'Succession’ Characters’ Finances, Analyzed by a Money Expert

'Succession’ Characters’ Finances, Analyzed by a Money Expert | WSJ As Spent on TV

Рет қаралды 1,523,041

Күн бұрын

HBO’s Succession depicts a wealthy family fighting for control over their international media conglomerate, Waystar Royco. But what do the finances look like for characters in the family like Cousin Greg, Kendall and Logan Roy?
And is a $40,000 watch a good investment for Greg? How much does Tom and Shiv’s apartment cost? WSJ asked a certified financial planner to demystify some of the Roy family’s finances and give his expert opinion on their money habits.
0:00 Meet Douglas Boneparth, a financial planner
0:15 Cousin Greg
1:54 Tom and Shiv
5:04 Logan
6:45 Kendall and Roman
#Succession #PersonalFinance #WSJ

Пікірлер: 291

@loonabloo 8 ай бұрын

That one scene where Shiv and Kendall decide to round up to the next billion on their offer price just to make it sound better and Roman is the only one to recognize that that's still hundreds of millions of dollars they could put to use on other things in a super significant way

@ThecrazyJH96 6 ай бұрын

And he only wears a date just most the show compared to someone like Kendall

@curryboyftw 2 ай бұрын

@@ThecrazyJH96little theory of mine, is if you look at what Tom has on his wrist, he essentially upgrades every season.

@Great_PatBingsoo 2 ай бұрын

@@curryboyftwthat’s literally by design… most obvious character progression is seen through Greg, who sort of ends up where Tom begins.

@jacobcolman5423 Жыл бұрын

"Can't do anything with five Greg, fives a nightmare" - never wanted a nightmare so bad :(

@jasonshatkin8606 10 ай бұрын

no he is right. You hear of people all the time who won lotto with 5 million dollars. A young guy like Greg would probably be broke in 10 years.

@jdrancho1864 9 ай бұрын

@@jasonshatkin8606 well, he is right, but not for that reason. Lotto winners usually don't have champagne life styles even before they win the lottery, but this guy is used to spending money in a big way. He'll be eating his seed corn before five years are up.

@KaiayaRules 7 ай бұрын

In this economy, 5 Million would buy you an apartment in New York and that’s it 😅 Back to work he goes

@maxzett 6 ай бұрын

@@KaiayaRulesnoone needs or wants a fkn new York apartment tho. That's smth you get once you already have 2-3 20million dollar estates somewhere where it's actually nice.

@maxzett 6 ай бұрын

True. 5mil would allow me to never work again, buy a house for about a million, invest 3 million (to live off) and then do whatever I want with the last million

@istvanpalanki5316 Жыл бұрын

I think Kendall also has a real estate portfolio, he casually mentions he bought a few units in the building (maybe the whole building?) when he gives one of them to Greg, so it's expected that he has a decent amount he keeps adding new homes

@dumblecore Жыл бұрын

Yeah 'his guy flips them'. One of my friends knows a multi millionaire and that's what he'd do. He'd get a guy, get the guy to buy a whole apartment block and ask him 'how much rent can I catch for this?'

@lemiath 9 ай бұрын

you're close to being a mini greg @@dumblecore

@NymeriaDT Жыл бұрын

The way the Roys spend money in this show tells me they have an OBSCENE amount of money. For Kendall to casually brush off he would walk off with $2 billion from the sale of the company is astonishing alone.

@noble_experiment Жыл бұрын

What’s even astonishing is it’s not _only 2 billion_ , there are probably a few billions lying around and also extra from his dad’s inheritance.

@afonsopires2315 Жыл бұрын

@@noble_experiment That scene was from early on, not season 4 I believe. So with the gojo deal he made 190$ a share.

@llamapartyy Жыл бұрын

it's closer to 8 bill

@azc261 Жыл бұрын

@@llamapartyy how? It’s about 2.45 bil at 190

@noble_experiment Жыл бұрын

@@afonsopires2315 yeah I was commenting on his net worth and how it's not only coming from those 2 billion.

@harmlessheartbreak Жыл бұрын

Logan doesn’t own the castle. It was from his ex-wife’s family. They make a point to say that Caroline was bitter about the fact that it passed to one of her relatives and not her.

