to their success.

I'm not saying a "waste", having a good outward appearance is beneficial.

What I mean is, if you took an average male vs an average female, the female probably spends more time and money in terms of getting their appearance right. For example, I'm a male, I know my haircuts cost less than most women, and I can get for work/dressed quicker. Not that I'm faster, but I have less to work about and less costs (i don't have to apply foundation, lipstick, eye shadow, other stuff I'm missing?). Over time, that has to add up. Think of all the money I save by not buying expensive makeup and the like, that can be invested, and over time makes a big difference.

 
Jun 27, 2019 - 8:36pm

One thing I forgot to mention earlier on this topic is geography is a definite factor to consider. Women living in NYC, SF, LA, Chicago, probably have a higher probability of marrying into wealth than a girl from South Dakota. You actually need to be in the places where the 1% spend their time.

 
Most Helpful
Jun 28, 2019 - 5:25pm

marry rich = give up your financial independence as your rich partner will likely want you to stay at home and take care of the house(s) and kids. it's gonna be an unequal relationship within your marriage because he's the breadwinner and when love eventually fades he'll stop listening to you and he's gonna take control over your life thru financial means and have affairs. also if they're not dumb you'll get a prenup so from then on you live in a gilded cage until one of you dies. enjoy the ride.

 
Jun 30, 2019 - 11:22am

Top 1% of earnings is really quite low--$+-430,000 for a household. There are many plausible entrepreneurial and career paths that could make you this in any given year, especially with a partner. People go in and out of the 1% income all the time.

Wealth is a bit trickier as it requires $+-10,000,000. The vast, vast majority of people with this kind of wealth made it in entrepreneurial ventures. It starts with actually starting or investing in a business. However, about 39% of entrepreneurs are female, and their businesses tend to be much smaller than male-owned businesses, producing only about 4% of revenues.

In other words, to get to the top 1% in wealth, a woman needs to start a business that is scalable and that succeeds. Most businesses fail or will never realize significant success, so women not becoming entrepreneurs and not starting scalable businesses will severely restrict the ability of women to enter the top 1% without f*cking her way into it.

Array

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Jul 1, 2019 - 2:14pm

Shouldn't the honest answer be yes? Becoming that wealthy is extremely difficult and requires a ton of work. That, or be born with it.

Either way, if you assume that the average woman (and man) is going to get married, then yeah... marrying someone wealthier is objectively easier. And since I'd bet my last dollar that men make up a higher percentage of the global "1%" than women do, it means it is also probably objectively easier for a woman to marry into that group than it is to become to break into it through work, which in itself requires a ton of luck.

 
Jan 20, 2020 - 4:17am

Nope.

According to the Economist, because we totally needed research from overly paid academics to tell us this, the best way to anyone to be rich is.... to be born from rich parents!

Who could have thought?

Can be summoned to make fun of liberals at will. 

 
Jan 20, 2020 - 4:39am

Is it possible for men to marry rich? I feel like women will mostly safeguard their assets and it doesn't really help you, aside from maybe their parents will help with the downpayment on a house or something.

 
Jan 20, 2020 - 6:52am

Google Jeremy Meeks.

Can be summoned to make fun of liberals at will. 

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Nov 17, 2020 - 12:03pm

The richest women in the world are all either heiresses to manmade fortunes or got it through divorce/marrying a man who created a business empire, not a single one of the top 10 is self-made.  Women can absolutely be successful and become wealthy on their own, but if we're looking historically at specifically the ultra-rich (3 comma club) who are of course outliers in and of themselves, women just aren't competitive on the same level.  This is more than likely a result of how women didn't have equal rights for most of recorded history and that when you are looking at the extreme distribution of the personality types that generate that type of outcome, men are overwhelmingly more represented.  Now with tech being the new kingmaker, this is bound to change going forward.  I have no doubt we'll see some self-made women crack the top 10 female billionaires list in our lifetime.  Now in terms of richest in the world period?  To be honest, I doubt a self-made woman will ever make top 10. 

Array

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Jan 17, 2021 - 6:06pm

That's one that's self-made, and she's not in the top 10 women whom I cited. And none of the top 10 women even crack the the top 10 global for the last 20+ years except maybe Alice Walton.

Array

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