He doesn’t have a $190 million net worth lmao.
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.
-
-
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.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
So you actual point is that he can't be that rich because a person's wealth is determined by how much actual cash one can put an their immediate disposal and not be tied up in businesses,bonds or trusts. By that definition the Rothschilds are broke. smh
-
My point is that you obviously just don’t understand how familial wealth works and you sound like an idiot while trying to explain it to someone who does. Family office types live off 1% of their income per year. That’s $1.9mm at $190mm distributed between his parents and uncles
-
$2m/year distributed between a modest 3 couples leaves $666k/yr for each family. Have they build up other wealth and income from that? Probably. How much of that gets to Spencer though? Probably not much.
-
My point is that even if you have a stake in something that’s very valuable it often doesn’t translate to income which is really what makes people ‘rich’ in the sense that they actually have lots of money to spend. It doesn’t look like that’s the case for Spencer.
-
And if you’re just gonna argue ‘oh he’s rich because he has a rich family even if he doesn’t have income he’s still rich’ then what’s your fucking point? Sure he’s rich. It still doesn’t change the fact that it absolutely doesn’t mean shit.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.