@jealva Жыл бұрын

Interesting analysis except I think you are wrong about the art. The reason no one has ever seen the art pieces that Roman referenced is because they are likely in a freeport, not because they are excluded from the estate.

@scottmckelvey Жыл бұрын

Better check in on those paintings guys, I saw footage of a guy moonwalking out of an explosion at a Freeport in Oslo the other day

@antoniocardona6789 Жыл бұрын

@@scottmckelvey Tenet 😂

@paulinalopezsf 11 ай бұрын

In shopping money, Trainers’ Chavacannes, BACK .

@paulinalopezsf 11 ай бұрын

Pakinig pakingganda

@paulinalopezsf 11 ай бұрын

Boyet matas’ MATA MATA THE PAINTING IS MY WORK AND MADE FORTH ONE ESPECIALLY JUANICONERTISSE “no prob “

@malevolentsloth Жыл бұрын

honestly 19k for that wedding venue doesnt seem that bad

@NathanielSnider1017 10 ай бұрын

it's 24k but that's still not terrible

@zamo9266 10 ай бұрын

Remember in the show it was owned by Logan

@SA-oq5lz 5 ай бұрын

@@NathanielSnider1017 especially for a billionaire... it's literally nothing

@elongated2761 5 ай бұрын

@@zamo9266Not by logan but Logan's second wife who's the children's mother. They say in the show she inherited the property.

@kaustubhnarkar9820 9 ай бұрын

What an eye opener , most of the time we are playing close attention to the main plot and sidelining these dialogues about the paintings , money , estates . But when WSJ breaks them down you can see how it actually facilitates the main plot .

@dennistennis2225 Жыл бұрын

He is saying "secession" and not "succession". They are different.

@dinkyvision 4 ай бұрын

I noticed that too. Weird. Totally different meaning.

@headwinded1948 Жыл бұрын

I kind of laughed when they said that Greg made 200k per year. In Manhattan, that isn't a terribly large sum of money, especially given the people he's hanging out with, the clothing he wears, and to the video's point, the idea that he did purchase that watch (though it was very much a blatant pressure sale). If he's still squatting in Kendall's extra apartment that changes things I guess.

@ClapBoomBoom 9 ай бұрын

Tom was making a big deal about the 200k because Greg was just an assistant. That's why he said he was the "highest paid assistant in the world".

@leibhagwani Жыл бұрын

Secession? I thought the show was called Succession 😅

@freddyromeroiii Жыл бұрын

My thoughts exactly 😂

@Akshay-jm4hs Жыл бұрын

and I thought if he says it then he must be correct and I am wrong from many years

@Gabriel-br4qe Жыл бұрын

well the Roys have some internal civil wars sometimes so it might as well be Secession

@ashleyguiamel9587 Жыл бұрын

i mean season 3 ep 1 was titiled "seccession" hahaha

@dimitriantanov3150 2 ай бұрын

I wonder if this guy watched the show before he was brought in to do the video.

@peterb3842 Жыл бұрын

$600 suits would not be worn by anyone in Succession. Figure 50% higher for Brooks Brothers, J Press, maybe Brioni. Double it for a made-to-measure suit….

@AmandaVieiraMamaesouCult Жыл бұрын

Even their caps are by Loro Piana or Brunello. They're like 4k-6k each.

@olivierporte Жыл бұрын

Neither would Brooks Brothers or J Press be worn by anyone in Succession. Brioni is plausible, but most Anglo-American billionaires prefer English over Italian, so most likely Saville Row (e.g. Gieves & Hawkes)

@roylawrence3679 Жыл бұрын

I made the mistake of wandering into a Loro Piana store a couple weeks ago and found a jacket I’m sure I’ve seen Tom wearing for $4.8k

@merrywalsh2809 Жыл бұрын

There is a reason the richest man in the world sits atop a luxury clothing and accessory empire. We should all be selling to the rich

@JetSetRadio774 Жыл бұрын

@@merrywalsh2809 which man are you referring to?

@heypiffy 11 ай бұрын

There's an error in the video - Eastnor Castle lists their weekend wedding price as 19,000 British POUNDS. That's just over $24,000 USD.

@VBoo459 Ай бұрын

Tbf my wedding venue cost £16,000….for 12 hours…..but that included food and alcohol I guess.

