If you were to watch Aris Yeager’s TikTok videos, you’d think he was your typical, spoiled rich kid — until you realize it’s all an act.
Yeager adopted a rich kid persona, Louis, known as “The European Kid” and has posted numerous videos of himself acting entitled while upholding a swanky lifestyle that includes gourmet dinners, driving fancy cars and partying on yachts.
And it’s served him well. As of November 2024, Yeager has more than 1.7 million followers. And according to Business Insider, Yeager is leveraging his now six-figure income not to live out his online persona, but to build his business, an app called Storytime that connects influencers with small businesses for promotional content.
But while you might think that wealthy Americans spend their days driving Ferraris and arguing to get their way, many live far more subdued lifestyles than that. In fact, there are plenty of people with exceptional net worths – but you wouldn’t ever know it by looking at them.
Here’s why many of America’s wealthiest people keep a low profile.
According to Ramsey Solutions’ coverage of a 2024 Global Wealth Report from UBS, there are nearly 24.5 million millionaires in the U.S. But it’s not always so easy to differentiate the rich from the average.
Many well-off Americans opt to hide their wealth rather than flash it. You might assume that your neighbor around the corner who drives an economy sedan and lives in a three-bedroom, 1,700-square-foot home isn’t all that well off. In reality, that same person might have millions of dollars to their name.
Now you may be wondering “What’s the point of being wealthy if you don’t spend your money?” But you should know that stealth wealth has its benefits.
For one thing, it can buy you financial liberties. If you have enough assets, you don’t have to worry about keeping a toxic job just to make ends meet, and rather, can focus more on job satisfaction and fulfillment. Those who are wealthy are most often financially literate, meaning they focus on generating long-term wealth that will last, rather than spending all of their income streams now, living paycheck to paycheck.
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