Trustfund Babies & Rich Kids

I only know poor people, like myself.

I’ve know several but not super-rich ones, just ordinary wealthier than thou. They have interesting jobs that don’t pay well and don’t talk about how family money supports them. All have been super nice people with good manners. No druggies or slackers.

I know a couple of guys who live off family money but no so much that they can throw it away on bizarre investments. For the most part, it pays for their apartment in the city and home at the beach/mountains, living expenses, travel, drugs, clothing, etc. Both seem kind of depressed all the time and not great at moving their lives forward in any meaningful way but otherwise they're not bad guys.

R3 here, neither of these guys work in any real way. One calls himself a writer but hasn't published an article since the Obama Era.

Somebody is jealous

R4 keep going, give a full read on them.

R5 is a billionaire

I knew one such person. He had the best education (St. Paul's, Harvard legacy, Wharton MBA). Could not hold on to a cushy Wall Street job because he thought he was entitled to be in Klosters for a month every winter, then at the family house in Vail after that. He was shocked that he wasn't allowed to take that time off. Idiot.

yeah, the one kid I know works a regular job. His family owns like 20 fast food restaurants.

My parents left me a cow when they died. Her name is Calista.

Am I rich?

The ones I know run the gamut from wastrels to pioneering physician-scientists. Most end up in the middle, collecting a degree from an elite university and politely pretending to work while enjoying lives of leisure. Some of the coke fiends settled down in their thirties and opened twee vanity businesses.

[quote] I’ve know several but not super-rich ones, just ordinary wealthier than thou. They have interesting jobs that don’t pay well and don’t talk about how family money supports them.

Like r11, I have only encountered colleagues who I am later surprised to learn are fabulously wealthy. We make the same salary but their mode of living is extravagantly better than mine. However, they NEVER talk about it because they prefer people believe they are responsible for their way of life. It's maddening because it's like "bitch, you don't have a $5 million home and spend a month in Italy every summer on our salary!!!"

I had a couple of friends with rich parents when I was young. One lost his battle with drug addiction, the other one is a complete narcissist.

I have one. She travels a lot, takes amazing vacations multiple times each year. I can tell she doesn’t understand why I dont travel more (‘cause I dont have a trust fund like her!).

I knew a couple in college. I knew a brother and sister who came from an extremely wealthy background. They were very nice, unassuming, and very self-assured. They gravitated towards boarding school alumni, what we then referred to as Eurotrash, and other from similar backgrounds. I have no idea what they're like today.

I know another guy from college who came from a very privileged background (not super rich but VERY well-off). Very laid back, unassuming, but very self-assured...prep school background. Wore Gucci loafers with sweats. He did his work in school. Today, he's CEO of one of very famous worldwide manufacturing company. He's just the same nice gy today as he was in college.

R15 I hate when they’re nice, which is a privilege they have from never having to worry about anything or aggressively compete to scale the ladder.

I worked with a woman who described herself as a trust fund baby. This was at a car dealership. I was in accounting and she was one of the administrative assistants. She was a very awkward woman and speculation around the office was that she had some kind of learning disability. The speculation stemmed from complaints from people in the office about her making errors in her work like with website listings, responses to customer inquiries, and how she dealt with vendors in the service department. She was also someone who frequently took verbal and written statements out of context and it seemed she didn't always seem to comprehend what people would tell her. She wasn't well-liked in the office due to that.

The trust fund baby was pretty open about the support she received from her parents. She said that in addition to having a trust fund-- her parents covered her condo and car payments. When she got married, she told everyone in the office about how her parents were paying for everything. I left that job a few months after she got married. I kept in touch with most people there Facebook and texting. The trust fund baby and her now ex-husband had a daughter that spina bifida and other neurological issues. She quit her job after the child's birth and was posting updates on Facebook. On social media, she was again pretty open about support from her parents. Her parents were helping with their bills and later on, she, her ex, and the child moved in with her parents. She and her ex were divorced right around their daughter's 2nd birthday. The trust fund baby and her daughter continued living with her parents and the trust fund baby doesn't work and stays home with the kid. A couple of years go by, she starts bitching on Facebook about her parents wanting her to return to the workforce and their offer to cover a private pre-school tuition for her daughter.

R17 sounds miserable.

I was in grad school for awhile with the son of a two-time Oscar winning actor. Son was bright, but dripped entitlement—clear that this was another hobby more than anything else.

