What does the richest person you know, do for a living?
By know, I mean personally know. By richest, I mean self-made richest. How did they get their wealth?
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Career Resources
Lead PM. Largest fund. > $40B at > 1% Do I need to expand?
Do think you will make the Three Commas club too?
no
You really did not have to add this phrase.
You really did not have to add this comment.
The issue here is people post and don't know how to frame a debate or an analysis. You want comments about what the meaning of someone being self made is … or a look at some successful people in people's circles. I think you want the latter and just threw that in for no apparent reason in a breath of naiveté.
Also, no man is truly self made. The only self made being is the creator of the universe.
Don't be such a pedant, everybody knows even Jesus popped out of someone else. Probs just means not being like one of Sam Walton's heirs and doing nothing to expand their billions.
X
Started and sold two insurance companies
Created company sold it.... bought another company fixed it sold it.... invested in BTC sold it..... Wealthy people with 3 commas buy and sell assets. Not many 3 comma club guys are in finance sure there is a few but there are may more doing entrepreneurship
was gonna comment - the richest people i know work for a living, the wealthiest people i know live off their investments
What is the difference between rich and wealth in your opinion
Shaq and Kobe are rich. Mark Cuban and Richard Branson is wealthy.
Lmao so only billionaires are wealthy? Cuz Shaq and Kobe are both worth north of $300 million and Kobe just started his own self-funded VC firm a few months ago...
and this.... https://bleacherreport.com/articles/2791197-report-kobe-bryants-6m-inve…
No of course not. But Shaq had to get paychecks from somebody. That person is wealthy.
Not sure that's the way to look at it. Kobe Bryant has a net worth of ~$500mm. The man who paid his salary was Dr. Jerry Buss, who had a net worth of $600mm. There is almost no question that Kobe Bryant will have a higher net worth than Dr. Buss did by the time he dies.
A lot of the older sports owners aren't particularly wealthy, outside of the extremely illiquid asset of their team. The Rooneys and the Maras in the NFL are good examples of this.
Fair pt. I didn't research the networths or anything.
During their playing days of course.
Although one could consider the top 10 of the NBA wealthy. So I guess Kobe and Shaq were bad examples.
wealth to me means living solely on your investments. So that can be both living a luxurious lifestyle without working, or simply to not have to work, i consider both of those wealthy.
Works out two hours a day, sips on $500+ wine everyday, plays three hours of golf and drives a $125,000 car. He's a generous guy though. Involved in multiple charities and gives pretty generous wedding gifts
I would prefer not to say his name as a billionaire but he was an early investor in Facebook and Crypto-Currency. I emailed him about a ETF regarding Crypto. He actually sent me email and gave his personal email to me after. He is a really nice guy, we speak on the regular and we have seen each other multiple times as friends.
One of the Winklevoss twins.
I have the personal phone number of a Fox Business commentator. Got it off of Twitter after I asked for advice. They said sure and told me to DM my number.
Chairmen/CEO of massive company or another person who is the founder of ~$40bn hedge fund (and all around legend)
Both happen to be very nice people...both worth roughly $7bn, which I think may be a conservative estimate
Former boss is 92(?) now and is worth about $1 billion by building apartments in the D.C. suburbs in the 1960s and never selling them. They are now Class C pieces of dog crap but they print cash.
CEO of one of the main online brokerage companies. Worked his way up through the company.
Old CEO is a billionaire real estate tycoon.
Another billionaire started out in energy and killed it, now he runs his own PE firm and rakes in the cash with all of his portfolio companies.
Another past CEO who is a billionaire started with a local trash company then moved into hotel development. Now he develops all property types and has a PE arm with the same management team who has the sauce - they turn no-name companies into billion dollar companies regularly, it is pretty impressive.
Coming from a pretty rural place, there's not a whole lot of wealthy people around - and thus people I would know on a personal level. But I know two guys that are in the mid 8 figure range
A: co-founder of a online betting company from the 15 years back, which was acquired by one of the largest betting companies in the world. AFAIK, he's not doing much these days. Travels the world to play poker, and has some low-key projects tied up to his hobbies. Used to be a developer, but put that away as soon as his share of the purchase came in.
B: Older man, probably the most extreme case of workaholic I know. Works 6 days a week, 12 hours a day - he pretty much lives in his shop. Apparently made most of his money during the 80s, buying up cheap real-estate which has skyrocketed in price ever since.
That seems also seems to be the trend among people in the 7 to 8 figure crowd where I'm from. They either own companies, real-estate, or both.
Inherited the family fortune and now just sits on company boards and attends events.
Before banking, I worked in PWM. One of the clients I met with was worth a lot.
woah
Well that narrows it down to about 3 people lol
Only a small fraction of their wealth was in the account I was dealing with.
Thinking about it - probably MacKenzie Bezos. We had spin classes together back in the day. She's nice.
She is truly a self made example. Without her skills in keeping the optimal environment for success in her house, much wealth would have not grown in the world today.
MacKenzie Bezos burner account
dw he isn't https://www.wallstreetoasis.com/files/styles/w800/public/inline/images/…
Buddy's grandpa started one of the first dish networks. $1b+ family but you'd never know it. Humble people.
Another family friend was an early investor in Apple. Not sure how much that made them but I know it was a massive sum.
I know, but haven't spoken to for a while, the founder of priceline. Still have his number. Nice guy.
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