That ain't Dave going off on Alex. That was a very kind, polite description of reality. She wasn't constricted. She pitched a show with her mom that failed, then pivoted to a wanna be Call Me Daddy show that was her idea that equally flopped. Her podcast has under 3k followers on youtube.
Seems like she's starting to part ways with Jordyn and has started her own podcast about herself...which I can't believe more than her and her parents would actually give a single fuck to listen to. Getting knocked up just weeks after losing your billionaire meal ticket, is an all-time bag fumble.
I love people saying this like they have any idea. Her family has generational wealth and her husband was a total dork. Who cares, she will be fine
Her family has generational wealth? I'd agree they aren't poor if they paid for this wedding: https://californiaweddingday.com/pretty-pink-wedding-beverly-hills-hotel I think they sold their family trucking company for $40 million recently. They are not poor. But that's not generational wealth.
Ok, so you’re proving my point. Her family is extremely wealthy and it appears her new boyfriend is too. She will be fine
If selling a privately owned family business for $40mm does not result in generational wealth, something is seriously wrong.
If you’re Tammy Chiggers’s, and have parents & grandparents that belong to the types of clubs that still prohibit certain races and ethnicities from joining, $40m is by no means generational.
“Hoes are nothing but gold diggers. All they care about is money!” Divorces super rich husband. “What an idiot! She had it made.”
That would spin off about 2 million a year after tax. How many families are we supporting and what is their annual need? How many generations is this going to last? Is there a limit
how can anyone possibly be expected to support one family (much less two!) on $2m a year post taxes for any period of time?!?
Her parents sold their company for $40 million and her new boyfriend is the CEO of a successful food brand but she divorced a total fucking dork loser billionaire that Tammy thinks he relates to and he’s now celebrating
Cracking up at $40m not = generational wealth. like yeah you could blow it all pretty easily if you’re a fucking moron or you could ball out on like $800,000/year doing whatever the f you want and have $1m+ a year to tack onto the 40.
Hypothetical Scenario They have 40mm. They Spend 1mm a year. They live another 20 years (looked 65-ish). They'll leave their family ~147 million dollars. Poor as fuck
40 million is more than enough to live very comfortably and make sure your kids and grandkids don't have to work. This is Latrel Spreewell levels of saying he couldn't provide for his family with a 21 million dollar contract
Are there different meanings to people? "Generational wealth refers to assets passed from one generation of a family to the next. In some cases, assets are transferred after death in the form of an inheritance. In others, they are passed to the next generation while the giver is still alive." Do you think her parents leaving $150 million dollars to their children somehow doesn't qualify?
Where are you getting 150 from? I thought it was 40? Even if you say 40 and after taxes, etc its 20 mil. That's still way more than you need to have multiple generations live comfortably
Here I was thinking I would acquire some solid generational wealth from my parents and It doesn't count b/c it's not half a billion
Time value of money? If they built a company, they probably have acquired assets over their 65 years on earth, so their starting point is probably higher than $0. But, basic math, if they have 40mm right now, live off 1mm in withdraws a year, earn 8%, that money will grow to 150mm in 20 years when they hypothetically died at 85. We can adjust the parameters as anyone pleases.
live off $1m a year?!? in this economy???? maybe if they’re on government assistance they can make that work. highly doubt it tho
With $40M the only thing you’re passing down is Dave and Busters power cards on your children and grandchildren’s birthdays.
Looks like he applied the classic powerball tax/lump sum everyone loves to reference after a big jackpot win instead of estate tax.
You pay the lawyers so you don’t get taxed as a lump sum. Regardless, the suggestion that selling a family business for $40mm does not equal generational wealth is preposterous.