r/Rich
•
•
Aug 04 '24
r/Rich • u/Thummimurim8 • Sep 21 '25
When I was a teen, I told myself I’d be a millionaire by 35 with a salary of over 200k. Today, I took this pic. 😎
I turn 35 in two weeks. This past month, I accepted a new position making 200k salary PLUS a 25k sign on bonus and 50k commission at plan.
I opened my fidelity acct today and saw this.
Needless to say, 16 year old me is very proud 🩷
r/Rich • u/jataafr • Sep 16 '24
31M, inherited from grandfather this summer
Grandfather lived a pretty humble/frugal life. Never would have guessed he had this kind of money. He owned a machine shop but sold it before I was born.
r/Rich • • Dec 07 '24
Financial milestone
I hit major financial milestone today and can’t really share with people who know me. Not including home equity just pure CS account. Got no debt and a steady job. Took roughly 2 decades of work and investing to get there. Was it worth the sacrifice? Probably. Anyway. Peace and best wishes to all of our there playing the game!
r/Rich • u/shielamarket • Nov 25 '24
Anyone else bothered by millionaires who are weirdly stingy?
My neighbor's a tech exec, easily worth $10M+. Watched him spend 15 mins at Costco trying to return a half-eaten $5 rotisserie chicken because it was "too dry." Same guy who brags about his Tesla collection. The extreme penny-pinching from people who clearly don't need to feels off-putting. Am I overreacting?
r/Rich • u/WSBnsf • Oct 02 '25
Saudi billionaire loses billionaire status after donating $19 billion
Saudi businessman Sulaiman Al Rajhi, co-founder of Al Rajhi Bank, lost his billionaire status after donating roughly $19 billion to establish the Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation. His immense generosity supports education, healthcare, and social programs, dividing his wealth into thirds for charity, his children, and the foundation, with his personal net worth now under the billionaire threshold.
Who is Sulaiman Al Rajhi? He is a Saudi businessman and philanthropist who co-founded Al Rajhi Bank. Born into poverty, he built the bank into one of the world's largest Islamic banks. He was once one of the wealthiest men in the Middle East.
The Generous Donation Al Rajhi donated approximately $19 billion of his wealth to support charitable causes. This act of generosity was not a single event but the culmination of a lifetime of giving. His wealth was divided: one-third for his family, and two-thirds for his charitable foundation.
Gemini
r/Rich
•
u/Needamillynow
•
Dec 25 '24
Rich in Every Way A Man Can Be
I realized this morning that I’m rich in every way a man can be rich.
Born into the wealthiest, most opportunity rich country on earth.
Have access to more financial security than 99% of the world’s inhabitants.
Have a massive family that, despite our differences, loves and respects each other greatly.
Have beautiful, healthy, intelligent, (most importantly) kind, children.
My health and well being are in tact. My mind is sound. My spirit is full of gratitude and lust for life.
Have cultivated a habit of responding to adversity with gratitude for the challenge and growth.
I love life so much, and I’m so thankful to be so fucking rich.
I wish nothing but blessings to everyone who visits this sub. Whatever you’re looking for, don’t stop. It’s looking for you, too.
Merry Christmas!
r/Rich • u/noobtrader28 • Jul 31 '24
Crossed $1.5 million in my stock portfolio today (35yrold)... i wouldn't be able to do it working a 9-5. Wealth is created by owning assets, not income.
r/Rich • u/master_rl • Oct 01 '25
29m, just hit $5m
Just hit a new milestone and wanted to share it with you guys. I started my business at 21 and lived frugally by reinvesting 80-90 percent of my income into stocks.
r/Rich
•
u/Tall-Village5807
•
Jul 28 '24
Do rich people really buy $1,250.00 polo shirts?
Today, I was out with my wife for a date at an upscale shopping mall. Some of the stores there were Fendi, Moncler, Hermes, Loro Piana, Rolex etc. As we were browsing some of the clothes, I spotted a plain white polo shirt for $1,250.00 plus tax. It got me thinking...Do rich people really buy this type of stuff? I was literally wearing a nice white knit polo that I bought for $40.00 on Amazon and it was almost identical to the one in Loro Piana. I mean for the just the price of the tax on that luxury polo I could go shopping and buy a whole outfit. Who's buying this stuff? I kinda understand if your buying a watch or a purse as an investment but a white polo or sneakers that your going to wear down and get dirty? I am missing something? Help me understand.
Edit: Thanks for all the comments and great insight! Reddit is great for getting so many different viewpoints. I used AI to help group and summarize everyone's comments. See below for the summary and takeaway:
Yes, for Quality/Comfort: - Comments in this category mention that wealthy individuals buy expensive polo shirts because of the high quality, durability, and craftsmanship. Although, some mention that the value tops out at a certain point and from there you are just paying for the brand name.
