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To: txeagle
I really don't trust those online net worth estimates. The seem way off.

My friend found his in laws on there, and it said they were billionaires. I don't think so.

13 posted on 10/11/2023 8:45:13 PM PDT by nickcarraway
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To: nickcarraway

Those online estimates of net worths are napkin calculations. They don’t take into account how the person spends their money. You can take two celebrities with similar incomes throughout their career and they can have totally different net worths, because their lifestyles are different.


22 posted on 10/11/2023 8:58:45 PM PDT by Jonty30 (It never rains in sunny Alberta. It always rains in rainy Alberta.)
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To: nickcarraway
My friend found his in laws on there, and it said they were billionaires.

Depending on the currency used to make the estimate, that can be quite true.

When I traveled to Asia, I literally carried around tens of thousands in cash. I needed it. I spent 3,500 on a souvenir for my son.

39 posted on 10/11/2023 9:59:02 PM PDT by exDemMom (Dr. exDemMom, infectious disease and vaccines research specialist.)
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To: nickcarraway

Very wealthy people usually have a net worth close to zero because they put their money into trusts or other things like corporations where the “owner” is a piece of paper, not the person.


49 posted on 10/12/2023 2:56:10 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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