- Tram Ho
If in the past, millionaires were the real giants, today, millionaires are no longer the few, instead, it is the billionaires who set the standards and goals for the super-rich. rich. Dozens of billionaires have become world-famous names, many aspire to be like them, aspire to achieve their level of success, while others criticize them for hoarding wealth. .
However, it is undeniable that they contribute a lot to the development of the economy, and many of them are also very famous for their charity work.
But, how did billionaires get to where they are now? What does their life look like?…
In this article, we take a look at the lives of the super-rich and discuss 10 things you probably didn’t know about billionaires.
Since the wealth of most billionaires is denominated in USD, it will be the only currency we will cover in this article.
1. What jobs do billionaires have?
You wouldn’t be a billionaire if you were in a normal job, so what exactly do billionaires have?
Most billionaires are entrepreneurs, with over 42% of billionaires getting their first $1 billion by age 40 — and that’s mostly in the tech sector. The tech sector is growing at an exponential rate, so there are plenty of opportunities for entrepreneurs to innovate and make their fortunes. E-commerce is also another industry where we have seen many successful billionaires.
Many billionaires never even attended college, instead, they embarked on pursuing their innovative business ideas from a young age.
Surprisingly, only about 20% of billionaires inherit the family fortune. This means that the vast majority of billionaires make money with their own hands. There are many billionaires who start out with very little money and come from “ordinary” backgrounds, they receive help on their startup path.
Most billionaires are entrepreneurs, most of them earn passive income through investments and other passive income streams…
The technology field is the cradle of many billionaires
2. How many sources of income do billionaires have?
Forget the average salary and a single source of income, millionaires and billionaires often have several sources of income, including:
Earned Income – This is the income earned from doing something. It’s usually a routine job where you’re working for someone else. This is how most billionaires start their businesses, but over time, many of them have abandoned their earned income and focused on other sources.
Profit Income – Profit Earning is where you sell something for more than its original price. Profitable income comes from businesses large and small and requires a start-up. Most billionaires will always maintain some form of profit income because when done right, it can make you huge money.
Interest Income – Interest is money earned on lending money, usually to a bank, and allows you to earn passive income with essentially no effort on your part. Most billionaires will have multiple streams of interest income coming in each month.
Dividend Income – Dividend income is the amount of money you earn as a shareholder in certain companies. It is also passive and you will receive a return on your stocks and investments. Most billionaires are very business savvy and have financial advisors who can advise them exactly on which businesses to invest in.
Rental income – Rental income comes from the purchase and rental of properties. While buying real estate can require a sizable upfront payment, over time you should be able to pay back your investment and start to profit from the rental. There are many billionaires involved in the real estate and rental market.
Capital Gain – This is the amount you get for any property you own that has increased in value. Billionaires are likely to own a lot of such assets.
Copyright income – Royalties are paid to allow someone to use the idea, design or your product. A good example is JK Rowling, she earns royalties when each copy of her book is sold. Since these books will continue to sell for many years, she will enjoy an ideal royalty income.
The problem is that most of these sources of income are only really worth it if you already have a substantial amount of money, and this way it’s often easier for the super-rich to become wealthy. Almost all of the income streams listed above are dreams for the average person.
JK Rowling has an ideal royalty income
3. In which month are most billionaires born?
According to various surveys, it seems that the most popular birth month for billionaires is September, with many famous billionaires falling under the sign of Virgo (including Warren Buffet and Jack Ma). Libra is also another popular sign among billionaires, such as Ralph Lauren, Alice Walton, etc.
So if you were born in September, the odds of becoming a billionaire could be in your favor. Seriously, though, the month of birth is simply a coincidence, and to become a billionaire, you either need to be born rich or extremely hard-working and smart.
Billionaire Ralph Lauren is a Libra billionaire
4. How old is the billionaire?
Billionaires typically take most of their lives to reach nine zeros, and most billionaires are between the ages of 50 and 70. The vast majority are, but we’re also seeing more and more of them. Younger billionaires rose, such as Mark Zuckerburg and Kylie Jenner.
5. Which country has the most billionaires?
The US has the most billionaires, it’s home to 28% of the world’s billionaires, with most of the super-rich living in New York, Los Angeles and San Francisco. China is in second place and has had the fastest growth in billionaires over the past few years. Germany, Europe’s largest economy, has the third largest concentration of billionaires, with a total of about 151 billionaires.
India and the rest of Asia are predicted to produce even more billionaires in the near future.
