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Posts Tagged ‘Northern Virginia Magazine’

The etiquette of wealth in the DMV: Less flaunting, more power

In the DC region, it’s not always easy to spot the rich and powerful.

cartoon of wealthy man with pipe in his mouth and money in his pocket

In this town, where many successful careers are built on answering to constituents or interest groups, flaunting your wealth is generally frowned upon.

“Showing your wealth here is more rare than not,” says Barry Glassman, founder and president of Glassman Wealth Services, a Tysons-based financial planning firm. “When we think about pockets of wealth in various areas of the country, we think of what makes great headlines or Instagram posts. But the norm for most people here is to keep it relatively private to the point where some people, even some of our well-to-do clients, don’t even view themselves as wealthy.”

Of course, that doesn’t mean the region’s wealthiest residents aren’t spending their money. It just means they’re not doing it with flash (think more Mercedes SUVs in McLean, not Bugattis in Beverly Hills).

Besides, says Lauren Rothman, a local stylist, author and fashion expert who outfits many of the region’s rich and famous, wealth here is often defined by access to power, not your bank account.

“Flaunting your wealth is not what true wealth is about here,” says Rothman. “Wealth is not about spending money and showing it off, because the true key to success here is power. That power may have wealth as a component, but that power has connections. It’s a long-term game here in terms of accumulating wealth and keeping it quiet,” Rothman says.

But, in enclaves like McLean, where many of the region’s wealthiest reside, you can find a window into that world of rarefied air.

“In McLean,” says Rothman. “Everyone is living their best life privately in their own home. So, you walk into a McLean home and you find the community is in their home—the chef, the driver, the household staff.”
Amenities in particularly high-end NoVA neighborhoods also offer insights into the world of the wealthy. The Giant supermarket in McLean, for example, offers valet parking.

“But you would never suspect who is the wealthiest customer in the store just by looking at who is walking around,” Rothman says. “You walk in and you will not see any customers sporting designer fashion.”

For those who need even closer proximity to DC, a city pied-a-terre can be a status symbol.

“A family in McLean or Great Falls wants four seasons of clothing in their home here and their apartment in CityCenterDC,” says Rothman. “They are not showy about it, they just don’t have time to do packing. And these places may be only 20 to 40 minutes away from each other. To have two places so close together is clearly an expression of wealth, but it’s something that no one would talk about.”

Over-displays may be the exception (this is the town, after all, where Dan Snyder, spent millions of dollars on a custom yacht with an IMAX theater on board), but you’re unlikely to get a behind-the-scenes look on social media.

“It’s about what is more unique, like having a certain custom-made car and being one of only a select few in the world to be able to afford that opportunity,” says Rothman. “That is more interesting than flaunting. It’s a private experience.”

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Insider’s Guide: Lauren Rothman’s shares her favorite hidden gems

The fashion consultant, stylist, author and speaker has favorite spots in Tysons and Middleburg.

Photo by Christin Boggs Peyper

It’s literally Lauren Rothman’s job to keep up with style trends. The fashion consultant, stylist, author and speaker is the woman behind many of the D.C. region’s best dressed politicians, corporate leaders and celebs. But when she’s not with clients, you can find the Style Bible author and McLean resident at some of her favorite NoVA hot spots. Here, she shares her secrets.

What’s your style philosophy?

Your smile is your number one accessory and the best way to own a room is to walk in confident.

Shop ’til you drop

I love to shop! Not only is it my job, it’s my favorite pastime. I love Roman in Tysons Corner. They have the most unique pieces. Burberry this season is amazing and has the most fab accessories for cooler weather.

Favorites

Photos by Christin Boggs Peyper

These SEE sunglasses define my signature style—edgy yet classic! Metallics are hot this season and these Kendra Scott lacquers add the perfect splash of sparkle. I often layer them on top of my mani to make it last longer!

Favorite date night spot

Photo by Rey Lopez

My husband and I love Assaggi Osteria for date night and their sister restaurant next door, Assaggi Pizzería, is our goto for family night.

Just say spaaaa

Salamander Resort & Spa is my home away from home. Visiting their spa is such a stress release. I especially love to sip Champagne by the fireplace at the outdoor hot tub after a massage.

Favorite spot when family is in town

Greenhill Winery in Middleburg.

Hostess with the most

Rothman will be at Kiskadee in Del Ray Thursday, Nov. 8, from 7-9 p.m. “I’ll be dishing style tips on how to ‘Look Hot for the Holidays in the Season’s Most Wearable Trends.’”

 

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