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Why Are Rich People So Mean? – boilxexposed

Why Are Rich People So Mean?

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In 2007, Gary Rivlin wrote a New York Occasions characteristic profile of extremely profitable individuals in Silicon Valley. One in every of them, Hal Steger, lived together with his spouse in a million-dollar home overlooking the Pacific Ocean. Their internet value was about $3.5 million. Assuming an affordable return of 5 p.c, Steger and his spouse have been positioned to money out, make investments their capital, and glide by the remainder of their lives on a passive revenue of round $175,000 per 12 months after superb 12 months. As an alternative, Rivlin wrote, “Most mornings, [Steger] may be discovered at his desk by 7. He sometimes works 12 hours a day and logs an additional 10 hours over the weekend.” Steger, 51 on the time, was conscious of the irony (type of): “I do know individuals wanting in from the skin will ask why somebody like me retains working so onerous,” he informed Rivlin. “However just a few million doesn’t go so far as it used to.”

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