He doesn’t have a $190 million net worth lmao.
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The point of the entire conversation is that nowhere in the article does the guy provide proof or sources or figures or literally anything to support his $190mm number— this makes it pretty obviously complete bullshit.
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Beyond that, families divide wealth among their heirs. Wealthy families use a family office to manage their estate and investments. The family office or trust associated with the estate doles out investment income earned on whatever assets are contained in the trust.
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Which are usually invested in low risk securities, real estate, etc. You can have substantial value in a trust and produce basically nothing for income once it’s split up. (Let’s say 5% on investments + income from any land owned). Even if his split of a multigenerational estate
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was actually worth $190mm (it isn’t), it sounds like most of that would just be value tied up in real estate. Most of whatever cash existed would be put in bonds or treasury notes; things he can’t touch. That number (which again is obviously false) really doesn’t mean shit.
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Honestly it wouldn’t surprise me if his family’s estate was actually worth $190m between real estate investments and growth over a 3-4 generations but that’s pretty much meaningless after trickle down. Aunts uncles and parents share most income. Richard wouldn’t get much.
End of conversation
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Do you have a picture with Laura Welch ahem i mean Bush too? Geez two insults you are not even trying, you are giving up soo soon? Insults are signs of the defeated argument. Since you claim to know how familial wealth works maybe you should learn what "controlled opposition" is.pic.twitter.com/WfGp7TdK5A
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Dude you’re talking about the most vanilla shit. I gave you a legitimate, informed explanation of everything. You haven’t even presented an argument outside of what’s basically the equivalent of “muh dik” (not surprising from a Puerto Rican lmao). I only called a spade a spade.
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Your argument went from he can't have that much wealth because it must all be tied up in bonds,trusts& real estate to now trying to make it seem that if John Smith makes $500 million 100 yrs ago all of it is divided equally among everyone of his descendants. 2 asinine arguments
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My argument is that the number assigned to him by a guy who writes clickbait articles about the WWE is erroneous, and that his actual stake in a familial estate is functionally meaningless because he doesn’t have substantial income or control over it.
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The burden of proof rests on you to show he has substantial income and wealth beyond an IOU. I never said can’t, I said he doesn’t simply because literally nobody functions like that. That’s my informed opinion. You obviously know nothing about this stuff so idk why you argue.
End of conversation
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