Title: Is Richie Rich Really the Richest Family in the World?
Richie Rich: A Closer Look at the Wealth of the Richest Family
Wealth Beyond Possessions
Richie Rich is having the time of his life with all his toys… but is the film’s depiction of the richest people in the world accurate? According to Schreihans, “While the film may depict significant wealth, it only partially captures the complexities of being the wealthiest family in the world.” Wealth isn’t just about the materials you possess but also includes assets, investments, and influence, which Hollywood doesn’t always accurately portray because most people think of only physical wealth.
The Costly Mount Rushmore-style Vanity Project
But what about that Mount Rushmore-style vanity project? According to Cliff Tan, Mount Rushmore’s construction cost $1 million. “Calculated to today’s value, it would be about $22 million to build their project.” However, he also noted that the film’s Rushmore-like creation goes through some substantial wreckage in the film’s final act. Mount Rushmore “cost $40 million to renovate years later, which would probably be the bill after that film’s famous chase scene!” Still, it seems more reasonable than billionaire Steve Cohen’s decision to buy a 14-foot preserved tiger shark for approximately $12 million. Overall, the Rich’s home is the most accurate display of how rich they are. “Set in Biltmore Estate, the entire property is valued at an eye-watering $300 million,” Tan said. “This would make it among the 10 most expensive houses in the world.”
A Visit to the Biltmore Estates
If you’re ever in North Carolina, you can visit the Biltmore Estates. But don’t expect to find a McDonald’s inside.