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Comment on Do rich people only wear designer clothes? Like, every piece?

rich people aren’t all the same. some do, some don’t.

what’s weirder is the poor people who do this, and go into debt to do so, so they can feel/look rich.

my sister has a net worth of something like 50 million, and shops at Target and doesn’t have designer anything. but she grew up poor and isn’t into fashion or luxury goods. but she would not consider herself rich at all. to her rich is people who have yachts or charter flights.

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Professorozone@lemmy.world ⁨1⁩ ⁨week⁩ ago
Ummm $50M is yacht and charter flight levels of rich. I guess she just doesn’t know it somehow.

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- AskewLord@piefed.social ⁨6⁩ ⁨days⁩ ago
  It’s not. Chartering a 3 hour flight costs $50K. She flies business class and pays like $5K.
  
  You’re an order of magnitude off.
  
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  - Aneb@lemmy.world ⁨5⁩ ⁨days⁩ ago
    How did $50 mil become not so opulent? Thats fifty million dollars. I have 2k in savings, I’m thinking about busing instead of flying. Whatever level I’m picking for airlines is $400-500 nowadays one way.
    
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    AskewLord@piefed.social ⁨5⁩ ⁨days⁩ ago
    Would you regard a 1950s run down shack of a house as opulent?
    
    Those cost 3 million dollars where my sister lives.
    
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  - BenevolentOne@infosec.pub ⁨6⁩ ⁨days⁩ ago
    People who haven’t had the opportunity to see it don’t realize that wealth distribution is fractal, and the more money you have, the more obvious this is.
    
    I like to think of it in terms of stack of 300X (I could buy your year in a day’s interest) and work your way up.
    
    $1 $300 $90000 < if you’re reading this post, you are probably around here. $27000000 < This is the rich person in the post above, notably still in the middle. $8100000000 < Private jets, billionaires, there are a few thousand of these. $2.43E12 < Musks, Bezoses, etc.
    
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  - Onomatopoeia@lemmy.cafe ⁨6⁩ ⁨days⁩ ago
    And the prices of those yachts doesn’t take into account the cost of ownership - slip fees, fuel, maintenance, etc.
    
    Owning it costs a lot more, which is true of so many things.
    
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  - Professorozone@lemmy.world ⁨5⁩ ⁨days⁩ ago
    I never said I knew more about her life, but please keep putting words in my mouth.
    
    A $50M net worth should absolutely be bringing in $2M/year income which is plenty to charter flights and buy yachts. I never said it had to be chartered trans Atlantic or that it had to be a super yacht.
    
    But sure I guess your poor sister just can’t swing the money to fly first class with her measly little $50M. How embarrassing for her. You should clip some coupons for her to get by.
    
    I mean how much do you think you need? Seriously.
    
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    AskewLord@piefed.social ⁨5⁩ ⁨days⁩ ago
    You know nothing about money. You sound like someone would sell their house to buy a Ferrari and wonder why they are broke a few years later.
    
    Asset value appreciation is not income. You seem to be under a total delusion she is making 2 million in cash a year. She isn’t. They make like 500K in income, and after taxes it’s like 300K. Doctors make more than her and her husband do. Do you think a doctor chartering flights?
    
    You are talking about people who have $500 million in assets.
    
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shalafi@lemmy.world ⁨6⁩ ⁨days⁩ ago
I knew a lady who owned a solid chunk of downtown Pensacola. My ex-wife and I would see her and her daughter at $.99 Sundays at Goodwill.

My first wife had a good friend who was filthy rich by her husband, still worked as a nurse and, like me, loved to brag about how cheaply she had scored her shoes and such. Saw her outside their beach condo one afternoon at Mardi Gras. She wasn’t dressed fancy, but I bet she had a cool $50K in jewelry. Nothing ostentatious! More like, “That woman isn’t wearing anything fake.”

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