Where Do Billionaire's Keep Their Money?

it's easy to imagine us millionaires and billionaires as scrooge mcduck diving into our olympic-sized pools full of gold coins lounging on couches made from bags of money eating our dinners on tables made of solid gold bars i mean after all where else are we supposed to keep our riches at the bank no no no i've seen it's a wonderful life and there's no way i'd trust a bank with millions of dollars so where exactly do the super wealthy keep their money do they store it in their mattress like my grandmom did back in her heyday do they invested in fancy cars properties and startup businesses well today we're going to take a look at where the billionaires of the world actually keep their money we'll glance at the portfolios of some of the richest people on earth and i might even give you a little lesson on where i keep my money as well first let's chat about the most obvious place that people keep their wealth banks i know i know i just made a little comment about not trusting them but banks do come in handy for quite often especially when you're super rich the billionaires of the world don't stroll down to wells fargo and wait for a teller when they deal with banks they deal with them through a private wealth division the private wealth division is made specifically to deal with high net worth clients also known as hmw clients these private wealth divisions have wealth managers that are specifically trained on handling accounts with a lot of zeros commas and investments often high net worth clients have their own specific banker who manages their portfolio and assists them with their everyday needs the customer service is unmatched i mean is there much better than looking over your fortune while sipping a glass of champagne your wealth manager has just given to you it's hard to top that kind of customer service experience additionally high net worth clients get a few more wonderful benefits even though they have the money they often don't have to pay for wire transfer fees cashier checks or safety deposit boxes to be honest i kind of forgot that you even had to pay for cashier checks but even with this special treatment high net worth clients rarely have that much in the bank in fact a recent study found that the average billionaire has approximately one percent of their net worth in liquid assets yes that means it's perfectly realistic to think that jeff bezos might only see a few thousand dollars when he pops his debit into the atm billionaires have little in liquid assets primarily because diversifying their wealth is incredibly important there is no promise that any one company or investment will succeed which means that placing all your money into one business is incredibly risky if jeff bezos took all his money and invested it into a company that turns pitch bits into harmonicus and shockingly that business failed well old jeff would be out of luck instead billionaires spread their wealth across dozens and dozens of investments jeff bezos for example has an entire website that details his investment portfolio and it is quite frankly all over the place and i thought i had some diverse investments jeff takes that to the next level he has a three percent stake in business insider he has millions invested in unity biotechnology a company that researches and develops pharmaceuticals to help prevent and alleviate age-related diseases he's also invested in a much less serious business glass baby a company that creates glass votives for candles then there are his investments in airbnb which totals 112 million dollars and his investment in uber which is approximately 37 million dollars of course there are even bigger investments like the washington post which he bought for a quarter of a billion dollars but jeff bezos isn't the only billionaire on everyone's radar even though he is one of the most fun to talk about there is his runner-up bill gates bill gates investments are all through he and his wife's foundation the bill and melinda gates foundation by far the most head-turning investment in their portfolio is 50 million shares of berkshire hathaway which is valued at 11 billion one might assume the second largest holding would be something glamorous or business savvy maybe a tech company or a forbes 500 company but when it comes to bill gates it's anything but glamorous his second largest holding is waste management incorporated that's right those green trucks you see driving around actually make the big bucks the foundation has 18.6 million shares in waste management incorporated which has a market value of 2.1 billion dollars then there's the canadian railway company which may seem like an investment of the past after all the vanderbilts made their money on the railroads back when cowboys were still roping out west however the canadian railway company is a vital business for transporting goods and industrial supplies even today the shares the bill and melinda gates foundation owns have a market value of 1.54 billion dollars the foundation is also invested in caterpillar incorporated a company that manufactures heavy equipment and in walmart it's hard to lose on walmart i suppose so millionaires and billionaires diversify from walmart to berkshire hathaway even to candle votives for millionaires business is often their third most valuable asset directly after primary residences and retirement accounts but for those with a net worth of over 20 billion business tends to be their most valuable asset that being said billionaires still invest an incredible amount into property and while the housing market is known to well you know crash every once in a while it's still a fairly sound place for the wealthy to invest and park their cash mark zuckerberg has invested his facebook money in some sweet eggs across the united states he owns a 100 million dollar property in hawaii which he probably retires in after he finishes his day of surfing with certainly no sunburn on the upside it's safe to say mr zuckerberg is keeping melanoma at bay he also owns a 59 million property in lake tahoe and several million dollar properties in silicon valley all in all he has about 10 properties worth millions of dollars in his portfolio which i commend him for i'm a huge fan of real estate which is why i've invested the majority of my money into properties around the globe a villa in italy a penthouse in new york a castle in southern france it's good to know if i ever need the money i can toss one of the homes on the market and be back in the green within weeks since jeff bezos is the wealthiest man on earth it's no surprise that he is one of the united states largest land owners as of 2017 he was the 27th largest land owner even surpassing logging companies and prolific ranch families and just three years later in 2020 he was the 25th largest land owner in the world clearly jeff likes scooping up as many properties as he can he's dropped 80 million dollars on three apartments in new york a 53 million dollar property in medina washington 23 million dollars on a home in dc and an undisclosed amount on a 165 000 acre ranch in texas in addition he shattered records by purchasing the most expensive home ever sold in los angeles a 165 million dollar property called warner estate but that's not the only property he owns in the city of angels he's purchased over 114 million dollars worth of undeveloped land in beverly hills which he is sure to turn a profit on aside from stocks business and real estate there are dozens of other places that billionaires like to keep their money radelio the owner of the largest hedge fund in the world strongly believes that five to ten percent of your wealth should be invested in gold maybe some of us like to have a scrooge mcduck swim after all so there you have it we're the super rich keep all that money what would you do if you were worth a few billion dollars what would you invest in let me know in the comments down below you know i love a good chat about portfolios if you enjoy the video make sure to leave a like and subscribe oh and turn on post notifications as always i'm mr luxury if you don't mind me i'm gonna go have a drink with my private wealth manager pimp pip to doodly do

Channel: Mr. Luxury

Views: 459,166

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Keywords: rich, wealth, money, jeff bezos, bill gates, where do rich people keep their money, where do rich keep their money, billionaire, where do billionaires keep their money, where do billionaires put their money, billionaires, where the wealthy invest their money, where the wealthy put their money, where billionaires hide their money, where billionaires keep their money, how to invest, where to invest, the richest, wealthy, mr luxury

Id: -NrX05XhmCM

Length: 8min 23sec (503 seconds)

Published: Sun Aug 02 2020