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A Guide to The Richest New Yorkers

By Chelsea
updated 3 months ago

I didn't grow up rich. As a matter of fact, I don't even understand having a ridiculous sort of wealth, I can't even comprehend it. I barely understand being able to barely support myself from paycheck to paycheck. So when I'm walking briskly down Madison Ave and I see nameless faces, carrying expensive designer bags or hopping in and out of black SUV'S and calling their driver by name, while prancing off to a meeting at a large, intimidating building, I think; who the eff are these people??? The most wealthy are the most unrecognizable and you could be amongst them everyday...if only I would've known, maybe I would've given that old guy on the corner of Park Ave my number. Hm.

Financial District (Wall Street)

New York, NY

This is where the big dogs roll. Though, I don’t think they call themselves “big dogs” and I don’t think they would say they “roll” anywhere. That’s just my personal interpretation.
Wall Street is home to the New York Stock Exchange. Which is sort of like speaking Arabic to me, since NASDAQ, AMEX, and all of those words mean absolutely nothing to me. They just happen to mean a few billion dollars to some.

The Steinhardt Foundation For Jewish Life

6 E 39th St Fl 10, New York, NY 10016

Michael Steinhardt, the founder of this foundation is one of the first prominent hedge fund managers and founded Steinhardt, Fine, Berkowitz and Co. Not only is he a billionaire and a philanthropist, but he also managed to get his name plastered onto one of NYU’S schools: Steinhardt School of Culture Education and Human Development.

He’s kind of a big deal.

The perks:

There’s always the obvious: dinner reservations at the best restaurants, a summer home in the Hamptons or Greenwich, CT, the driver and nice lofts.
Then, there’s the not so obvious splurges that you get to take part in when you’re SUPER SUPER WEALTHY…. for instance:

If you were a billionaires wife, you wouldn’t need to buy your makeup brushes from Duane Reade anymore, instead you could afford $375 dollar brushes made from Japanese goat hair. My question is, does the blush look better?

Or, you could go really crazy and buy $60,000 Leron bed linens….what kind of sleep do you get for that price?? I’d really like to know.

More people doing JUST FINE:

Donald Trump….oh “THE DONALD.”
Ralph Lauren
Michael Bloomberg
Preston Tisch (goes along with my theory of being named after things-Tisch school NYU. He also co-owns the New York Giants…..)
David Rockefeller- any American knows this name.
Leonard Stern (Stern School of business NYU)
Ronald Lauder….you know like ESTEE.
Ronald Perelman
Keith Murdoch
Samuel Newhouse Jr.
Gerard Louis-Dreyfus….like Julia, or “Elaine from Seinfeld”
Austin Hearst- having an inheritance must be awesome.

and the list could go on and on….

BILLIONAIRES:

Sounds nice huh?

Acquiring that kind of wealth from business requires the obvious: intelligence, a good degree, quick thinking, tenacity, and sprinkle of a little bit of luck and a little bit of grunt work to begin with.
So, what about the things that aren’t “standard” to the formula that = BILLIONAIRE? Are those the key factors that we’re missing? Is this the reason that we are still worried about credit card debt from that super fancy patio furniture we bought last summer?

Let me give you some examples:

CARL ICAHN: As of 2008 his net worth is 14 billion. Not too shabby. He also dropped out of NYU school of medicine, speaks fluent Japanese and has spent missionary trips for the Church of Latter Day Saint in Japan. He’s not an Obama supporter. .......

DAVID KOCH: The New York State Theater at the Lincoln Center was named after David when he pledged 100 million dollars for renovation…HOLY LORD. He must really enjoy the ballet. He’s also a major supporter of PBS…..hm, isn’t that the channel that always has ABT ballet on???

IT'S ALL ABOUT THE HEDGE FUNDS

A what? DEFINITION:

“An aggressively managed portfolio of investments that uses advanced investment strategies
such as leverage, long, short and derivative positions in both domestic
and international markets with the goal of generating high returns
(either in an absolute sense or over a specified market benchmark)”

Ah, yes so they will help you get rich faster, they’ll make the whole process easier? Sounds like something I’d hire someone to do for me.

Hedge funds are where all the rich people are emerging from, they’re sprouting up all over. It’s insanity.

Moore Capital Management Inc

1251 Avenue Of The Americ Suite 1701, New York, NY 10020

Headed by Louis Moore Bacon….another successful hedge funder. I’d like to just point out how awesome it is that BACON is his last name. That’s like my last name being Cake. My favorite food. Bacon comes in a close second.

Duquesne Capital Management

40 W 57th Street 25, New York, NY 10019

Stanley Druckenmiller, formerly a hedge fund manager with George Soros of Quantum Fund/Soros Fund Management is one of the most successful of the fund managers. But the best part about being “that rich” is being able to give it away. Which Druckenmiller does a very good job at. Stanley is a major supporter of several charities and organizations in NYC…..so remember: WHEN YOU’RE RICH, DON’T HORDE IT. Practice the law of CIRCULATION :)

Rockefeller Center

45 Rockefeller Plaza, Manhattan, NY 10020

The Rockefeller Center was originally designed and built in 1930, and today is the largest privately held commercial ...

The Rockefeller Center was originally designed and built in 1930, and today is the largest privately held commercial building complex in the entire world. The 22-acre plaza contains 19 buildings, which include the British Empire Building, the Time-Life Building, and the Lehman Brothers Building. It also contains the famous Radio City Music Hall and the Top of the Rock observation deck, and holds numerous shops and restaurants. The plaza is located south of Central Park, near St. Patrick's Cathedral and the Museum of Modern Art.