Quiet wealth in Metro Detroit? 9-figure families still left?

We don't really hear about people outside of the billionaires:

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Hank & Doug Meijer of Grand Rapids, $8.3 billion [[Meijer)
Richard DeVos of Holland, $6.8 billion [[Amway)
Dan Gilbert of Franklin, $3.9 billion [[Quicken Loans)
Michael and Marian Ilitch of Bingham Farms, $3.2 billion [[Little Caesars)
Ronda Stryker of Kalamazoo, $3 billion [[Stryker)
Alfred Taubman of Bloomfield Hills, $2.7 billion [[real estate)
John Brown of Kalamazoo, $1.5 billion [[Stryker)
Matty Moroun of Grosse Pointe, $1.5 billion [[trucking/bridge)
William Ford Sr. of Grosse Pointe $1.4 billion [[Ford)
John Stryker of Kalamazoo, $1.4 billion [[Stryker)
Roger Penske of Bloomfield Hills, $1.3 billion [[auto)
Manoj Bhargava of Farmington Hills, $1.1 billion [[Five-Hour Energy)
Peter Karmanos of Orchard Lake, $1 billion [[Compuware)

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Are there many 9-figure net worth people/families that *still* call Metro Detroit home?

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Originally Posted by mark.vandorn

Are there many 9-figure net worth people/families that *still* call Metro Detroit home?

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Yes, there are. Metro Detroit is in the Top 10 of U.S. metros by number of high-net worth individuals.

There's lots of money in the area. It may be less obvious than in some other metros, but the auto industry still throws off serious wealth.

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Daniel & Janet Aronoff of Bloomfield Hills, $X00 million [[RE developer)
Sam Bernstein & family of Bloomfield Hills, $X00 million [[lawyer)
Karen Davidson of Bloomfield Hills, $X00 million [[widow)
Art Van Eslander of Grosse Pointe, $X00 million [[Art Van)
Joel Ferguson of Lansing, $X00 million [[RE developer, MSU Trustee)
Alon Kaufman of West Bloomfield Twp, $X00 million [[HoMedics)
Ilija Letica of Bloomfield Hills, $X00 million [[Letica Corp)
Richard Manoogian of Grosse Pointe, $X00 million [[inherited/Masco)
Bill & Ray Nicholson of Rochester Hills, $X00 million [[RGIS)
William Pulte of Bloomfield Hills, $X00 million [[Pulte Homes)
John Rakolta of Bloomfield Hills, $X00 million [[RE developer)
Andra Rush of ???, $X00 million [[Rush trucking co)
Anthony Soave of Grosse Pointe, $X00 million [[construction/waste)

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Possibly 9-figures:

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Bob Ritchie [[Kid Rock) of Clarkston, $X00 million [[musician)
Bob Seger of West Bloomfield Twp, $X00 million [[musician)
Marshal Mathers [[Eminem) of Clinton Twp, $X00 [[musician)

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Originally Posted by Bham1982

Yes, there are. Metro Detroit is in the Top 10 of U.S. metros by number of high-net worth individuals.

There's lots of money in the area. It may be less obvious than in some other metros, but the auto industry still throws off serious wealth.

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Help the thread and rattle off a few. Some are probably more obvious than others, but depending on where you grew up and what you and your family is involved in, they might not be obvious to others.

Yup, when it comes to metropolitan regions with lots of capital, metro Detroit is richly endowed.

So our regional problems are not about money ...

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Originally Posted by Detroitnerd

Yup, when it comes to metropolitan regions with lots of capital, metro Detroit is richly endowed.

So our regional problems are not about money ...

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Wait, the wealth isn't trickling down?????

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Originally Posted by motz

Wait, the wealth isn't trickling down?????

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That's not wealth!!! :D

DetroitPlanner.... $275.98! Wait, DTE gets $45... make that $230.98.