@eddiemalvin Жыл бұрын

Kendall wouldn't sell his shares and pay capital gains. He'd simply borrow against their value.

@mukunimulundika5359 Жыл бұрын

Succession not cessation.... And the wedding venue was the Collingwood estate belonging to Caroline's family, not owned by Logan. Research!

@YouTubeKnight Жыл бұрын

Something tells me Tom will be fine.

@tiglunmy Жыл бұрын

You were right, Tom of all people. I was so focused on Cousin Greg that I never saw this coming! But then it makes a perfect sense after all!

@ProbationCoach 11 ай бұрын

Greg was buying the Sub from a grey market dealer, not an authorized dealer (retail). Certain styles of Subs can easily go for $40k in the secondary market - especially in 2020-2021. Tom’s suits are far more expensive than $600

@johnr1350 11 ай бұрын

A standard and not rare black dial stainless sub date is somewhere around $11,00 - $15,000 on the grey market. The variance depends on quality, vintage, box and papers. Again, this is for a standard sub, not a rare version. A gold sub can easily run up to and north of $40k.

@ProbationCoach 11 ай бұрын

@@johnr1350 consider the time period as well - black subs were going for well over 20k during peak easy money (when this was being filmed)

@beerkegaard 8 ай бұрын

@@ProbationCoach nah, basic submariners were never worth more than like $16k even at the peak of the market. greg got ripped off and that is in line with his character.

@matthewmachanda9390 4 ай бұрын

Tom also rocks an AP Chrono.

@LMGLUDA 29 күн бұрын

There was NEVER a steel ceramic Submariner worth 40K. Way under 20K for just regular steel, and around that for an LV on the top of the market moment. 40K would be a gold Submariner at peak market, and that was not a gold one.

@RutmansProductie Жыл бұрын

Close your eyes and it feels like Jesse Pinkman is enlightening you on business finances

@hijklmnop42 Жыл бұрын

Ha! From someone who is watching Breaking Bad for the first time right now... I agree! He totally has the same broad American bro-speak style!

@onfingertips 5 ай бұрын

Haha

@FinancialShinanigan Жыл бұрын

He sure dresses like a money expert

@jtgd Жыл бұрын

His last name sounds like Bonaparte

@recursion. Жыл бұрын

He looks like a gay matchmaker, what are you on about?

@mitochondria3873 Жыл бұрын

As Brian Cox says in interviews: "Its pronounced Suck Session."

@VBoo459 Ай бұрын

That’s actually how you pronounce it tbh suc-cession

@4rch13 Ай бұрын

I mean… it’s a word, it’s not up for debate or for someone to say how it is pronounced

@christianbalmer2155 Жыл бұрын

Secession, the show about a group of siblings who, despite their union-leaning views, fight to obtain control of the leading confederate printing press from its owner, their all-powerful slaver-I mean…father.

@julesdrums6167 Жыл бұрын

el em f AYYY oh

@mattpalmer152 Жыл бұрын

Theyre not union leaning are you insane

@mrmovieguy1000 Жыл бұрын

@@mattpalmer152 It's a joke on how the guy pronounced succession like secession (which has to do with politics)

@stormzybanksy Жыл бұрын

@@mattpalmer152 missed the joke entirely.

@captainmerca341 9 ай бұрын

Didn't know the show took place in the 1700's🤔

@heldersimoes1124 8 ай бұрын

wow this analysis sure gives a better prespective as to how much thought was put into the show

@kli9005 4 ай бұрын

Yeah I noticed that money guys LOVE this show.

@danh5637 Жыл бұрын

He’s a perfect example. Financial planners always bitter about having to deal with bundles of money way bigger than they will ever make and hating every minute of it. 😂

@maximrobertjacolino7745 9 ай бұрын

Spot on!

@bigboymamba 8 ай бұрын

en.wikipedia.org/wiki/Psychological_projection

@TheBryFun Жыл бұрын

I like this guy. He should do the rest of season 4 pls

@JoJoJoker Жыл бұрын

@2:45 this castle is not Logan’s, it belongs to the family of his ex-wife.

@jtgd Жыл бұрын

Which one? If it’s the first, then he may actually own it

@JoJoJoker Жыл бұрын

@@jtgd the wedding venue.

