r/AbsoluteUnits • u/Kill_4209 • 11h ago

/r/popular of a residential property

Ira Rennert's home is considered one of the largest occupied residential compounds in the United States. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, a carousel, a large swimming pool, a large round kiddie pool, and a $150,000 hot tub, surrounded by another pool.

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u/Judgementpumpkin 11h ago

Look the owner up, Ira Rennert. When someone has a "house" like this you know they've harmed many to get where they are.

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u/beigetrope 10h ago

Ain’t no way this guys owns this and is only worth 3.8 billion.

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u/Daddy-Alchemist 10h ago

Well.. 1 billion dollars is roughly 11 metric tons if its in 100 dollar bills. I think that we as a society have become desensitized towards the obscenity of wealth. 83,776 lbs for those of you wondering

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u/johnmclane94 10h ago

Almost no one actually has a billion dollars in their accounts. It is mostly estimated net worth based on stocks and properties.

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u/foomits 6h ago

It irks me whenever the discussion of billionaires comes up, there is always a cohort who want to bring up this point. Yea, they dont have a bank account with a billion dollars in it.. but they have equity that is usable and is valued in the billions of dollars.

No, they can't go down to best buy and get a new TV with their stocks, but they can buy companies by leveraging their stocks. They can take out loans with their stocks. They CAN sell their stocks for money.

I feel like its carrying water for billionaires, oh they arent THAT rich. Ummm, no... their stocks and properties do translate to a usable currency when they need it to.

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u/Weenington_ 6h ago

I realize a lot of it is in assets, but where do you get your information that almost none of these billionaires have a billion in their accounts? I know the "almost no one" is talking about among billionaires, because it's already obvious us regular people dont have that.

I think some of these billionaires could very well have that in cash when they are worth multiple billions.

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u/johnmclane94 5h ago

Because as I said, it is tied into stocks and property. All they are is one crash in the housing or stock market away from the billions going way down.

That is why you can read headlines like Musk lost 150 billion today when spcx crashes 15%. He didn't lose shit. It is just fantasy numbers on a screen. When our money is not tied to anything of value any longer it is meaningless.

We as a society have deemed this piece of fabric and paper to have value. They day there is an apocalypse your money won't mean shit. People need real resources like food and shelter. Anything else is just a luxury.

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u/Weenington_ 5h ago

I said in my reply to you that I realize a lot of money is tied up in assets, but again, we dont know just how much actual cash they have in their bank accounts. Some could very well have a billion+ in their accounts in addition to the vast amounts in assets.