Found this incredible 2005 Detroit Yes post, by users: Dream and Dsmith. Not sure how many on this list are actually high-net worth, have fallen off since recession, died, or have since moved out of Michigan:

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Bloomfield Hills:
Terry Adderley - Kelly Services

Eugene Applebaum
- Arbor Drugs

William F. Pickard
- Regal Plastics

Richard Dauch
- American Axle & Gear

Anthony F. Earley, Jr.
-CEO/DTE
Robert J. Eaton
Gary Cowger
-GM
John Devine
-GM

Irma Elder
- Car Dealer
- Elder Ford/Jaguar
David Handleman
-Handleman Company

John Rakolta [[Terry)
- Walbridge & Aldinger

David Fischer
- Car Dealer
- Suburban Collection
Marilyn Kelly
- MI Supreme Court justice

Geoffrey Nels Fieger
- Attorney

Henry Baskin
- Attorney

Eugene Hagopian

Thomas Celani
- Casinos

Richaed Golden
-DOC

J. T. Battenberg
- Delphi Automotive

Wayne Cherry
-famed auto designer

Kenneth Whipple
- COB - CMS Energy

Anton Letica
-Letica Corp.

Grosse Pointe:
William Clay Ford [[Martha Firestone) GPS
- Billionaire
- Detroit Lions

Richard Manoogian GPF
- Billionaire
- MASCO

Manuel J. “Matty” Moroun GPS
- unconfirmed net worth of over $600 million per Forbes
-owns the Ambassador Bridge, 5% of Detroit-Windsor Tunnel
-owns CenTra Inc. - fifth largest private trucking company in US
- owns portion of Citizens Bank, owns an insurance company and large parcels of land in southwest Detroit including Michigan Central Depot

Elena A. Ford [[Joseph D. Rippolone) GPF
- Elena is Director of Ford’s North American product marketing, planning & strategy
- great great granddaughter of Henry Ford
- daughter of Stavros Niarchos & Charlotte Ford

Archie Arthur Van Elslander GPS
-Art Van Furniture
-4th largest furniture retailer in the U.S.

John A. Boll, Sr. [[Marlene) GPS
- Chateau Communities, Inc. - Publicly traded on NYSE as CPJ, operates as a REIT
-owns 212+ manufactured home sites [[70,000+ homes)
and 1,400+ park model/RV sites
-operates in 36 states
- helped fund new downtown YMCA

Ralph C. Wilson, Jr. GPS
-Buffalo Bills
-insurance
-Ralph C. Wilson Enterprises - diversified management and investment
company with interests ranging from highway construction to venture capital to
ownership of 2 TV stations and construction co. in Denver

Paul D. Alandt [[Lynn McNaughton Ford) GPS
- Car Dealer
- Lynn is the daughter of the late Benson Ford

Edsel Bryant Ford, II [[Cynthia Layne Neskow) GPF
- Ford heir
- great grandson of Henry Ford
- CEO/President - Pentastar Aviation

Anthony L. Soave GPF
-former owner of City Management Corp,
-sold company in 1997 for $780 million

Robert G. Liggett, Jr GPS
-Elias Bros. Restaurants Inc. owner of “Big Boy” restaurants

John W. Stroh, III GPF
- Stroh Companies, Inc.

James B. Nicholson GPF
- PVS Chemicals Inc.

Maurice M. Taylor GPF
- Titan Wheel International, Inc.
-world's largest producer of wheels for off-road vehicles
-1996 Republican Presidential Candidate

Michael J. Malik GPS
-casinos

Anita Baker GPC
[[Walter Bridgforth, Jr.)
- Anita - famed singer, second most Grammys won by
a female artist after Aretha Franklin
- Walter Bridgforth, Jr. - WBBJ Investment Co./Developer

Keith E. Crain GPC
- Crain Communications

Gretchen Carhartt Valade GPF
-Carhartt Inc. heiress
- Mack Avenue Records
-recent $10m donation to Detroit Jazz Festival

Mark R. Valade GPF
- son of Gretchen Carhartt Valade
- CEO & President/Carhartt, Inc.

Ted Gatzaros GPP
Dimitrius “James” Papas GPS
-developers and former business partners
in 2000 sold interest in Greektown Casino
for $212 million
Nico Gatzaros GPC

Cullan F. Meathe GPF
- Metro Cars, Inc.

Atanas Ilitch GPF
- Olympia Development

Thomas Lee Schoenith GPC
- The Roostertail

Todd V. Callewaert GPF
- Owner/Island House Hotel on Mackinaw Island and Rybas Fudge Shops

Joseph P. Kaiser GPF
- Gallagher-Kaiser Corp.
Robert S. Kaiser GPP
- President/Gallagher- Kaiser Corp

Edward K. Christian GPF
-Saga Communications Inc.
-radio broadcast co. which owns
13 FM & 8 AM radio stations

Peter A. Schweitzer GPF
-Chairman/ J. Walter Thompson Co.
-former CEO/President of J. Walter Thompson Co.

