I had no idea that my friend is a multi millionaire!!

Someone I know is a multi millionaire. He franchised his business and its now worth about 60 million. I think good for him and often listen to his business advice because he is an interesting and intelligent person who has achieved a lot.

I dont go around crying and moping that it's not me because whats the point of that? if you want to feel miserable though - carry on!

Good for you and her always be grateful for what you have.
wont mention this to her though just leave it and pretend you don’t know

Imagine a multi-generational family farm. Just because you could sell it for £20 million, doesn't mean that it's possible or practical. What would your wider family think? Do they work for you too? Where would you live? What job would you get?

(Obviously it's not a farm - not farm worth £20 million has a £100 million turnover, it'll be far, far less.)

We have a big house could afford much nicer cars and clothes but we don't because
a) we just aren't fussed by clothes and cars
b) we care about the environment so try to minimise consumption

Now the children are teens we obviously ensure they have a budget for fashionable clothes etc but when they were little and happy in hand me downs they generally wore their cousins hand me downs. Better for the planet and meant they could climb trees etc without needing to be precious about their clothes

Agree! Friends of my parents years ago were millionaires, used to send DC gifts that were obviously recycled or bought in a sale years before! I tried to return wrong size t shirt to Ma& S one Christmas. It was stock from 3 years previously 😳

The book value doesn't mean they could sell for that or anything like that often the person in charge is a lot of the value and if they want out it plummets. Yes they probably have a really good income from this but don't be misled by the headline numbers. Depending how the company is run profit could be 30% or much less of turnover and they may need to plough back in a lot to keep the business going. Good for them though!

Funny you should say that, the wealthiest family of our school kids friends group (big house, v posh whilst most are very working class council house) give out the crappiest clearly recycled gifts for parties. Others go out and make an effort. Do I care? When my daughter gets a bashed box of beads for her birthday from them? No. But it does make me think as I’m an inquisitive person. Their kids wear hand me down clothes. They drive fairly average cars. They’re both medical surgeons. In the NHS. have come to conclusion that they literally don’t have head space for what their kids wear or take to parties they’re too busy in their heads working out how to keep on top of their stressful jobs and how to remove the next bowel cancer or keep a baby alive (their specialisms).

I’m one of those posters. My shock isn’t that you are surprised- it’s that you were sufficiently nosy to go digging for information on something that has literally nothing to do with you

You don't know the difference between turnover and profit and yet you claim to run a business?

This

But the furniture might look like IKEA.

Why are you so angry because they have done well? It seems like you hate her. She sounds nice to not be super flashy look at my money.

Probably not.

Apart from it being none of your business I’m guessing your reaction is why she didn’t tell you. I suggest you find a place for your jealousy because it will impact your friendship if you are not careful.

The net worth is the “book value”of the business - simply put the value of the assets minus the liabilities at a point in time. This can be very different from the “market value” of the business but yes, your friends could possibly liberate multi millions if they sold

Did you have an issue with them before you knew they had money? Maybe the gifts aren’t great as they don’t consider you to be close friends and they’re just tokens.

Personally think it’s worse when people go around flaunting their money. I have a friend who’s always saying I’ll get this or I’ll pay for that but in a way that sounds like you obviously can’t afford it me and my pots of money will pay (we can of course pay our share or we wouldn’t be there!)

I know so many people who are much, much wealthier than me. It comes with its own issues — as does having a house gifted by parents etc. If what you are envious of is their ability to provide security for children, start planning it for your family. If it's more, 'their bowl has more soup than mine', get over it. Hoarding wealth, like any other type of hoarding, is a mental instability.

Being stingy is such a huge turn off, I don’t envy stingy people. What is the bloody point of being rich if you hold onto it for dear life. Depressing and uncouth.

I would be asking what husbands business is and working out how to do that myself.

We could just be happy and laugh a lot.

So what?

You think they shouldn’t have it because you don’t.

I like that your friend doesn’t come off as having money, why should they buy you drinks? Wild.

Agree. It always reads as wildly insecure.

The business net worth.

depending on kind of business a lot of it could be tied up in assets such as buildings/machinery etc.

seems like you have seen a headline & rushed to conclusions. Turnover, profit and net worth are different things. He could pay himself like 100k a year & so not really taking money from the business & why they don’t appear as ‘wealthy’ as you have judged.

I say this a lot on here but comparison is the thief of all joy. You are paying your mortgage off this year, have savings etc. there will be plenty out there reading your post thinking, ‘I’ll never attain that’