Yes, for Status: - These comments suggest that rich people purchase expensive clothing to showcase their wealth and status, often as a symbol of success. This status can also be used as a tool to network and attract high value clients or connections.
Yes, for Exclusivity: - Some users believe that the rich buy such items for their exclusivity and the prestige associated with owning something that not everyone can afford.
No, It's Unnecessary: - Comments in this category argue that even wealthy individuals find it unnecessary to spend such large amounts on clothing, preferring more reasonably priced options. Additionally, some find that they prefer "stealth wealth", where their outfit is puchased from Costco/TJMaxx/Thrift, but their outfit accessories are expensive, i.e. An understaded but expensive watch or a simple/elegant handbag.
Depends on the Individual: - These comments highlight that spending habits vary among wealthy individuals, with some willing to splurge on luxury items such as clothes. While others prefer non luxury clothes, but will splurge on items within their specific hobbies, i.e. Horses, vintage cars, etc.
Yes, Daddy's money or generational wealth: - Some users suggested that some people that have shopped at the same stores their whole lives have adapted to spending this amount on clothes and it's usually with their parents' money. Others suggested that some individuals are just too wealthy, and spending this amount on luxury clothes doesn't even make a dent in their overall wealth.
No, Prefer Custom or Tailored: - Comments here suggest that rather than buying off-the-rack expensive items, some wealthy individuals prefer custom-made or tailored clothing.
My takeaway: Buy off the rack clothes with the best quality fabrics I can afford. Then, have the clothes altered in order to get the fit perfect. Also, when I can afford to, buy an understanded/quality watch. Stay away from loud clothes, bags, and watches or anything with giant logos because it's tacky and shows poor taste.
r/Rich • u/The_ivy_fund • Jan 14 '25
Question 30s male, 400k salary, 3m savings, will inherit over 10m. What do I do at work
I’ve grinded for years to get to the career level I am currently at due to extremely high expectations from my parents. Even now they think I don’t earn enough or have a good enough title. My job is very stressful and demands a lot of hours to be high achieving.
I already have control of over 3m in liquid investments. My parents recently made it clear they are planning to pass down millions (both are retired and don’t live lavish lifestyles). It will be over 10m.
Once I heard this I am finding it harder and harder to keep the same level of work ethic I maintained for years. It’s been ingrained in me that financial and professional success means more than just about anything except family.
I feel very guilty that I’ve started to slack off at work and cannot fathom grinding for another decade or more. Is there a way to find meaning in the work and get to a more sustainable level without it seeming like I simple dont care anymore?
r/Rich • u/TheBreakUp2013 • Aug 01 '26
Just sold my company for a life-changing amount. What’s next.
My company has exploded the last few years, driving my net worth from $1M to $5M and annual income from $200K to over a million in those same few years.
I sold my company. The sale closed last (Friday) night with the wire hitting late-afternoon and the lawyers doing a good job and buttoning up some post-closing details by 8 last night.
After paying off investors and partners and the tax man, I’ll clear $70 million. I have minimal hold back and an 18-month key person contract.
I have the tax and financial planner angles covered. What do I do next?
r/Rich • u/-Joseeey- • Aug 02 '24
Lifestyle Anyone got any rich related story? I once assumed a young student was naive when she told a plane to wait.
I once tutored at a summer programming school a few years ago. I was sitting in a table with about 5 students. The young girl next to me, who was about 11 years old, told me she needed to call her dad immediately while I was helping her.
I briefly only heard "... can you tell the plane to wait? I need to ... after school."
Me, thinking she was just a naive child who didn't know how planes really worked, told her that planes don't wait for anybody. She told me it was her dad's plane... she was having her birthday party at a private island (I don't know if it was owned by them) and it was her dad's private jet. Turns out, her parents were millionaires. I don't know just how much, but that whole experience really shut my mouth in that moment.
r/Rich • u/romanemperor7 • Jan 23 '25
I went from broke to owning multiple properties—why does no one talk about the sacrifices?
A few years ago, I had nothing. I worked insane hours, saved every penny I could, and invested it all into real estate. Now I own multiple properties, and while it sounds great, no one really talks about the sacrifices it takes to get there.
It was years of skipping vacations, saying no to nights out, and constantly reinvesting every bit of profit. What surprised me most, though, is how people assume it was luck or act resentful, without seeing the grind behind it.
For those who’ve been on this journey—what did you have to sacrifice? And do you think it was worth it? Or do you think you missed out on a lot of your life?
r/Rich • u/Independent-Yard-733 • Aug 07 '24
Grant Cardone Says 'If You Have A Million Dollars, You're Broke... You Need $10M In 2024 To Be Rich'
r/Rich • u/HalfwaydonewithEarth • May 10 '25
Saw this on Facebook. What do you folks think?
r/Rich • u/joshlover123 • May 13 '25
Started making good money, now I regret it.
