re: Who are the real known/actual OT ballers?

quote:

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My first job out of college was working for a private equity group putting together oil and real estate deals. When we would get a group together everyone had to send in their tax returns and personal financial statements.

I am not exaggerating when I tell you that probably 30% (conservatively) had incomes in excess of their net worths. I am talking about surgeons making $500k a year in 1995 who had $100k of equity in their house and $50k in their checking accounts and still had student loan debt.

Many, many, many guys in their 40s working as insurance agents, lawyers, etc who made good money and had negative net worth.

And that was 30 years ago. I assume it's worse now.

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Agree, people with high income tend to spend a bunch and $1 mil is much different than $9 mil...but both are 7 figure incomes.