View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
May 5, 2009

WSJ: Wealthy women don’t feel extravagant

By Spear's

Last year, I was speaking at a gathering of wealthy male investors. The organizers posted the results of a survey showing that only a small percentage of wealthy men believed their wives spent too much.

From the Wealth Report:

Last year, I was speaking at a gathering of wealthy male investors. The organizers posted the results of a survey showing that only a small percentage of wealthy men believed their wives spent too much.

“What?” shouted one participant. “Those guys have to be lying.”

A recent survey by Wilmington Trust, Campden Research and Relative Solutions proves the point. The companies polled 40 women (I know, that is more like a show of hands than “survey”), each with a net worth of $25 million or more.

About half the respondents inherited their money, a quarter got it from their husbands and the other quarter earned it themselves. That is roughly in line with other surveys of wealthy women and the source of their money. One interesting note: among the self-made women, 90% got their money from owning a business, rather than earning a salary.

As for spending, almost all the women (90%) described their spending habits as “below their means.” The report on the survey said that is “possibly because they do not view their extreme wealth as defining their success.

To read the full story, visit blogs.wsj.com

Content from our partners
How preventative screenings can help HNWs to manage their health
Family office report: Repositioning investment portfolios to preserve wealth
High five: How to holiday without leaving home

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network