You’ve got about 3,500 billionaires in the whole world. I’m blessed to have a few of them as clients.
It’s a lot better being on clients’ yachts and planes than it is being stuck in a conference room. That doesn’t mean I never get stuck in a conference room, but at least there are times I can be on their yachts and planes.
I say half-jokingly I represent the rich and the spoiled. They have to be very rich, and sometimes spoiled. But they do have to be very rich.
— Michael Kosnitzky, co-leader of Pillsburys’s Private Wealth practice, offering some commentary on the clients he represents worldwide. “Even the ultra-wealthy need protection, and maybe no more so than now,” Kosnitzky said. “Because there’s an unfair connotation that those who are ultra-wealthy achieved their wealth unfairly, and that is anything but the case.” While some of his clients are worth between $20 and $50 million, the vast the majority are worth more than $100 million.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.