@similarrose5811 Жыл бұрын

@@jtgd Shiv’s mother obviously

@JeffreyGillespie 4 ай бұрын

This video was really fun to watch. 😊

@shenlaw Жыл бұрын

Great job, Doug!

@carolynmaynard3694 11 ай бұрын

This was pretty interesting. Thanks!❤

@JK8 Жыл бұрын

1:12 it’s not a penthouse, it’s a townhouse/mansion. The interior is a set but the exterior shots are of 991 5th Ave, which is a single family townhouse mansion. Currently occupied by the Irish American Historical Society

@JJ_ON_YOUTUBE Жыл бұрын

very interesting content

@jnac216 Жыл бұрын

Doug, well said!

@Anna-vz5jl 10 ай бұрын

So interesting thank you for breaking everything down 🎥🎬💵💵💵💵

@freedomm Жыл бұрын

I wonder how Logan's property upstate and Connor's ranch in New Mexico cost.

@whatever_user Жыл бұрын

That apartment is not 5.8m lol, it’s a triplex

@ShaizaShamim Жыл бұрын

I really like Douglas's suit, super stylish and he wears it well.

@makhangel 4 ай бұрын

This is soooo interesting!!! More please! You could do EMPIRE, or even a show like SHAMELESS - why are they so poor? When that character had that $100 and spent it on __________, what could they have spent it on instead?! This is very excellent and usable content.

@AeyGee Жыл бұрын

This guy looks like a more mature version of John Krasinski!

@alqamahasnain6428 Жыл бұрын

More of this please

@villads5862 Жыл бұрын

So funny that this video was made by wall street journal who is owned by Rupert Murdoch A/K/A Logan Roy irl 😂

@michaelchavez9094 Жыл бұрын

He keeps saying secession and not succession. Money can't buy everything....

@nanky432 11 ай бұрын

You know this is why you should probably not let your kids or family members inherit the family business, and should simply just sell it before you die. It brings up way to many conflicts of interest and leaves everyone with a bad taste in their mouth. Just leave them with an inheritance of cash equally divided after ALL assets are sold at public auction. Let the tax man take their cut and then just let everyone do what they want with their own money. It’s also best if they started their own business with the knowledge they gained.

@80teg 5 ай бұрын

I can tell you dont have money by this comment. You have no idea what a golden goose looks like. Not even a little bit.

@nategray4989 2 ай бұрын

You Sound mad bitter bro

@PassiveAgressive319 8 ай бұрын

More pleeaassse!

@antarjones7888 Жыл бұрын

I am pretty sure it wasn’t a codicil because it wasn’t executed before two witnesses. Instead it was just a writing.

@Alookatportland Жыл бұрын

1:48 no, it will tell the time.

@God-yb7rr Жыл бұрын

WOW a CHEVY SUBURBAN..... Very fancyyyyyy

@aishwaryasivakumar8525 3 ай бұрын

the way he pronounced succession, i thought i was tripping and had to do a google search

@ThisIsTheInternet 5 ай бұрын

0:12 Did he call the show "Secession"?

@BakiEnes-gw1ji 9 күн бұрын

4ra ka layout aur design bohot engaging hai, bets lagana aur games khelna easy lagta hai 🎮🔥

@tylttran 11 ай бұрын

Does anyone know the name of the financial planner? Does he have a channel?

@BrianLoks Жыл бұрын

my guy rich rich

@HasanHaci-ik1jy 9 күн бұрын

Yaar yeh 4RA pe customer support bhi bahuth helpful hai bro, kabhi bhi problem solve ho jati hai 👍🏼😃

@richardyoung871 9 ай бұрын

In this video what he actually is talking about money, and I talked to my father about it many years ago and he pointed out to me the difference between me and my twin brother, very different even my next door father, pointed that out,and my father taught me about money,as I have taught my circumstances and to my children save for a rainy DAY,as in the 1929 CRASH

@cammy11 8 ай бұрын

wish this featured Roman's LA house

@MuratAhmetcan 9 күн бұрын

Yaar 4ra pe technical processes bohot smooth hain, kabhi koi issue nahi aata 🔥💯

@michaelmangraviti6772 3 ай бұрын

Also the “Tom likes his suits he probably spent $1000” is insane any Loro Piana will have a blazer for at least thrice that price

@b_to_the_b 3 ай бұрын

Why does his hair remind my of that scene from movie “There's Something About Mary”

@mrmovieguy1000 Жыл бұрын

Why does a fan of the show & literate man keep calling "succession" "secession"?

