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Stealth Wealth - Why America's Rich Hide Their Money

  • Article
  • Jan 15, 2012
  • #Money #Wealth
Joshua Kennon
@joshuakennon
(Author)
www.joshuakennon.com
Read on www.joshuakennon.com
1 Recommender
1 Mention
In our discussion of how much money it takes to rank among the top 1% of wealth in the United States, we uncovered the fact that roughly 80 out of every 100 members of the "new elit... Show More

In our discussion of how much money it takes to rank among the top 1% of wealth in the United States, we uncovered the fact that roughly 80 out of every 100 members of the "new elite" in the United States - those with at least $5 million to $10 million in liquid net worth generating $500,000+ in annual income ($42,000+ per month) from dividends, interest, and rents - practice what is known as stealth wealth. What is stealth wealth? It means that 80 out of every 100 members of the new elite, the top 1%, keep the money a secret.

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Andrew Lynch @andrewglynch · May 14, 2023
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Great article here on “stealth wealth” and why it’s something people should pursue: Author includes this excellent line from John D. Rockefeller: “I have ways of making money that you know nothing of.”
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