Updated: Jul 23
Did you know there’s such a thing as a “certified” billionaire?
Apparently politician Michael Bloomberg is one.
His accounts boast a bit more than my own, clocking in at over $50 billion.
Even among rich people, he's considered top of the tree.
Whereas Trump, whose tax returns and net worth are a point of contention and dispute, only claims to be billionaire.
Some time ago, when the news was all politics and pre-COVID, Bloomberg joined the presidential race for a time and spent tens of millions on advertising.
A reporter asked “Do we need another billionaire in the race?” to which Bloomberg famously replied, “Who’s the other billionaire?”
This was perceived as dig at Trump.
Bloomberg is a self-made billionaire.
Trump is a Trust-afarian, rich kid of Instagram, whatever you want to call it.
Squabbling rich people reminded me of something someone told me when I was in college and learning about money and a lack of it.
“If you make the mistake of thinking some one has more money than they do, they're not going to correct you.”
That’s especially true for people who want to be rich. Strivers.
I've found that for the most part, people are happy to let you think they have more than they do.
For that reason, it surprised me when one day, in a relaxed non-confiding tone, a friend disclosed this:
“I inherited a lot of money from my dad, but I spent it all.”
The unspoken coda: "now I'm just like everybody else."
An admission of blowing through one's trust fund is not something one hears everyday.
He was about my age and had a job answering phones at a rental office or something and I guess he had a house and a car and possibly other leftovers from his "Money" days.
Two things came to mind in quick succession.
“I’ve never met anyone who inherited a lot of money and lost it!”
“Well, sure you have, but who’d own up to it as candidly as this guy just did?”
Lots of people inherit lots of money.
For some, it's like inheriting a Ferrari and not knowing how to drive.
Chances are you’ll have some fun, do some damage and crash the car or run out of gas or both.
Does it happen more than people admit. Oh, yes.
So you can earn your money, inherit your money and there's probably a hybrid, too.
That brings me to...
Anna Delvey, or Anna Sorokin, her real name.
She landed in New York started defrauding banks out of money and hotels out of services and sticking her “friends” with $60k hotel bills from trips to Morocco.
Showing oodles of cash all the time, she impressed people by slinging it around New York claiming she was an heiress who'd come into $60 million when she turned 25.
She spent a lot of money on a lot of people before it all caught up with her.
Eventually, she got busted for all that fraud and like a proper rich person, now lives in a gated community on an island.
Riker’s Island. Super exclusive.
At least one of her former “friends” has written a book and Netflix is turning it into a series.
After she was arrested, (but before she was convicted,) Anna was in jail, unable to get out on bail. New York Magazine went to interview her and she said this.
“Money, like, there’s an unlimited amount of capital in the world, you know? But there’s limited amounts of people who are talented.”
Money or talent?
Which is more valuable?
How do you manage them optimally?
Test your boundaries in the game and optimize your choices in real life.
Get it here:https://jobhuntschool.com/the-game-2020/