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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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people who have real money don't think of themselves as being wealthy.
I knew an old timer who owned a bunch of warehouses in LA, had a horse farm in KY, a ranch in Simi, had his own twin engine plane and lived in Al Jolsons house in the valley.Nobody knew exactly how much dinero he had was it 20M or 120M... He drove around in a 10 year old PU and dressed in Thrift store chic...to look at him he looked like an old geezer who didn't have a dime to his name.
Or the gal who was my annuity brokers daughters mother in law...she just happened to own the Indianapolis Pacers basketball team....I was told that she kept on complaining that 200M just wasn't enough of money..
One of the heirs to Mcdonald Douglas company told me that the wealthy drive around in VW buses while the rich drive RR's. Meaning that his family drove VW's
Mary LaFetra founder of the Rain Bird Corp...had a RR once but she didn't like it and bought a MB instead. She lived well but nothing that was ostentatious... I did see her drop 30K on some jewerly in a store in HK once though. She just put it on a Credit Card...
But what struck me the most was when one developer told me he makes 1M a year without getting out of bed and that whenever he goes into a city on a project he puts all the best attorneys in town on a retainer... He was worth about 30M...
The gal I know here in LV...who went into a Porsche agency with 100K cash in her purse to buy a Porsche and the dealer wouldn't even give her a test drive because she was dressed in some blue jeans, sneakers and a tee shirt....and looked like she couldn't afford it.
The one I have always wondered about was the old guy sitting in the back of a dark blue Crown Vic that stopped by one day while I was doing my front yard landscaping and asked about the homes as he was looking to buy a house for his daughter. All I knew was that old boy had some real dinero...but again it was all low key.
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"Some Observer"
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