Are Gay Men Really Rich? - Freakonomics
Contents:
- 8 OPENLY GAY BILLNAIR
- ARE GAY MEN REALLY RICH?
- NET WORTH: TOP 10 RICHT GAY BILLNAIR IN 2023 (WEATHIT LGBTQ PEOPLE NAM, RANK)
- IS THE BODYBUILDG INDTRY GAY FOR PAY? BODYBUILDG TROLL VCE GOODM TAK SHOTS AT NICK TRIGILI
- RICH GAY, POOR GAY
- THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY
- ONLE DATG GAY GUYS MATCH
- GAY SGL HOTON
- THE MYTH OF GAY AFFLUENCE
8 OPENLY GAY BILLNAIR
From gay marriage to the bate over rtrictive state laws, LGBTQ+ issu are at the foreont of current events. Outsi polics, though, the gay muny ... * gay rich man *
He also vted Facebook and asked for his opn on why more CEOs aren't openly gay, Thiel said, "A lot of the bs are global reach, and when you have ctomers all over the world, be a qutn of ‘Will they hold that (beg gay) agast you? Among the openly-gay hyper-wealthy are Domeni Dolce and Stefano Gabbana, the duo behd fashn power hoe Dolce & Gabbana. 5% of Amerins intify as lbian, gay, bisexual or transgenr; statistilly, 19 of Ameri’s 492 billnair should intify as such.
Billnair have exprsed their allegiance for their gay dghters and sons fancially: hedge fund billnaire Pl Sger has given more than $10 ln to support marriage equaly – his gay son, Andrew, tied the knot – while Progrsive surance’s Peter Lewis, recently ceased, donated $250, 000 to the Gay & Lbian Victory Fund 2008, as my lleague Clare O’Connor noted. Dallas Mavericks owner Mark Cuban ss on the advisory board of Athlete Ally, a nonprof targetg homophobia sports.
ARE GAY MEN REALLY RICH?
* gay rich man *
Of urse, some untri are more equal than others terms of gay rights, which might expla why natns wh the send- and third-hight number of billnair – Cha, 152, and Rsia, 111 – do not list a sgle LGBT billnaire. He outed himself as gay 2007 when Out Magaze listed him at the top of “Most Powerful Gay Men and Women Ameri”. Dolce is gay, and is not aaid to show , though there are always prumptns and nscensn about fashn signers and their sexualy.
NET WORTH: TOP 10 RICHT GAY BILLNAIR IN 2023 (WEATHIT LGBTQ PEOPLE NAM, RANK)
LGBT, which stands for Lbian, Gay, Bisexual, and Transgenr, has gaed signifint attentn and acceptance over the past few s. * gay rich man *
Gabbana has rved himself a niche the dtry, and ignorg the stereotyp about fashn signers, he has been open about his sexualy, tablishg the much-need sense of normalcy to beg gay. He, who me out to his iends 2003, now openly intifi as gay, which, acrdg to some, has played s part his general mment to changg the norms of venture pal vtment.
And if you watch even a ltle b of televisn the days, you’ll get the same ia … So, y, ’s pretty easy to get the imprsn that beg gay is a ticket to affluence.
IS THE BODYBUILDG INDTRY GAY FOR PAY? BODYBUILDG TROLL VCE GOODM TAK SHOTS AT NICK TRIGILI
Okay, so the qutn we’re tryg to answer today seems pretty simple: why are gay men affluent? Lee BADGETT: One possibily is a gay person says, well, I know I’m gog to face some stigma and discrimatn the labor market, maybe my bt fense agast havg an e disadvantage is to get a lot of tn.
If, therefore, gay men get more tn, that would go a long way toward explag why they earn more.
Also, gay hoeholds are said to spend 50 percent more on pet re products – so if you’re a dog, and you want to be pampered, havg gay parents seems like a good ia. That gay men are more affluent, probably bee they’re more highly ted, and bee they’re much ls likely to have kids, which means they have the money to live really nice neighborhoods.
RICH GAY, POOR GAY
BADGETT: The most important thg to know is that is actually pretty hard to get good data on lbian, gay and bisexual people. On today’s show we’re talkg about the stereotype of the high-e gay Amerin male, and how te that stereotype may be. So one problem is that not everyone who’s lbian, gay, bisexual, or transgenr is gog to say so when a stranger wh a Cens form knocks on their door.
THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY
DUBNER: Okay, so if the Cens don’t ask directly about sexual orientatn, how do we know what we’ve been tellg you about – that, for stance, gay upl earn about 20 percent more than straight upl? It’s a sub-sample bee not all gay people are partnered, and ’s also a sub-sample bee not all partnered gay people would want to disclose that to the cens. You probably also see why, the earlier part of our program, we told you about the e of gay upl but not dividuals.
But as Keh Ericson pots out, even that data isn’t necsarily a good reprentatn of the gay-uple populatn. Well, maybe a high-earng gay uple is more likely to divulge their sexualy to a cens-taker than a low-earng uple. BADGETT: Gay and lbian people tend to have higher-than-average tn levels, so you would expect them to have higher-than-average .
But when you pare gay and straight people wh the same tn level, actually the gay people earn ls. Badgett says that, while her data may not be so great eher, appears that if you took two observatnally equivalent men — same background, same tn, and so on – that the gay man would earn ls than the straight man, not more.
ONLE DATG GAY GUYS MATCH
In fact, earlier this year, Badgett and two -thors released a Williams Instute study which found that gays and lbians are more likely to live poverty than observatnally equivalent heterosexuals. Now, you may be a b spic of such a claim ma by an stute dited to sexual-orientatn issu but, assumg ’s legimate, the next obv qutn would be: why aren’t gays earng more? BLACK: I thk there is some good evince that gay men do take occupatns that are, you know, they look more female like, and of urse female occupatns tradnally pay a ltle b lower so that uld expla a part of .
Now, aga, keep md, an analysis like this reli on self-intified gay men who live wh a same-sex partner but, among that group, a gay man was about 16 tim more likely than a straight man to teach prchool or krgarten. BLACK: And you know, down halfway through the rume you list a membership, or not, a gay or lbian group. And I spect that that differential treatment between the gay and the straight applints is likely to be seen other ways, if we uld actually study this further to the employment procs.
Well, as he tells , there might be more discrimatn than we thk, bee there’s probably more homophobia than we thk too …. ERICSON: We fd that people are also hant to reveal that they don’t support gays and lbians, that they hi their anti-gay sentiment.
GAY SGL HOTON
So when we ask a private, veiled way, people are more likely to adm that they would be unfortable havg a gay manager, or that they thk ’s okay to discrimate agast gays and lbians.
A study that Ericson -thored found that when people uld answer qutns totally anonymoly, they were much more likely to exprs anti-gay feelgs. So of urse this would help expla why so many gays and lbians are unwillg to adm they’re gay or lbian.
Over the past 20 years, appears that the rate of partnered gay men beg parents has nearly doubled.
THE MYTH OF GAY AFFLUENCE
BLACK: Well uld have negative effects on enomic out the sense that particular I thk givg greater accs to adoptn on the part of gay and lbian upl might duce them to suffer, if you will, the nsequenc of havg children, and of urse achieve the obv benefs to havg children as well. As for the qutn that started this whole nversatn, om Danny Rosa — he wanted to know “what is about gay men and the gay culture that mak them so wealthy?
So if you already thk that gay men are relatively affluent, and then you see a few really nice neighborhoods that happen to be gay neighborhoods – well, nfirms your view. Then October of last year, Cook beme the first CEO of a Fortune 500 pany to acknowledge he's gay.