Richard S. Crawford GPF
-The Crawford Group, LLC
Alfred R. Glancy, III GPF

Matthew P. Cullen GPS
- GM

James E. Brock, Jr. GPF
- Middleton Moldings

Kirk H. Gibson GPF

Richard Golden GPP
-Golden Form Inc.

John M. Olson GPF
- JM Olson Co.

Anthony J. Selvaggio GPF

Chester “Chet” A. Huber GPF
-President - OnStar Corporation

Robert E. Marowske GPF
-Flame Furnace Co. [[founder & CEO)
-MI's largest heating & cooling contractor

Mathew J. Moroun GPF
- Vice Chairman/CenTra Inc.

William P. Vititoe GPC
- Director/Comerica

Jack Perlmutter GPF
- famed interior designer/Perlmutter-Friewald, Inc.
Daniel Clancy GPF - famed interior designer/Perlmuter-Friewald, Inc.
Dexter Joseph “DJ” Kennedy GPC
- famed interior designer
Dominic C. Pangborn GPS
-Pangborn Designs
-best known for ties

William C. Rands III GPC
-Rands Investment Co.
-Sagres Partners, LLP

James Randolph Agley GPP
- Talon Inc.

Gebran S. Anton GPC
-Anton, Zorn & Associattes
-commercial & industrial real estate brokerage
-helped redevelop downtown Mount Clemens

William F. Coyro, Jr. GPP
-National TechTeam Inc.

Robert E. McCabe GPW
- retired President of Detroit Renaissancee [[71-93)
- helped start the Detroit Grand Prix, Montreaux Detroit Jazz Festival, assisted in creation of Hart Plaza, completion of Renaissance Center
-Detroit News - 1982 Michiganian of the Year

Mariam C. Noland GPF
- President/Community Foundation for Southeastern MI

Thomas R. Andris GPP
-Arrow Uniform Co.
Roger Fridholm GPP
- Of Counsel Enterprises, Inc.

Paul J. Stanford GPP
-Car Dealer/Les Stanford Chevrolet
Kenneth G. Meade GPP
- Car Dealer
-The Meade Group Inc.
-Meade Lexus-Lamborghini, Pointe Dodge, Champion Chrysler, Cars & Cars Inc.
Gordon L. Stewart GPS
-Car Dealer
Joseph Ricci GPF
- Car Dealer
Arthur J. Roshak GPF
-Car Dealer

Maura D. Corrigan GPP
- Chief Justice of MI Supreme Court
Robert P. Young, Jr. GPP
- MI Supreme Court Justice
John P. Jacobs GPF
- Attorney
- appellate defense attorney
- referred to as “The Anti-Fieger”
- has defeated Geoff Fieger
in 12 out of 13 appeals

Edward Irving Book GPS
Herbert V. Book, Jr. GPC
John Lord Booth II [[Rebecca) GPS
Ralph Harmon Booth II
-Booth American Co.
Louise C. Booth GPF
Cynthia Book Bowen GPF
Kevin P. Broderick GPF
Wilber Marion Brucker, Jr. GPF
Thomas Christian Buhl [[Lindsay Zeder Ford) GPF
- Thomas: - son of Lawrence D. Buhl, Jr.
- Lindsey - great-great-granddaughter of Henry Ford
Thomas Campau, Jr. GPC
William R. Chapin GPC
Frank Couzens III GPF [[deceased)
C. Howard Crane, II GPF
-heir of famed architect
Timothy M. Crowley GPP
Mary Anne Dodge Donaher
- Dodge heir
Peter Anthony Dow GPF
Lawrence DuMouchelle GPF
Charles Thomas Fisher III GPF
-Fisher Body heir
-former CEO of NBD
Alfred J. Fisher, Jr. GPS [[deceased)
-Fisher Body heir
Alfred J. Fisher III GPF
-Fisher Body heir
-President/Fisher & Co.
Michael R. Fisher GPF
-Fisher Body heir
-Fisher & Co.
Walter Briggs Fisher GPF [[moved out of state?)
John Battice Ford, III GPF
Walter Buhl Ford, III GPS
Emory Moran Ford, Jr. [[Anne Virginia Fisher) GPF [[deceased)
Harvey C. Fruehauf, Jr. GPF [[moved out of state)
H. Richard Fruehauf, Jr. GPF
-HRF Resources, Inc.
-Fruehauf Trucking
H. Richard Fruehauf, III GPF
Christopher Gamble GPF
Stephanie Germack GPF
- Germack Pistachio Company
Hugo Scherer Higbie [[Marion Chapin) GPF [[deceased, heirs still living)
- Higbie Maxon Agney
George M. Holley, Jr. GPS
Arthur B. Hudson GPF
Gilbert Hudson GPC
Joseph Lowthian “JL” Hudson, Jr. GPF
Robert Jewett GPF [[moved out of state)
James Thayer McMillan III GPF
-Ferndale Laboratories
Jeffrey J. Palms GPC
Robert J. Petz, Jr. GPF
- Dodge heir
Richard Booth Platt GPF
-Proform Automotive
Edward Charles Roney, Jr. [[Eleanor M. Couzens) GPF
Frank J. Roney GPF
John Stephen Scherer GPF
- R. P. Scherer heir
-pharmaceuticals/inventor of gell cap
Joseph A. Simon GPF
Peter R. Stroh GPP
Pierre A. Stroh GPF [[moved out of state)
Whitney W. Stroh GPF
David J. Woodward GPC
Barbara Wrigley GPF
George A. Wrigley GPF

