Why Barbara Corcoran Rules and You Don't
Monday, December 18, 2006, by Joey
"The best thing that happened was when I went to my Citibank cash machine on Madison Avenue and 90th Street in my neighborhood two days after the sale. I went to get my $200 out that I get out every two weeks for my $200 pocket cash, and I always push the button, 'do you want a receipt?' 'Yes.' And when the receipt came out, my account balance was over $50 million and that was thrilling.
I showed it to everybody else in the cash line. I couldn't contain myself. I said, 'Look at this, look at this.' I mean, I was looking around, it was such a weird feeling, who do you show it to? Nobody was with me that I knew so I showed it to everybody there. I think they thought I was a nut job, a New York nut."
· How it feels to sell your company for a large sum of money [The Real Deal]
I know how she feels, I did the same thing recently myself.
Come on Barbara?
Do you really expect us to believe that you ran around showing your eight figure balance to Joe and Sally Shmoe?
New to money? Judging by the expensive threads and perfectly manicured hair, I'd say you already adjusted yourself to the lifestyle long before you got the check.
In the unlikely event that I'm wrong about this, I would highly recommend that you do what most smart wealthy people do...quietly pocket the cash and enjoy your life and your newfound wealth.
I wish you all the best Barbara, but if you show me that eight figure receipt after I've been truding around with clients all day, I make have a different take on it.
Happy Holidays All!
You are going to be a cracked New York Nut if you show that to the wrong person.
what a c nt.
i hope the homeless guy holding the door open for her pee'd on her leg.
Behold the vain man, and observe the arrogant; he clotheth himself in rich attire, he walketh in the public street, he casteth round his eyes, and courteth observation. He tosseth up his head, and overlooketh the poor; he treateth his inferiors with insolence, his superiors in return look down on his pride and folly with laughter.
-Akhenaten
The rich and the lonely. Barb, you can buy friends now. Come on. And $200 pocket cash every TWO weeks? yea, she's pimpin now.
I know she sold the company, but this story is complete BS.
I find it extremely hard to believe that She put the proceeds of ther company sale (50 Mil) into her citibank checking account.
pullleeaze.
Secondly, are we to believe that she only spends 100 bucks a week in pocket cash?
I know people who earn 30K a year and spend more than that every 2 weeks!
Why wouldn't she put all that money into her bank account? It's safe there! It's FDIC insured!
hey moopheus fdic insures up to 100k
thanks Mike, you're a really smart guy, thanks for pointing that out, I'm sure your entire networth wil be covered with plenty to spare.
And then what did you do, Barb? Please tell us you at lesat had the decency to offer everyone in line a few rounds of drinks.
Babs, honey... this is one those things you should really keep to yourself because you sound like a complete idiot.
Have a good day!
#11 you hurt me so did you make yourself laugh
how much net worth do you have bigshot?
no reason to brag but id love to see your tax returns donald jr. if you even have a job you turd
or does mom support your ass? i'm sure i have more in my fidelity trading account then you make in a year
Thanks Curbed for introducing me to this column, it's awesome. I noticed in the archives section of the Real Deal, that they have other how it feels too. Very interesting stuff. Thanks.
to #9,
because if you are worth 50Mil+, you know or people who work for you know that you arent going to earn what you should off that nest egg by putting it all into a checking account.
guys, who CARES what she does with her money and quite frankly, who cares what she does in the line at an atm. here's a newsflash, she has 50 million and we don't. you think she cares? hell no.
ok, let me rephrase, I don't have 50 million. just thought i'd add that before some liar comes along and says "speak for yourself"
Mike, jm, it's . . . oh, never mind. Why bother.
I think it's such a nice little piece - obviously she was used to living the good life, but she never had a net worth close to what she did post selling the company. Anyone who worked their butt off and got the results she did would be thrilled no matter how rich or poor. I'm also sure it didn't sit in Citibank for very long...
I guess when you carry around a black Amex and charge your $1,500 suits and $1,000 dinners, you need $100 a week for...I dunno, gum and hairspray?
Are we supposed to believe she's been elevated to "rich" status overnight after all those lean years running the biggest residential real estate company in the city? She's been extremely wealthy for years. $50 mil! Showoff.
50,000,000!? Andrew Heiberger got more than that for Citi-Habitats. She got robbed.
And to all you haters, if you knew a little history behind BC, you would be really happy for her. She used to be one of those 30K a year people. If this was about a lottery winner, you'd think, "how cute." Since its about someone who worked their ass off, she's stuck up. Where's the logic?
Wanna spread some love and say I'm happy for Barbara and Andrew. Bravo.
Haha, I tipped this story to Curbed.
I thought the $200 every two weeks was baloney, but, I think it is true.
She charges everything, as well she should! She is working even when she is socializing, and putting everything on her credit card makes it easy to itemize expenses, at year end.
The $200 is for snacks and assorted sundries.
We should all do the same.
"I kept that receipt, needless to say." What a douche!
She worked for it at least...did not win it, or have it given to her.
I don't believe the ATM deal, but that's o.k.
Credit card everything, I do it too, easy to track as stated, and paid off end of minth and don;t carry a balance.
Regarding all those who are complaining...get a life and quit whining about someone else and worry about yourself.
From the $30k/a crowd--gauche nouveau riche bihajc, sure. That's what buying a status symbol is for.
So you can be one step removed from this kind of embarassing behavior. But the intent is identical.
Not that I wouldn't've enjoyed some schadenfreude if the others'd held her down and made a suppository of the receipt, put it all up on YouTube. I'm sure one of you idle rich(es) has the time...
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