In Silicon Valley, Millionaires Who Don’t Feel Rich – New York Times
“You’re nobody here at $10 million,” Mr. Kremen said earnestly over a glass of pinot noir at an upscale wine bar here.
Not every Silicon Valley millionaire, of course, shares that perspective.
Celeste Baranski, a 49-year-old engineer with a net worth of around $5 million who lives with her husband in Menlo Park, no longer frets about tucking enough money away for college for their two children. Long ago she stopped bothering to balance her checkbook. When too many 18-hour days running an engineering department of 1,200 left her feeling burned out and empty, she left and gave herself 12 months off.
Yet like other working-class millionaires of Silicon Valley, she harbors anxieties about her financial future. Ms. Baranski — who was briefly worth as much as $200 million in 2000 but cashed out only $1 million before the collapse of the tech bubble — returned to work in March.
“People around here, if they have 2 or 3 million dollars, they don’t feel secure,” said David W. Hettig, an estate planner based in Menlo Park who has advised Silicon Valley’s wealthy for two decades.
“I don’t know how people live here on just a normal salary,” said Ms. Baranski.
Ok, time for a poll. To all readers (yes YOU): How many millions do you have (excluding house value)?
Are you a nobody? Do you feel secure?
Post your reply in the comments!