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re: Who is the richest person you know and what do they do?

Posted on 9/1/18 at 3:50 pm to
Posted by LSUERDOC
Member since Jul 2013
2608 posts
Posted on 9/1/18 at 3:50 pm to
Buddy of mine owns a business in healthcare. My brothers wife is his cpa so I know that he made $40M last year. He has a house down the street from Tiger’s old house in Windermere as well as one in Dallas in Preston Wood. His car collection is amazing.
Posted by Masterag
'Round Dallas
Member since Sep 2014
18811 posts
Posted on 9/1/18 at 3:51 pm to
quote:

thought it was a little strange we have so many billionaires.

My co-worker thought our owner of our previous company was a billionaire. He sold the business for $300 mil. Not chump change but not close to a billion. And he didn’t own the company 100%.


Lol. I’d be skeptical, too, I’m sure. You’d know if one of them, or at least his biz. He’s in Forbes and it has his estimated net worth at 2 billion last i checked.
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 4:03 pm to
quote:

$250,000 annually


That’s OT poor
Posted by HempHead
Big Sky Country
Member since Mar 2011
55507 posts
Posted on 9/1/18 at 4:05 pm to
quote:

Congrats. She better be Catholic.


I'm flattered you think I'm talking about me.
Posted by shinerfan
Duckworld(Earth-616)
Member since Sep 2009
22447 posts
Posted on 9/1/18 at 4:11 pm to
I played golf a few times with a guy who owns a great deal of commercial property in downtown Atlanta. He was really drunk one time and told me that everytime he starts getting close to a billion some disaster will strike. I naively assumed he meant an economic downturn following 9/11 or the banking crisis or the like. "Nah, I'll get caught with a bunch of hookers and get divorced again".

I rhink he inherited millions in N GA timber but the big office buildings are all him.
This post was edited on 9/1/18 at 4:15 pm
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65856 posts
Posted on 9/1/18 at 4:11 pm to
Upon short reflection four or five folks I know are in the family B net worth club.

Only one is old family money (controls a sixth generation firm) far from LA.

The others are all self-made or second generation from parents who were comfortable but not wealthy.

Most of them still self-drive, one does not.

GWagons, nice German sedans and 3/4 ton domestic pickups for rides.

One I’ve known for almost 40 years, I’m in the inner Circle of Trust.

Their wealth solves many problems but creates more than a few as well.
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 4:12 pm to
quote:

old her majority share to my mom and now she met some native American guy and uses him to win government contracts that don't seem to require her to actually do anything. Pretty sure it's illegal and I wouldn't be surprised to see her in prison at some point.


Not really. All Native American business only award contacts to companies with Native American ties. It’s a joke but a reality.
Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
22064 posts
Posted on 9/1/18 at 4:13 pm to
Several friends that are real estate developers. They're loaded.
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 4:16 pm to
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65856 posts
Posted on 9/1/18 at 4:17 pm to
No hair, don’t care.
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 4:19 pm to
quote:

No hair, don’t care.


You don’t know 4 self made billionaires
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65856 posts
Posted on 9/1/18 at 4:29 pm to
quote:

You don’t know 4 self made billionaires
You’re right.

I never said I did.

I know members of 4 different families whose total familial assets are at least a billion.

Part of my day job is insurance-related sport.

Smart wealthy folks like to stay wealthy.

One is a Louisiana Oil related

One is in the Baltimore area and originally started in hedge funds

The others are in transportation and related ventures or in construction materials.

I’d rather not say where they are because it’d be relatively easy to figure out who they are.
This post was edited on 9/1/18 at 4:31 pm
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 4:32 pm to
quote:

I know members of 4 different families whose total familial assets are at least a billion.


Total assets and net worth are two different things
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65856 posts
Posted on 9/1/18 at 4:49 pm to
Thanks for the clarification.

I’m sure someone here doesn’t know that.
Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 5:02 pm to
quote:

hanks for the clarification.

I’m sure someone here doesn’t know that.



Stick to your day job sport
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63178 posts
Posted on 9/1/18 at 5:02 pm to
Of course all the Aggi know a billionaire or two personally. Always trying so hard.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65856 posts
Posted on 9/1/18 at 5:18 pm to
quote:

Stick to your day job sport

Posted by dsides
Member since Jan 2013
5402 posts
Posted on 9/1/18 at 5:23 pm to
Is that you? Figures
Posted by TigerStripes06
SWLA
Member since Sep 2006
30032 posts
Posted on 9/1/18 at 5:24 pm to
My stepfather made an assload of money in the 70s as a geologist finding oil wells. He hasn’t worked since the 80s. He invested well and is extremely tight with his money. I really have no idea how much he’s worth, but I suspect it’s more than I would ever guess.
Posted by majoredinwhitehorse
lower alabama
Member since Nov 2016
804 posts
Posted on 9/1/18 at 5:25 pm to
Jim Flores-he was a petroleum land man, but has expanded a bit.

Scotty Moran-was a farmer, now retired.
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