Bob Allen GPF
- Web General Manager/Crains Detroit Business
Scott Lewis GPP
- Reporter/Fox Ch. 2
Leon D. Mandel, IV
-Autoweek
Nancy Nall GPW
- Writer
Michael Novak GPS
- VP Brass Ring Productions
- Attorney
Devin G. Scillian GPP
-WDIV Ch. 4 News Anchor
Paul W. Smith GPP
- Radio personality/WJR -760 AM
John E. Smyntek GPF
- Writer
Pete Waldmeir GPW
- Writer

and in conclusion....
Dr. Bader J. Cassin GPF
Dr. Ljubisa J. Dragovic GPF
-Oakland County’s Chief Medical Examiner since 1991
Dr. Werner U. Spitz GPS
Dr. Daniel J. Spitz GPF

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The names below fall into the grouping I described above in post 78: 48302 [[Bloomfield Twp), 48304 [[Bloomfield Hills), 48009 [[Birmingham) and 48025 [[Franklin/Bingham Farms) plus I'm including a few in Orchard Lake and WB:

Jay Alix
-Questor

Larry J Hudas
-ADN Risk Services

Richard Rogel
-Founder of Preferred Provider Organization of Michigan

Scott Seligman
-President Sterling Savings Bank

Bob Seger
-Music

Benson Ford Jr.
-Ford Heir

MIKE KOJAIAN

Cynthia Booth Ballantyne
- Booth heir

BN N BAHADUR
-Chairman & CEO BBK, Ltd.

Tom Celani
-CEO, Action Distributing, gaming

WARREN CHAPPELL
-CHAPPELL STEEL CORPORATION

C.H. GALA
-GALA & ASSOCIATES, INC.

WALTER P CZARNECKI
-EVP PENSKE CORPORATION

MICHAEL A GRIMALDI
-GM

ATUL PASRICHA
-VP OF M. & A. AND NEW MARKETS - DELPHI

DAVID C WAJSGRAS
-CFO Lear Corp

JACKIE MARTIN
-CFO U.S. DEPARTMENT OF EDUCATION

Oscar Feldman
-Detroit Pistons Minority Owner

Rajendra B. Vattikuti
-Co-chairman, Complete Business Solutions

Joe Dumars
-Detroit Pistons GM

JOSEPH K KNOLLENBERG
-US Congressman

Anthony J. Hopp
-chairperson and CEO of Campbell-Ewald

E. F Mayne
-E.F. Mayne, Jr., Inc

ARNOLD Y ARONOFF
-Chairman, Landon Co

GARY C VALADE
-BOARD OF MANAGEMENT - DCX, Carhartt heir?

Mickey Shapiro
-Real Estate Investor, Lautrec

Phillip Fisher

Allan E Schwartz
-Honigman Miller Schwartz & Cohn [['Detroit's business consigliare')

LOGAN G ROBINSON
-VICE PRESIDENT - DELPHI

William Hubner residence
-owner of Fitness USA chain

Stanley Frankel
-commercial real estate development

HABIB P MAMOU
-ROYAL OAK WASTE PAPER

Robert Eaton
-Former GM CEO

DAVID W THURSFIELD
-EVP Ford Motor

THOMAS P DEKAR

Bill Bonds
-Newsman

Thomas Hammond
-Flagstar Chairman, moving to Oakland Twp.