I know several of the Uber-rich variety. Yes, most of them have vanity projects that they portray ad their own self-made success. Or actually, I’m not even sure they realize they are doing it, instead just seeing their startup capital as something they deserve. Most of them have lived so fully in a bubble that they don’t seem to realize resources are limited for other people.

I know a Portland Boho musician who is famous in the indie music world. She does well in her career. She works at it. (Her talent…subjective)

She is beautiful ( getting weathered now) and had the support of ultra wealthy, much older brother to get her started. Bought her a house. Invests for her.

She is pleasant but annoyingly loves to talk about making it in the biz as a woman, on her own.

I have a trust fund. It's not like I'm a billionaire but I am able to live a nice life. The trust is worth a few million, it's from an ancestor who was a Pittsburgh steel tycoon. I not a saint but I've only smoked pot a few times and have never touched hard drugs.

I would never pretend to have "made it on my own" nor do I lecture others about pulling themselves up by their bootstraps like that cunt, Jared Kushner

I knew some South American rich kids at college. They dressed like they were going out somewhere, all the time. Just to go to class. The guys wore suede jackets, expensive sunglasses, expensive watches and jewelry, high-end jeans, nice shoes or expensive sneakers. Super nice and fun to hang out with, not judgmental of other people. This wasn’t in a city so their style looked peculiar. I never noticed them handing around with other North American kids, though. Just me, because i gave them a chance I guess.

I know one. He is 30 and his family is old money but the dad owns a successful construction business. I will give him this, he at least works- for daddy.

A totally tit schedule- 30-40 hours a week at the most, he owns around 9 cars, just has it made. His girlfriend is a real golddigger.

He is a big surfer and stoner too.

I only get 120k yearly TF. I’m low-income

I had a friend whose parents gave her an expensive piece of property in an expensive part of town. She and her husband built and paid for (loan) a house that sits on that property. For what seemed like a long time, she complained to me about her mortgage. (I'm guessing she took an equity loan on the property to pay for the build.) She never acknowledged the advantage she had by getting the property (land) as a gift.

One day, I just said: "If you had had to pay for both the land and the house, you would be living in another part of town." She looked at me like this was all just now dawning on her.

I usually wouldn't say something like that, but it was just baffling to me that she never acknowledged the huge head-start she got with the gift of the land.

I know plenty. From 6 or 7 figure tiny (for 2023) trust funds to multibillionaires. I used to make a living mentoring the children of the world's plutocrats, a gig I got through a private bank in Geneva.

They run the gamut - there is no pattern. Sorry to disappoint you if you are looking for stereotypes. The only difference between them and the rest of humanity his that they have their successes and miseries and challenges while sitting on PILES if not OCEANS of cash. Which can be a privilege and burden.

Also, when they become adults, they are often judged on the sins of the their families that made those mountains of cash, and often that is a very dirty history. Most great piles of money are dirty if you scratch deeply enough.

R27 You usually don’t have to scratch all that deeply.

I’ve been undressed by kings

I only get 120k a year TF. I’m fuckin’ poor.

On the golf course I’m under par. Metro-Goldwyn has asked me to star. I’ve got a house and a showplace.

I might have to start sex work

I’ve known a number of them. They are normal people with better vacations and vacation homes.

Screw the middle classes! I will never accept them. And they will never deny me anything again. My father's other family were middle class. And we were kept out of sight, hidden from view.

As always, I love Darfur Orphan.

Ugh. Narcissist with old family money. Nasty to his wife who only married him for that money. You get what you deserve. He jokes about not getting laid. Disgusting.

Almost everyone I know. They’re nice people but occasionally you come across a sociopath.

They know they grow up in a bubble and acknowledge it, but they don’t care if other people are bothered by inequality. It makes zero difference to them.

Another one, a guy who always had that cushion of money. Went to good schools, parents took him to Europe every summer when he was a kid. Interested in a lot of things, donates to a lot of good causes, started a couple successful businesses. A real go-getter. He was dating a friend of mine. She grew up middle class but in a kind of chaotic household, not a lot of self confidence. She worked at jobs that barely paid enough to cover her expenses. He offered to help her to do something, anything and the pressure drove her crazy (not literally) because she didn’t have a clear idea of what she wanted and he was like a steam roller. He just didn’t understand people who didn’t wake up and do what they wanted.

