The real wealthy folks still are hush about their capital. The folks you see flinging cash and status around are - and always have been - the nouveau riche.
Perhaps but Bezos, Branson, Ma, Musk, etc, aren’t the quietest bunch regarding their monies. We even have those who are wealthy but need to tell us how unwealthylike they live such as Dorsey.
>Perhaps but Bezos, Branson, Ma, Musk, etc, aren’t the quietest bunch regarding their monies.
Well, those are also crude nouveaux riches. Heck, they even had to somehow work for their money (even those of them that got some hefty support from their parents).
I'm not even sure that many are really rich. I recently read that the average net worth of a Ferrari owner is less than one million pounds and that most Ferraris are financed.
Low net worth includes people with $0, but also people worth negative millions because they have a lot of debt. The only way to get that much debt is if you’re rich.
It’s better to look at assets excluding debt. This also shows the problem with student loan relief, which is it mostly benefits dentists.