David Handleman
-Handleman Co.

JOHN M DEVINE
-General Motors CFO

Vlasics
-Pickle Empire

Roger B Smith
-Of 'Roger and Me' Fame

ALAN M KIRILUK
-CHAIRMAN - KIRCO

"HOOT" J MCINERNEY
-owns a huge chain of car dealerships

Harry Pearce
-Vice-chairman of General Motors

Chuck Forbes
-DetroitYes Hero

RICHARD J DUGAS
-Pulte Homes CEO

Carl T. Camden
-President & COO Kelly Services

WILLIAM P OREILLY
-Former Chairman & CEO, Eltrax Systems

J. THOMAS CLARK
-The Clark Group

Arthur M. Hawkins
-Former chair at Exide Corporation, criminal

MARK R WEBER
-EXECUTIVE VICE PRESIDENT - DELPHI

Steven Lunn
-TRW COO

Donald Kegley
-Cunningham - Limp Company

ROMAN J KRYGIER, JR.
-Corp VP Ford Motor

RAJ B VATTIKUTI
-President, CEO Covansys

LLOYD E HANSEN
-VP Revenue Management Ford Motor

Miriam Mondry
-Highland Superstores

LAWRENCE A DENTON
-DURA AUTOMOTIVE SYSTEMS

WILLIAM J PULTE
-Pulte Homes Chairman

Steve Yzerman
-Detroit Rad Wings

Richard "Rip" Hamilton
-Detroit Pistons

Ken Whipple
-Chairman CMS Energy

Arthur “Bud” Liebler
-Former Chrysler Senior VP of Marketing

William A Fleury
-C.S.M. Manufacturing Corporat.

CHARLES M KOJAIAN
-Kojaian Companies VP-Developer

Thomas Dart
-cups

Donald E Peterson
-Former Chairman Ford Motor Co

EDWARD C LEVY
-Edward C. Levy Co. President

Irving Seligman
-Sterling Savings Bank founder / HUD scammer

Eugene A. Miller
-Chairman, Comerica Inc

August F Kammer
-Yondotega Club Member

Harold Blumenstein
-Paragon Properties

Courtney Lord
-SVP Taubman

YOUSSEF B GHAFARI
-GHAFARI ASSOCIATES L.L.C./CHAIRMAN

Ralph J Gerson
-President and CEO Guardian Industries

David G Booth
-Booth heir

JOHN J FERRON
-PRICEWATERHOUSECOOPERS

LISA A PAYNE
-Taubman Centers VP

James Grosfeld
-ex Pulte Corp CEO

Lewis B Campbell
-CEO Textron

J. Thomas Clark
-Vice Chairman - The Clark Group

Robert C Larson
-One of Detroit's gatekeepers

William O'Reilly
-Former Chairman & CEO, Eltrax Systems

Sheldon Rose
-Edward Rose & Sons

MARK B DICKOW
-Dickow & Associates Attorney

Gary Sawaka
-Grand Sawka Corp./President

Samir A Danou
-Danou Enterprises Inc

Bernice Gershenson
-philanthropist

Eugene Kraft
-Chair of the Serta-Restokraft Mattress Co.

TARIK S DAOUD
-Al Long Ford, Shamrock Lincoln Mercury

Richard Wagner
-GM Chairman, lives in the former L.B. Bornhauser residence

ANTHONY F EARLEY
-DTE Chairman

DANIEL ARONOFF
-CANNON DEVELOPMENT CORP.

Robert J. Skandalaris
-Chairman, Noble International Limited

JAMES PATRICK CONROY
-C.F.O. PENSKE CORPORATION

Emil Rose
-President & Director of the DSO

Michael T Flora
-Michael Flora & Associates

David Schostak
-Schostak Brothers & Company

William K. Gerber
-Exec. VP & CFO of Kelly Services

MARK T HOGAN
-VICE PRESIDENT GENERAL MOTORS

VICTOR SAROKI
-ARCHITECT

MICHAEL J BOUCHARD
SHERIFF-OAKLAND COUNTY

CHRISTOPHER P ILITCH

Paul C Robertson, Jr.
-Builder

NICHOLAS V SCHEELE
-FORD MOTOR

Ted R French
-Textron

Douglas G Delgrosso
-President/COO Lear corp.