@HandanZerin 9 күн бұрын

Sahi kaha bro 4rabet pe bets lagana bohot easy hai, interface clear aur simple hai 📱💯

@mattandreana6501 Жыл бұрын

That hair is outrageous

@yyrurh 4 ай бұрын

that dude's hair is financing more than finance itself

@AndrewMutieMulandi-ge8dm 9 ай бұрын

Money 🤑 is power 😊

@Onlybanker369 Жыл бұрын

😊it may be possible.

@jdrancho1864 9 ай бұрын

Couple of things you have to realize: Going from millionaire status to having billions is not a straight line, it's a geometric progression. If she is getting paid $250 000 or even more as an attorney, that is to Logan like it is to me paying a gardener $50 a month to mow my lawn. Similarly, spending $4500 on a helicopter ride - keep in mind that cost is split among four people - is like me buying a ticket on the subway. Not having to put up with the unwashed masses and the crazies on mass transit : priceless. Why these shows still cling to trope of "a will" I don't understand. That is so Agatha Christie. A will is probably the worst instrument there is for intergenerational wealth transfer. With this much money at stake, and having their fingers in so many different pies, all of them baked to different recipes ( LLCs, Corporations, holding companies, preferred and voting and non-voting shares), a successful succession plan cannot depend on a will where the reader is not sure about an underline or an strike-out.

@leowzhilin 8 ай бұрын

Interesting. What other instruments are there for intergenerational wealth transfer? If not a will, how would u go abt a succession plan as complicated as this?

@jdrancho1864 8 ай бұрын

@@leowzhilin First, let me say I'm just an interested amateur, not a professional in these matters. A situation as depicted in "Succession" is complicated, so I wouldn't presume to offer up anything like a legal road map. But there are three facts that make a will unsuitable as the desired instrument. First, it is a public document. Any will that's ever been filed with a court can be viewed by anybody who wants to. If you have a desire for privacy, that is reason right there not to use a will. Second, it requires an executor. That would be a thankless and unpaid task I wouldn't want to take on with a company as large and a family as dysfunctional as the Logans. Third, there is a number of ways a will can be contested in court during the will's probate. Even if the court eventually agrees with all the provisions in it, which is a big "if", the delay in its implementation can drag on for months and years, bringing corporate operations to a near-standstill and promoting uncertainty at a time when a clear corporate course is needed. Hope this helps. A bit lengthy, but I hope worth the read.

@leowzhilin 8 ай бұрын

@@jdrancho1864 wow, thx for the lengthy reply! I apologize I'm not very savvy with these estate planning things. I just thought it's customary for everyone when they pass, to have a clear, structured will, with clear directions to who gets what. Otherwise it would be a huge contested mess in court. Surely, having a will & some structure to wealth transfer is better than leaving it to the courts? Would the other alternative be hiring a trusted estate planner to distribute the assets? Are there other ways to leave behind your stuff? U can put it in a separate trust for each kid I assume. But u'd still need a will?

@Dafty2k 7 ай бұрын

@@jdrancho1864lol exactly all these things exist in the series😭😭

@0FFICERPROBLEM 4 ай бұрын

The document was just something extra they found, a draft Logan had never showed anyone. Implicitly there was a lot more going on to the family's wealth transfer there

@Linck192 8 ай бұрын

such a nice format and guest to be rushed into an 8min video

@ihsanSelcen 9 күн бұрын

4ra pe games aur betting options bohot diverse hainna yaar, kabhi bore nahi hota 🎉💪🏼

@abhiudai 2 ай бұрын

Only if they spent half the time and energy they spent on fighting each other into uniting and fixing their relationships, they would've ultimately been in a much better position, they were divided by the big shots, and that's how they got conqured.

@AysegulEsra 9 күн бұрын

Mujhe tho 4ra ka design bohot pasand aaya, games aur betting karna aur bhi mazedaar lagta hai 😍💥

@GozdeHatice 9 күн бұрын

Bhai 4RA ka technical support bhi best hai, koi problem ho toh turant help mil jati hai 🛠️📱

@whoareyouyouareclearlylost323 4 ай бұрын

Tom took the biggest dub in the show, Tom and Greg tbh.

