Originally Posted by Cruiser2B
I live and work near mile marker 0 on the ICW
and there are 100's if not 1000's of these yachts passing, stopping and using facitilities near and around here each month. I believe they do bring a large amount of money into the area. Each night its not uncommon to see a different 100+ft yacht tied up to Waterside in Norfolk. I often sit there looking at them wondering where the money comes from to buy and maintain these boats.
It's interesting to see where people made their money.
I met one family
whose grandfather invented the rolling IV stand (doesn't tip over) and went on to make hundreds of millions in hospital equipment
, almost inventing the field. His 2 grandsons enjoy the rich lifestyle with the best of everything - houses, cars, boats, RVs, vacations.
A friend of mine saw an opportunity when HOAs sprang up all over the US and were getting sued for mismanagement and embezzling. He started the first HOA fund management company and became the largest HOA management firm in the US. He doesn't go to work, his management team handles the operations, he dreams up new ways to make money.
He told his 17 yr old daughter a few yrs ago that CA had just passed legislation requiring outside oversight of local elections, balloting, etc. Straight out of high school
, she started her company that basically oversaw and audited local elections, etc. Since this was a new field and there were no competitors, she could bid whatever she wanted, and always won the contract
. They were required by law to hire someone, and she was the only bidder. Before she was 20, she owned a brand new BMW (cash) and had just moved into her 4500 sft custom dream house, with the interior
custom decorated. She's on her way to being a millionaire before 24.
Another friend of mine owns a high end dating service
. Millionaires and models. The men
are screened with a list of assets and a credit report, the women are screened with a credit report and a background check to ensure she was never treated for psychiatric problems. It costs $10,000 to join the match making service
, plus extra fees
for each introduction
. He's got a couple million or so.
Another friend owns a bicycle factory in China
. He designs all of the parts
here in the US, they make the parts
and build them there in China
. He laos has a couple million.
I know 3 real estate developers, one is big in San Diego
, another is big in Phoenix and the 3rd is the big fish
in the Tucson area. A friend of mine is the son-in-law of the Phoenix developer, then we discovered he was also my (now ex) GFs uncle. LOL
A very close friend of mine founded Airsis, Inc. about 20 yrs ago. A few years back, it merged with Portvision, with him retaining ownership
of it all and the job title of Chief Technical Officer (lot more fun than CEO, believe me.) They just got acquired by Oceaneering, Inc. I'm guessing he's going to gross $10 - $14M on the deal. He struggled and poured his heart into it for a lot of years, so I'm really happy for him. He told me he's going to keep all of the employees there, keep the same job, but now he actually has to answer to a CEO. That's kinda funny
, because for the past 7 yrs or so, he's been starting his weekend about noon on Thurs., and he's not sure if he's going to be able to keep doing that. LOL
Another friend of mine was married to a billiards mfr., she helped grow the company. When they divorced, the company was worth $22M. He told her he'd find a buyer to buy 1/2 the company as a partnership
and he'd give her half of all of their properties plus $11M cash. Her counter offer was to keep the company, because a partner would only argue with him about which way to guide it. Just keep her on as a member
of the board of directors at a salary of $5K/month plus free medical
for life, and she'd sign the divorce papers. He was so grateful, he gave her 2 of the 3 houses ( she sold them for $1M ea)
and whenever she wants a major purchase
like a houseboat, or a cabin
in the woods, he still buys them for her, even though she's married to her 2nd husband. The 3 of them are very close friends.
I also know a "fixer" who says he has about $3M tucked away. He told me is retired DOJ
, but still travels a lot for the State Dept., even though his business card says "Investment Advisor." Apparently when some foreign dictator or wannabe gets his nose out of joint, they send over this guy who smooth talks the dictator and gives him a bank account with a nice sum of money in it to soothe his ego. Apparently, he is well paid for handling these little errands.
The last one is a guy who is a CPA and Controller at a Big 5 accounting firm. His wife is corp. HR for another big firm, together they clear about $550K/yr. The crazy part is her father's name was Harry Dong and he started a mutual fund investment firm. When he died, it went to his wife and her assets were worth about $300M at the time, probably closer to $400M by now.
He was on the Letterman Show, due to his goofy name. He's #7 in this video countdown.
David Letterman Funniest Top 10 Ever - California Names - YouTube