How To Spot Fake Rich People In Singapore

Trying to spot whether a person is fake rich or not is much like asking whether a bag came from a real designer or not. You can never fully answer the question unless you take a close look at it. It is challenging to judge whether someone is an average Singaporean or a wealthy one because there are many fake rich people that can look as realistic as the authentic ones.

On that note, here are four tips to help you spot a fake rich person.

THEY NEED VALIDATION

People who attach their worth to their lavish lifestyle often need validation. They want others to share their insights on their jobs, their material possessions, or their home. They care more about how they will be perceived than the quality of the products that they will acquire.

For instance, fake rich people focus on the designer brands and not its quality. They may even own a couple of designer pieces and try to sneak in an imitation or two. It does not matter if they poke a hole in their wallets! The bigger the logo, the happier they become.

Many affluent people could not care less about the brands! They focus on comfort and quality. Unless they are aiming to make a statement, they stick to more subtle pieces.

THEY MAKE EXCUSES

Recently, notorious fake heiress Anna Sorokin was convicted of swindling about US$200,000 from New York’s elite. She often made excuses such as leaving her credit cards behind or paying next time. You have to be cautious when hanging out with someone who frequently forgets his or her wallet, which is parked in a car far from the restaurant. Fake rich people make up excuses to avoid the burden of paying.

Do not get me started with whether that car exists only in social media or in real life!

THEY WANT TO COMPETE

Observing how a person will behave when faced with someone who is experiencing success can help you filter out an insecure person. Fake rich people typically grab the chance to share their material possessions and achievements whenever they mixed in a group of people. They have a tendency to compete in order to savor the spotlight. Talk is cheap!

On the flip-side, successful people ask more questions to get insights on other people’s passions, journeys, and struggles.

THEY PURCHASE LIABILITIES

Material goods that depreciate its value over time are called liabilities. People who want to flaunt their wealth usually buy liabilities on credit or on installments. Whether they purchase a flashy entertainment set or the latest Prada bag, the fake rich would want to immediately show off their purchases to others.

Image Credits: unsplash

As we all know, it is recommended to use credit to acquire assets rather that liability. That is called a good debt!

Sources: 1 & 2

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7 Famous People Who Still Earn Millions Beyond The Grave

They may no longer be breathing in this world but they probably earn more in one year than most of us will in our entire lives!

These numbers, accumulated by Forbes, show the top earning dead celebrities in 2015…

7. JOHN LENNON

Yoko Ono’s soulmate that is better known as the singer-songwriter of the Beatles – John Lennon takes the 7th spot.

With a whopping total of US$12 million (S$16.9 million) in 2015, this iconic musician continues to share the revenue of his recorded and published music. Other ventures such as the Beatles-themed Cirque du Soleil show are also earning him money even after death.

6. MARILYN MONROE

One of the famous entertainers of the 50s is the dashing Marilyn Monroe. Although she died more than 50 years ago, her legend continues as the Authentic Brand Group bought the rights to her brand. Her branding consists of a lingerie line, clothing label, perfume, and spa treatments. In 2015, these earned her US$17 million (S$23.9 million).

Image Credits: pixabay.com (License: CC0 Public Domain)

Image Credits: pixabay.com (License: CC0 Public Domain)

This proves that her beauty still captivates the hearts of many!

5. ELIZABETH TAYLOR

Aside from her movies, this legendary leading lady has been reigning supreme in the celebrity fragrance business. One of her top fragrance called “White Diamonds” is still continuing to sell even after 24 years.

All in all, Elizabeth Taylor earned about US$20 million (S$28.1 million) this year!

4. BOB MARLEY

Bob Marley, a reggae superstar, may not be an outright entrepreneur when he was alive but he became one in his death. This is due to three reasons namely: his Marley Beverage Company, his House Of Marley, and his music royalties.

He really does not need to worry about money as he is still earning US$21 million (S$29.6 million) after his death!

3. CHARLES SCHULZ

It is rare to see people who cannot recognize who Snoopy and Charlie Brown is! With the release of the “Peanuts Movie”, their creator named Charles Schulz who died in 2000 earned about US$40 million (S$56.42 million) this year. He is said to be earning a cut from the licensing revenue of the popular comics too.

2. ELVIS PRESLEY

The King of Rock and Roll’s magic lives on until the present day as his brand and name is still earning an impressive amount of US$55 million (S$77.5 million). This is largely due to the sales of his albums, memorabilia, and Graceland ticket sales.

Elvis, we can’t help falling in love with you!

1. MICHAEL JACKSON

Smooth as his pipes were, Michael Jackson has been bringing home the bucks gracefully since young. Consistently, he has been earning triple-digit millions every year after his death in 2009. Thought that was thrilling? How about if I told you that he earned US$115 million (S$162.1 million) this year alone?

Well, his undying talent still drives the force of his Cirque du Soleil show, his Mijac Music catalogue, and his music royalties including the half of the Sony/ATV publishing empire.

See his everlasting career here:

Sources: 1 & 2

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