ROBERT H KURNICK, JR.
-PRESIDENT PENSKE CORPORATION

ALAN GILMOUR
-Former Ford Vice Chair / Gay activist, owns the finest residence in Birmingham

Patrick J Harrington
-Muchmore, Harrington, & Smalley

BURTON D FARBMAN
-The Farbman Group

David A Trott
-Lawyer

Mike Ilitch [[Marian)
-Ilitch Holdings

David B. Hermelin [[DECD)
Norway Amb. / RE delevoper / Palace Ent.

Irving Rose
-Edward Rose & Sons [[BF's finest parcel of land?)

David Bing
-Owner, Bing Companies

Mitch D Albom
-Writer

Daniel Gilbert
-Quicken Loans Owner
-Clevland Cavaliers Owner

Florine Mark
-Chairman, The WW Group Inc.

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There are plenty of billionaires in Metro Detroit that don't make any of these lists either.

In order for Forbes to estimate your worth, there has to be a paper trail.

That usually means buying and selling stock.

If all your wealth comes from a privately-held company, then Forbes has nothing to work with.

Metro Detroiters tend to be low-key about their wealth. Unless they want the notoriety, most keep the depths of their wealth pretty quiet.

Anyone with a successful moderate-sized business should e worth eight figures and there are a lot of them in the metro.

I started my post before the extensive listings above. There are many billionaires within those lists that do not make Forbes list of billionaires.

Why? Because they don't want to...

If the DeVos and Meijer families are included it's because they have provided their worth to Forbes, or Forbes can extrapolate their worth from the retail sales.

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Originally Posted by middetres

I started my post before the extensive listings above. There are many billionaires within those lists that do not make Forbes list of billionaires.

Why? Because they don't want to...

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You sure about that? Billioniares are rare, and don't hide in plain sight.

The Forbes list, BTW lists all known billionaires, not only those with verifiable assets. For example, Chapo Guzman, the infamous Mexican drug kingpin [[who has been in hiding for years) is on the Forbes list.

You know what they say about the Boston Brahmin...they only appear thrice in public, when they are born, they get married, and when they die. Maybe this is true for Detroit's brahmin?

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Originally Posted by middetres

There are plenty of billionaires in Metro Detroit that don't make any of these lists either.

In order for Forbes to estimate your worth, there has to be a paper trail.

That usually means buying and selling stock.

If all your wealth comes from a privately-held company, then Forbes has nothing to work with.

Metro Detroiters tend to be low-key about their wealth. Unless they want the notoriety, most keep the depths of their wealth pretty quiet.

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No kidding, wealth makes you a target for thieves and gold-diggers. Why on earth would anyone want to deal with those hassles unless you have to. Look at those poor schmucks on TMZ, I would not want their lives.

Quote:

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Originally Posted by mark.vandorn

Found this incredible 2005 Detroit Yes post, by users: Dream and Dsmith. Not sure how many on this list are actually high-net worth, have fallen off since recession, died, or have since moved out of Michigan:

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To update the list.

Frank Couzens III-deceased
C. Howard Crane II-money from wife's family.
Alfred J. Fisher Jr.-deceased
Walter Briggs Fisher-Moving/moved out of state.
Emory Moran Ford-deceased
H. Richard Fruehauf III-lives out of state.
Hugo Scherer Higbie-deceased/two of his children live in Grosse Pointe.
Robert Jewett-Lives out of state.
Pierre A. Stroh-lives out of state.

Quote:

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Originally Posted by motz

Wait, the wealth isn't trickling down?????

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You're right motz. Trickle down wealth ceased after Reagan; we're now living under Obama's trickle up poverty.

Quote:

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Originally Posted by coracle

You're right motz. Trickle down wealth ceased after Reagan; we're now living under Obama's trickle up poverty.

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I guess the days of the economy flourishing under Dub-Ya are long gone......

Mark- you seem to be dying to know, but I'm not about to tell. These families cherish their privacy.

That explains why you have no clue how much they're worth.

But there are three families that I know personally on those lists that are worth north of $2 billion each.

Quote:

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Originally Posted by middetres

Mark- you seem to be dying to know, but I'm not about to tell. These families cherish their privacy.

That explains why you have no clue how much they're worth.

But there are three families that I know personally on those lists that are worth north of $2 billion each.

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Notwithstanding these claims, billionaire families don't hide in plain sight. You realize people pay taxes on capital gains, right?

