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All of it came from my family’s real estate management company, of which i own 30%.
My brother owns another 30% and my father, 40%. I’m worth more than most people i know, especially my age, but I know quite a few wealthy people where I live. Two close friends of mine come from billionaire families (one’s father sold his real estate company for R$ 800 mm about 10 years ago, the other’s family owns a relatively important investment bank in Brasil).
Most of my net worth is in high-end real estate in Rio de Janeiro, a chunck of it in bonds that generate me more than 15% per year in returns, thanks to the huge interest rates down here.
My father’s net worth is much bigger though, as he earns money for a long time now (he estimates it at a little over R$ 100 mm, or about 31 mm USD, as of today.
We don’t live a lavish lifestyle for american standards - no fancy cars, no boat, but we do live in a house one could call a mansion. We also travell quite a lot and mostly first/business class, sometimes for extended periods of time. I spent 2 months in Southeast Asia at the beginning of the year, went first class in Etihad Airways, was quite a nice experience.
I’m starting a watch collection though:
The apple watch is the only one I regret buying :)
The best thing about having a high networth at such an age is the freedom it gives me. Some of my friends have to work for bosses and worry about their future and it’s great not to be in that “race”. I work quite a lot, but with my father, and we treat each other like business partners, and i often call some important shots."