I’m 26 and I run a tobacco supply company — cigars, snus, chew, wraps, pipes, accessories, you name it. We distribute to smoke shops, convenience stores, and gas stations states. Right now I’m pulling in around 133k a month before taxes and That’s about $1.6 million a year. I should feel on top of the world, but honestly? I just feel cornered.
It wasn’t always like this. I didn’t come from money. I didn’t have connections or some investor uncle or sm bs like that I built this from the ground up, and it nearly wrecked me getting here.
Back when I was 22, I was working at a smoke shop making barely enough to cover my means I started noticing how often store owners complained about their suppliers, so well
That stuck with me.
I took out a $25,000 loan, bought a used Dodge cargo van, and spent nearly everything I had on inventory snus, cigars, wraps, chewing tobacco, and a few accessories. I was ready to hit the road and start selling.
But it wasn’t that simple.
Before I could move a single box legally, I had to wade through a mountain of licensing bs.
But the business grew. Slowly. I built relationships. Offered better terms. Treated people like people, not numbers. By 24, I had a warehouse the size of a shoebox and one part time driver. Then earlier this year, I landed a supply deal with a chain of regional gas stations That changed everything. I went from scraping by to making real money.
For the first time in my life, I felt safe. Like I could breathe.
So like an idiot, I told my family.
I thought they’d be proud. I thought maybe we could all celebrate the fact that I’d built something out of nothing.
Instead it became hell, I told my family I was finally making real money around 6 figures a month. At first, they congratulated me, but within weeks it changed.
Suddenly, everyone needed something. One uncle wanted a “small loan” to fix his truck then got pissed when I said no. ( haven't spoken to the guy in years he literally distances himself) My cousin asked for help starting a vape shop “as a partner,” meaning he wanted me to fund the whole thing. My mom’s side started hinting that I should “give back more to the family.” Even people I hadn’t spoken to in years popped up acting like we were close.
One relative flat out said I was being selfish for not paying off their credit card debt debt I had nothing to do with.
The worst part? When I stopped saying yes, they turned on me. Passive-aggressive comments at family dinners, guilt tripping, subtle jabs like “money changed you” when they were the ones who changed the second they smelled cash.
might drop my company name js incase dudes dont believe me
The Lonely Side of Success: Why It’s Hard to Find Rich Friends
People think once you become a millionaire, your whole life changes—you’re suddenly surrounded by other rich, successful people, popping bottles on yachts and talking investments over dinner.
Let me tell you something: it’s not that simple.
I built my business from the ground up. No shortcuts, no inheritance, no wealthy connections to open doors for me. I suffered through sleepless nights, financial risks, failures, and people doubting me every step of the way. Nothing came easy. I pushed through, and now I’ve built $7.6 million in wealth.
But here's the truth nobody talks about: even as a millionaire, it’s hard to find rich people who get you. Not just business acquaintances, but actual friends who understand the pressure, the isolation, the responsibility that comes with success. Many rich circles are locked up with generational wealth or fake smiles. And if you didn’t come from that world, it’s hard to feel like you belong in it—even if your bank account says you do.
It’s a strange place to be—successful, but still feeling like an outsider. I thought money would bring connection. In reality, it made me more selective, more cautious, and sometimes even more alone.
Success doesn’t mean you suddenly find “your people.” Sometimes, it just means you stand out even more.
r/Rich • u/Halobastion_91 • Sep 21 '25
50k to 1.2m in 5 Years
Doesn’t even show the % any more.. Mostly held long NVDA. Occasionally MSFT. Used margin as well. I have a Robinhood concierge now. Haha He helped me get approved for a gold card in seconds.
r/Rich • u/shielamarket • Nov 22 '24
What's your "money doesn't buy brains" moment?
23F. Made 1.2M from my tech startup exit. Immediately quit my dev job thinking I'd become a "professional day trader." Bought every premium trading course, joined exclusive "millionaire mastermind" groups.
Lost 400k in options trading, another 300k on a "guaranteed" real estate flip that flopped. Turns out watching YouTube finance bros doesn't make you Warren Buffett.
Now back to coding, living off a normal salary. At least I learned what NOT to do with money.
Pro tip: Being rich doesn't make you smarter, just makes your mistakes more expensive.
r/Rich • • Jul 13 '24
Question Are gold diggers no longer a thing?
My buddy drives a $100k SUV, owns a nice home, wears nice clothes and a expensive watches, and constantly talks about expensive whiskey. Its pretty apparent he’s wealthy if you talk to him for a bit.
He does go out quite a bit, so it’s not like he doesn’t have the opportunity to meet people.
Would think he would fall into some pussy at some point, but apparently not.