Quote:

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Originally Posted by mark.vandorn

If they're on that list they're not private. If I spent my life here I'd be more familiar with the names. Further, finding out more accurate net worths is just a few mouse clicks away. But go ahead and cherish what you think is some super secret information.

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Time to get lost Troll!

Quote:

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Originally Posted by Honky Tonk

I guess the days of the economy flourishing under Dub-Ya are long gone......

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I remember when I lost my job because the economy was doing so well :[[ I miss those days so much.

Quote:

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Originally Posted by DetroitPlanner

DetroitPlanner.... $275.98! Wait, DTE gets $45... make that $230.98.

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After ummm health care $30.98 ,invest it wisely :)

Quote:

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Originally Posted by Bham1982

Notwithstanding these claims, billionaire families don't hide in plain sight. You realize people pay taxes on capital gains, right?

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I never knew tax information was public on capital gains. Can you show me the billionaire list.

I wish I could run into to one of 'em. With all the talk about the resurgence of Detroit I need help with my new Trike project.

Is no one else bugged by a Metro Detroit list that contains people from Grand Rapids, Holland and Kalamazoo?

Quote:

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Originally Posted by Cliffy

I never knew tax information was public on capital gains. Can you show me the billionaire list.

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What is the point of this statement?

I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.

I'm bugged that Downriver gets the short end of the stick again. No one from Grosse Ile?

Quote:

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Originally Posted by Bham1982

What is the point of this statement?

I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.

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No, most billionaires are known to the IRS and to their brokerage houses. They live quietly and do not flaunt their wealth. All rich people are not like Donald Trump. They will drive a Caddy, Mercedes, or Bimmer and not a Ferrari or Rolls-Royce. Their house will be secluded and set back from the road.

Quote:

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Originally Posted by mark.vandorn

Possibly 9-figures:

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None of those people even comes close to a billion. Eminem is worth about $150 million. Kid Rock and Seger clock in at about $40 million.

Entertainers almost never reach nine figures. Even mega-stars like Jay-Z and Madonna are only worth about half a billion. Michael Jackson was worth about a billion dollars, but other than him, you'd be hard-pressed to name another entertainer who even comes close to that.

You should spend less time wondering who the people are with X figures after their names and spend your time/energy focusing on becoming that person. Misplaced priorities.

Quote:

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Originally Posted by Bham1982

What is the point of this statement?

I never said there was a public website indicating taxes paid by household; I said that billionaires don't hide in plain sight, because their assets are subject to taxation. There are likely no "hidden billionaires". You can't even park your assets in tax shelters anymore. Places like Switzerland and the Caymans have disclosure agreements with the U.S., so unless you're burying cash in the back yard, good luck on anonymity.

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Because you're still implying that the public knows all the billionaires out there. The IRS is not the public nor is your private banker. Their are people out there that have more money than Bill Gates and we have no clue who they are.

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Originally Posted by Cliffy

Because you're still implying that the public knows all the billionaires out there. The IRS is not the public nor is your private banker. Their are people out there that have more money than Bill Gates and we have no clue who they are.

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I don't think there are unknown people richer than Bill Gates, but I do think that people with 8 and 9 figure wealth are there who pass quietly under the radar. They just don't want to call attention to themselves by "living large".

bbvh

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Originally Posted by NoHeartAnthony

I'm bugged that Downriver gets the short end of the stick again. No one from Grosse Ile?

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Downriver is Blue Collar. The real wealth is in the hand of the White Collar guys.

Downriver did have the late Heinz Prechter, who's widow Waltraud inherited his fortune.

Another name missing [[I didn't see it) was Maggie Allesee, the wife of "Bob Allison"... she inherited a sizeable fortune from her first husband, and has been one of the biggest donors to WSU and to Detroit's cultural institutions.

Also, when it comes to money in metro Detroit... don't forget the sizeable Kresge, Skillman and Hudson-Webber foundations.

What about Detroit proper? Do you think there are ANY people left there that are at say... 8 figures?

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Originally Posted by Cliffy

Because you're still implying that the public knows all the billionaires out there. The IRS is not the public nor is your private banker. Their are people out there that have more money than Bill Gates and we have no clue who they are.

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You're free to your opinions, as odd as they may be. If you really think people bury billions of dollars in their back yard, then go with that. In the real world, people with that kind of money have it parked somewhere, and regulatory agencies can track capital flows. Even drug kingpins and global rogues have estimated net worths with some degree of certainty.