Comment on Do rich people only wear designer clothes? Like, every piece?
Professorozone@lemmy.world 1 week agoUmmm $50M is yacht and charter flight levels of rich. I guess she just doesn’t know it somehow.
Comment on Do rich people only wear designer clothes? Like, every piece?
Professorozone@lemmy.world 1 week agoUmmm $50M is yacht and charter flight levels of rich. I guess she just doesn’t know it somehow.
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.
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.
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.
Witchfire@lemmy.world 5 days ago
My partner and I dream of affording a $1Mil house on a shared income, you really need to rethink what you consider (or don’t consider) wealthy
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.
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.
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.
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.
Professorozone@lemmy.world 4 days ago
You have no idea what I know. Anyone with a $50M net worth and I’m assuming that’s what you are talking about, that can’t generate more than $500k a year, is a friggin moron. It’s not hard to believe since she’s related to you and there is no real requirement to be smart to be rich. You just have to lack a moral compass.