Yes. The only common thread is that there's a day-to-day level of reality they don't have to deal with much, unless they want to, whereas for the rest of us, there's no choice.

Money marries money is often very true. There's usually at least affection there and sometimes love between the two immediate parties, but the linking of the families usually has some kind of "deal" aspect, even if their respective businesses aren't related.

Also the money brings power, choices, freedom. Time is money, but money is time, it buys you the freedom to do as you wish with more and more of your time. And time is the commodity you can't go out and earn more of.

Money is also the permission to fail, to risk big and have it not go well and still have the funds to prop up the venture, or walk away from it and not feel it that much. I know people who have built their successful but small, family-run businesses (which are well-run) from almost nothing, and they admit freely that especially as the business was building, if something had gone horribly wrong, that would have been that.

Another generality is the not talking about the money, but you just KNOW, from the grooming and the accessories being a little nicer. From their solutions to problems being a little less labor intensive and more comfortable. They go to great pains to be Like Everybody Else until they don't want to be. And very often you do find "but I worked for that" in there, implying that the playing field is level and everyone starts from the same place. True, they may have earned it, but they may also have been set up in a situation that made it relatively easy to earn.

Not a trust fund baby but I have a friend who married a man who had modest beginnings but went to MIT and did fairly well in the tech sector - by no means a millionaire but a strong upper middle class income, I imagine. Once they married, my friend stopped working but still claimed an identity as an actress, even though she’s never been in anything and isn’t at all castable, etc. - she enjoys the trappings of it, taking classes, keeping up with hair and beauty appts,, etc. They would travel all the time and she would just say things like, “We’re going to photograph the Northern Lights,” or a flock of birds or something like that, as if it were, I don’t know, important. I never said anything about it. The husband is deeply introverted and I just assumed she keeps him entertained. About 5 years ago, she told me she was considering having an affair and divorcing her husband and I wanted to say, “Bitch, how would you even survive?” She doesn’t pay for anything, probably doesn’t even generate enough money to pay a cable bill. Her husband isn’t rich, just well off. I strongly advised her against it and it seems she took my advice.

She recently told me, like she’d been dealt a hard blow, that her husband got laid off - this is happening a lot in tech now. In the same breath she told me that she’d just started working with a new therapist who “is the most expensive” in the city (and sounds like a total whack job). I wondered how long she’d be able to do that for along with dance classes and yoga, and photography jaunts, and everything else she does, with only two months severance or whatever. I didn’t say anything, I just let her go on about it but she knew.

The thing is, money doesn’t give you a true identity or self-worth.

I suppose my mafia princess cousins would be considered trust fund babies in a manner of speaking as they are set for life and have never had a job a day in their lives. Although their "trust funds" are probably buried in the backyard of their gaudy over-the-top homes Tony Soprano style.

Daddy also gave them brand new luxury vehicles the moment they got their driver's license, paid for their college education that was never put to use, purchased McMansions for them when they married their milquetoast husbands who became daddy's lackeys. They are both slum lords who treat everyone abominably. Unscrupulous and cheap as the day is long. They learned their amoral ways from their ruthless father. No redeeming qualities.

Therefore and thusly, I've had zero to do with that side of the family in over 20 years.

Yes, I know quite a few people who have trust funds and are also significant heirs, including myself. Most are well adjusted, productive people and some are quite philanthropic including my family. The OP has rightfully been identified as a troll.

By the way, I also know some heirs who are jerks.

Yes, though I didn't realize it until we were out of college. Beautiful manners, smarter than he let on, unassuming, really a pleasure to be around, but a skinflint. Really, when we were in college, I thought he was broke. Came from a very rich family that you would never have heard of but for one uncle marrying a beauty who liked a lot of attention. O/w only known to other rich people, AFAIK. He worked, including working construction. Later I learned his family was in real-estate development, so he was probably working for a family company or a family friend, but he worked. When he was between jobs, he lived with his family. I just assumed he was a slacker. Total stoner, as was I at that point.

I know a great great grandson of a gilded age robber baron. He’s an exceptionally gentle and thoughtful man though afflicted with bouts of melancholia. He also has a beautiful 7-8” hanging gloriously between his legs which helps cheer him up when he’s feeling blue. He is cautious about romantic relationships because he’s never certain if guys want him for his money or his dick. I’ve told him that it’s both they’re after.

Smell R42