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

**middetres** · November-06-13, 03:17 PM

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.

**Bham1982** · November-06-13, 03:19 PM

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.

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

**Cliffy** · November-06-13, 06:56 PM

Originally Posted by Bham1982

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

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

**Bham1982** · November-07-13, 08:05 AM

Originally Posted by Cliffy

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

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.

**Hermod** · November-07-13, 10:11 AM

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.

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.

**Cliffy** · November-07-13, 04:54 PM

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.

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.

**Hermod** · November-07-13, 08:16 PM

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.

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

**Bham1982** · November-08-13, 05:25 PM

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.

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.

**p69rrh51** · November-06-13, 04:30 PM

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.

Time to get lost Troll!