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How The Other .00001 Percent Lives

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

Barack Obama celebrated his sixtieth birthday on August 4, and invited a few friends to his humble abode – read 475 guests to the $11+ million palatial home with 29.3 waterfront acres he shares with his wife. The party proper was to be held at the weekend, but this has now been cancelled due to concerns over COVID. (Perhaps he should have invited Black Lives Matter as well, it wouldn’t have mattered then).

For members of an “oppressed minority”, Barack and Michelle have done well for themselves, but there are those for whom an $11 million dollar home and a few paltry acres are far too modest. If you want to see how not just the rich or the super-rich but the ultra-rich live, check out the YouTube channel run by Enes Yilmazer. He has 1.15 million subscribers, but only the tiniest fraction of them could do anything more than admire the properties he exhibits.

Here is a Los Angeles mansion that has 7 bedrooms, 12 bathrooms, a bar, temperature controlled wine room, a private cinema, a basketball court…yours for a modest $45 million. There are believed currently to be over forty thousand homeless people in Los Angeles, but they’ll have to wait their turn, a lot more people are waiting at the southern border, and the Biden Administration clearly believes they are more important than American citizens.

Of course, if you want something a bit less urban, here is a ranch in Santa Barbara; this isn’t one home but three. They are surrounded by 3,600 acres, so privacy is guaranteed, but who will buy such a property? Maybe Hunter Biden after he has sold a couple of dozen of his wonderful works of art to anonymous (Chinese) buyers?

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Verymuchalive
Verymuchalive
August 6, 2021

Here is a Los Angeles mansion that has 7 bedrooms, 12 bathrooms, a bar, temperature controlled wine room, a private cinema, a basketball court…yours for a modest $45 million. You don’t get much for your money, do you. A mere 7 bedroom house for $45m. Seems like you are paying very largely for the location. In the old days, the mega rich had piles with hundreds of rooms. Think Longleat, Blenheim Palace, Drumlanrig Castle ( my favourite ) etc etc. They were fine buildings and works of art. They also had noblesse oblige, totally unknown amongst the mega rich now. The mega… Read more »

Helga I. Fellay
Helga I. Fellay
Reply to  Verymuchalive
August 8, 2021

Not so sure about that “noblesse oblige” thing. In the past it may have been more an empty gesture by most, and at present, there are some that are trying to “give back to the community” albeit they usually get a hospital wing, or a library or a street named after them as a reward, so it’s not clear what their motivation for “giving” actually was. Although not wealthy myself, I happen to live in a very wealthy area, and there is such an overabundance of wealthy ladies who volunteer their time in charity shops, hospitals, hospice, etc., so that… Read more »

Hawaii guy
Hawaii guy
August 7, 2021

None of them are bullet proof, yes they’re above the law but really, how easy would it be to take out the. 0001%? less than 24 coordinated hours is my estimation.

Last edited 9 months ago by Hawaii guy

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