6. Which billionaire does charity the most?
With so much wealth, it’s no wonder so many billionaires regularly give to charity. Although they are not obligated to give to charity, there are many who expect them and believe that it is the duty of billionaires to do charity.
JK Rowling fell off the “Forbes Billionaires List” when she decided to donate millions of dollars to various charities.
Bill Gates has stated that most of his fortune will go to charity upon his death and plans to “only” leave $10 million to each of his children. However, he won’t stop giving to charity until his death, and both Bill and his ex-wife Melinda have donated about $10 billion to causes like healthcare and economic development.
Warren Buffet is known as one of the most philanthropic men in the world. It is said that he donated almost half of his fortune to various charitable causes.
George Soros is another generous billionaire who has contributed about $3.1 billion to human rights activism and economic development in Eastern Europe.
Mark Zuckerburg famously donated $900 million to the Silicon Valley Community Foundation.
With poverty and lack of government funding common in countries around the world, there have been many human rights activists calling on billionaires to “give while they are alive” and give 5 % of their wealth to worthy causes each year.
Billionaire Chuck Feeney has given all his life to charity
7. What do billionaires spend their money on?
The average billionaire has about $80 million to spend as he pleases each year. The richest person in the world can spend $88,000, which is equivalent to the average American’s spending of $1. So, what do the super-rich spend their money on?
Obviously, many billionaires enjoy the finer things in life and spend their money on luxuries like mansions, private helicopters, sports cars, yachts, and designer clothes. Many billionaires own homes in several countries and have houses filled with cars.
But there are also billionaires who prefer to live a little more frugally and enjoy a relatively “normal” life. Mark Zuckerburg is famous for wearing jeans and a t-shirt almost every day. However, Zuckerburg still owns many homes, two of which are in Hawaii.
Art, collectibles and one-of-a-kind items are where billionaires can showcase their taste and personality. Alice Walton is famous for spending $44.4 million on the painting Georgia O’ Keef.
If it were you, how would you spend $80 million per year?
Luxury yachts are a popular hobby of the rich
8. How many female billionaires are there in the world?
Money does not discriminate against age, race, or sex. Of all the billionaires in the world, about 8.5% of them are women, some of the most famous female billionaires are Oprah Winfrey and Kylie Jenner, the youngest billionaire in the world.
The richest women in the world, including Alice Walton and Mackenzie Scott, lead a rather private life despite being extremely successful women. The top 10 richest women in the world are certainly not as famous as the top 10 richest men. Most of the female billionaires are from China, which is home to 66% of the world’s female billionaires.
According to Hurun’s “Global Rich List”, there are 51 more women on the list compared to last year. Women have recently been given the same financial and career opportunities as men, so we can expect more and more women to become billionaires in the future.
Oprah Winfrey is a famous female billionaire
9. How many billionaires are there in the world?
According to Hurun’s “Global Rich List”, there are about 3,288 billionaires in the world as of 2021. In 2020, we see more billionaires added to the rich list, around 8 people each week! Despite the global pandemic and the economic difficulties brought by COVID-19, the list of billionaires is constantly growing, their accumulated wealth increased by 32%, resulting in a whopping 14.7 thousand billion USD.
Three billionaires, including Elon Musk, added $50 billion to their fortunes last year. The rise in billionaires and billionaire wealth can largely be attributed to the stock market boom.
Some of the most famous (and richest) people on Hurun’s “Global Rich List” are Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Mark Zuckerburg, and Warren Buffet.
Given the current situation, we can expect the official list of billionaires to continue to grow.
Elon Musk’s fortune continues to grow despite the pandemic
10. Is it possible to become a billionaire in secret?
The lives of famous billionaires are often very public and attract a lot of media attention. When the whole world knows that you are a billionaire, you really need to upgrade your privacy and be careful what you say and do. You may find yourself in a position where people just want to be friends with you and get to know you for your money.
So, is it possible to become a billionaire in secret, not letting the world know about the large amount of money in your bank account? Is it possible… Because there are no alarm bells that sound as soon as you make your first 1 billion, you can completely become a billionaire in secret. There may even be billionaires out there who don’t even know that they are billionaires.
If you live a simple, unpretentious life, then you can live under the gaze of others. The more flashy and luxurious your lifestyle is, the more likely you are to attract attention and this is where people and the media can start speculating on the value of your property. your net.
Being asked by a stranger to publicize a bank statement for charity money, how did Mr.
Source : Genk