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

quantgrunt's picture
Rank: Neanderthal | 2,625

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-rout... 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 (27)

Jun 25, 2019

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-

    • 1
Funniest
Jun 25, 2019

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

    • 23
Jun 26, 2019

Just read something earlier this week, the federal criminal case against Elizabeth Holmes has been slated for a September 2020 start date.

Jun 26, 2019
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

    • 1
Jun 26, 2019

That was easily the weirdest part of the whole scandal for me

Jun 28, 2019

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

Jan 20, 2020

And wearing black Turtlenecks all the time.

Jun 26, 2019

Well, since the 1% is made up of old guys and old women, I'd have to say probably not. Unless their SO dies or divorces them, there's limited open options.

Hard work and education is probably still their best bet.

Jun 26, 2019

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 .

    • 2
Jun 28, 2019

Men are more focused towards STEM*

Jun 30, 2019
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.

Jul 1, 2019
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.

    • 2
    • 1
Jun 27, 2019

"BEGONE, THOT!"

Dig for gold, get fucked

Jun 27, 2019

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

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.

    • 3
  • Prospect in IB - Gen
Jan 20, 2020

preach

Jun 30, 2019

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.

Jun 30, 2019

Men are more comfortable with variance and risk; it's evolutionarily programmed into men. This needs to be taken into account when it's comes to the breakdown of entrepreneurs by sex, as well as the size and scalability of an entrepreneurial venture.

Jun 30, 2019

if you marry rich, you pay for it for the rest of your life

Jul 1, 2019

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.

Jul 2, 2019
Ozymandia:

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.

Being born with it is probably the best route.

Jul 1, 2019

Combined wealth yes.

Jan 20, 2020

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?

Jan 20, 2020
Comment
Jan 20, 2020