@richardpalmer8478 4 ай бұрын

I only watched this show because of Brian Cox.

@HakanDilek-un1wt 9 күн бұрын

Yaar 4RA ka interface bhi easy hai, bets lagana aur jeetna dono simple aur fair hai 📱💥

@Erox006 10 ай бұрын

may our finances rise high as his hair

@kilianschattauer5625 Жыл бұрын

I swear the watch was a deep sea seadweller

@rentedthriftedreal Жыл бұрын

Everyone wanted to know about Jess! I guessed 150K with a 24/7 req

@HazelEmrah 9 күн бұрын

4rabet ka usage bohot smooth haina bro, kabhi bhi koi problem nahi aayi 👌🏼🎉

@VolkanAli-rq7lq 9 күн бұрын

Haan yaar, 4RA pe navigation bohot simple hai, easily bets lagate hain aur jeette hain 💸🔥

@ehsansharif2296 2 ай бұрын

No spoiler alert and you spoiled the most important thing in season 4 for me. Real professional! Thanks

@Ari-vv3ur Жыл бұрын

Cool last name. Very cool last name.

@454ffv 8 ай бұрын

i doubt a highly respected attorney only makes $250k

@JCif92 3 ай бұрын

Long term capital gains are taxed at 20% not 1/3 for the tax man. Figured someone in his industry would realize that lol.

@clayfoster8234 9 ай бұрын

The idea that someone worth 2 billion dollars has to actually pay taxes is laughable. Taxes are for little ppl…

@MustafaMehmet-ic4hf 9 күн бұрын

4ra pe odds bhi bohot ache milte hain, jeetne ka chance hamesha high hota hai 💸🏆

@benjaminlehman3221 Жыл бұрын

What is succession about?

@nabilahuda3447 Жыл бұрын

Family

@MucellaBurcu 9 күн бұрын

Mujhe 4ra pe fair betting aur winnings ka experience bohot pasand aaya, sab kuch transparent hai 😍👌🏼

@dcoughla681 Ай бұрын

The taxes you pay depend on multiple factors. Nationality being one.

@pixeltx3364 Жыл бұрын

at this point make a movie tv reviews already

@GokhanYusuf-gk1bg 9 күн бұрын

4rabet pe betting aur winnings ka process bohot transparent hai, sab kuch fair lagta hai 👍🏼😎

@VahdettinBusra 9 күн бұрын

Yaar sach bolutho 4ra pe live games aur betting ka experience zabardast hai, real fun 🎮😎

@robertsoto5713 9 ай бұрын

Dudes hair is epic.

@lindseysloan8735 9 ай бұрын

Reminds me of laffy taffy

@AddyGoesPlaces 4 ай бұрын

Once again, the Eldest Son is forgotten.

@UrsaMusic 6 ай бұрын

Where you getting this nice $600 suit bro, link me up

@BelmaJale 9 күн бұрын

4ra pe betting ka maza hi kuch aur hai, odds bhi bohot ache milte hain, real fun 🤑🔥

@HuseyinAsli 9 күн бұрын

4ra pe games aur betting ka experience bohot acha hota hai, fair winnings aur good odds 💯😃

@jackster1033 Жыл бұрын

I have joined >:)

@MerveNur-gj9ph 9 күн бұрын

4ra pe withdrawals bhi bohot jaldi ho jate hain, kabhi delay nahi hota 💸😃

@jep98 4 ай бұрын

How much does Logan pay Colin? He knows a lot of their secrets and is super loyal to Logan.

@olivier3516 Жыл бұрын

Secession

@UmitSureyya 9 күн бұрын

4rabet pe odds bhi bohot ache milte hain, jeetne ka chance high hota hai 💸😎

@ginao6810 11 ай бұрын

I can’t help but question this guy’s credentials if he is unclear on the difference between “succession” and “secession”. Shouldn’t the team at the Wall Street Journal at least be clear on the difference?

@WarKrieg 11 ай бұрын

Or that he believes Tom, an executive who hangs out with billionaires and is married to one, would ever come near a $600 suit 😂