Where Do Billionaires Keep Their Money?
If the average full-time worker who makes $50k a year worked 40 hours a week for two million years, they’d still not be as rich as Jeff Bezos. The sheer volume of money flowing into billionaire bank accounts these days is astronomical. But it’s not as simple as stashing wads of hundred-dollar-bills under the bed.
The reality is that, unless these billionaires operate tactically, their wealth will sizzle as inflation grows over time. Rather than a swimming pool full of gold, the world’s richest diversify amongst stocks, trusts, real estate, business ventures, and, of course, a little over-the-top splurging now and then. Keep your jealousy in check as we decipher how the financial elite hold, spend, and invest their money.