6 Tips for Budding Billionaires (Part 1: Coming from a Very Wealthy Family) | Caroline Knowles
TThere is a small new elite here who are at the forefront of making money, and they are known as the Billionaires. These space giants have personal wealth of at least $100 billion. now 14 of them Worldwide, this is an increase from six cases last year. They are listed, compared and praised. Bloomberg Billionaires Index and forbes world billionaires listhas just been published.
Thanks to the annual count of the ultra-wealthy, we find that 2,781 people around the world (141 more than last year) have personal wealth of $1 billion or more.and that Taylor Swift is now one of them One of them. And their total wealth (approximately $14.2 trillion) is larger than the GDP of any country except the United States and China. But centi-billionaires are the diversified top tier of this group, described by Forbes as people who have “achieved far more than the average billionaire,” and whose wealth we share with them. unimaginable for most of us.
This list shows you where the most huge amounts of money are made in the world. 10 of the 14 billionaires are Americans. One is a Frenchman, Bernard Arnault. richest man in the world. 9th place Mukesh Ambani is Indian. Amancio Ortega, number 13, who runs the clothing chain ZARA, is a Spaniard. Number 14, Carlos Slim Herr, is a Mexican telecommunications entrepreneur. None are from the UK, and 55 are mere millionaires, fewer than in previous years.
So how do centi-billionaires make so much money? It operates in the sector. A good example is Warren Buffett of Berkshire Hathaway (6th place). But technology is the primary driver of wealth for centibillionaires, including Jeff Bezos (No. 3, Amazon). mark zuckerberg (No. 4, Facebook), Bill Gates (and Steve Ballmer (No. 7 and 8, both Microsoft), Larry Page and Sergey Brin (No. 10 and 11, both Google). (Street fashion, luxury goods are also noted) consumption and real estate speculation, often a lucrative side hustle.
The calculations underlying the rankings are open to exaggeration. Listed assets, especially for high-tech companies, are estimates based on growth and potential at a time when they may be sold in the future. After all, Forbes hasn't seen the tax returns of multi-billionaires. Instead, it works based on its best estimate.
Also, little is said about what the millionaires are like, other than that they are all male. (However, L'Oréal heiress Françoise Betancourt Meyers, who is worth $99.5 billion and ranks 15th on Forbes' list, is slightly behind that.) 13% of billionaires are women.) What do we know about the world's richest people? Not much, but that seems to be their preference. The fleeting glimpses of centibillionaires on their business pages are usually fixated on their money-making exploits, with any more personal content filtered out by the public relations firms they hire. But piecing together what's known about the world's richest people may provide some clues about who a centibillionaire is and how to become one.
Mr. Arnault made an estimated $233 billion selling exclusive products to other wealthy people through his luxury brand LVMH. However, Arnaud comes from a wealthy French family that owns a construction company. His tip #1: Start near the top.he married to a pianist and have 5 children. Tip #2: Minimize expensive divorce settlements. Billionaires often pay dearly for broken marriages. Bill Gates fell to his seventh place on the Forbes list because of him. Tip #3: Keep it within your family. All of Arnaud's children Several Investing in the family business.
Arnault's estate is managed by a single office, established in 1978, that manages investments and “ensures that the family's wealth is protected.” Maximize your potential”. A large portfolio of investments in technology, venture capital, and real estate will ensure that that large amount of money grows. Tip #4: Accumulating capital and assets will make billionaires richer and make them millionaires. It works to turn millionaires into millionaires. In other words, the rich generally get richer.
Tip #5: Donate money to a good cause, it looks good. Arnault helped rebuild Notre Dame Cathedral, and his foundation built a public museum to house his extensive art collection. This is a further source of family speculation and accumulation. He has donated to the Red Cross in China and Ukraine, firefighting efforts in the Amazon, and public hospitals in France. Although he may personally donate more, these public donations by LVMH represent roughly the same percentage of what the average French family donates. Between 25 and 50 euros.
Tip #6 – This one comes from a tech company. Minimize your tax liability wherever possible. Tax Watch regularly reports on major US technology companies and their arrangements in the UK. to reduce their tax liability. Billionaires don't trust the government to spend their money properly.
Centibillionaires act like millionaires who are training to join a club. They become very wealthy because the financial system works in their favor. They are profiting from a game that most people can't afford to play. The game involves large bets on the stock market, private equity, and hedge funds. Cartels are only open to the wealthy. and a large real estate portfolio. Meanwhile, other countries around the world are facing a cost of living crisis as homelessness levels continue to rise.
There are 10 centibillionaires and 755 billionaires in the United States who have more money than they will ever spend in their lifetimes. Also, 37 million people living in poverty. Isn't it about time for some serious redistribution? Take taxes from the rich.fully implement world minimum tax To ensure that tech companies and other global players pay their fair share. Unless there is a serious political commitment to such redistribution, the gap between the super-rich and everyone else will only widen.
Summarize this content to 100 words TThere is a small new elite here who are at the forefront of making money, and they are known as the Billionaires. These space giants have personal wealth of at least $100 billion. now 14 of them Worldwide, this is an increase from six cases last year. They are listed, compared and praised. Bloomberg Billionaires Index and forbes world billionaires listhas just been published.Thanks to the annual count of the ultra-wealthy, we find that 2,781 people around the world (141 more than last year) have personal wealth of $1 billion or more.and that Taylor Swift is now one of them One of them. And their total wealth (approximately $14.2 trillion) is larger than the GDP of any country except the United States and China. But centi-billionaires are the diversified top tier of this group, described by Forbes as people who have “achieved far more than the average billionaire,” and whose wealth we share with them. unimaginable for most of us.This list shows you where the most huge amounts of money are made in the world. 10 of the 14 billionaires are Americans. One is a Frenchman, Bernard Arnault. richest man in the world. 9th place Mukesh Ambani is Indian. Amancio Ortega, number 13, who runs the clothing chain ZARA, is a Spaniard. Number 14, Carlos Slim Herr, is a Mexican telecommunications entrepreneur. None are from the UK, and 55 are mere millionaires, fewer than in previous years.So how do centi-billionaires make so much money? It operates in the sector. A good example is Warren Buffett of Berkshire Hathaway (6th place). But technology is the primary driver of wealth for centibillionaires, including Jeff Bezos (No. 3, Amazon). mark zuckerberg (No. 4, Facebook), Bill Gates (and Steve Ballmer (No. 7 and 8, both Microsoft), Larry Page and Sergey Brin (No. 10 and 11, both Google). (Street fashion, luxury goods are also noted) consumption and real estate speculation, often a lucrative side hustle.The calculations underlying the rankings are open to exaggeration. Listed assets, especially for high-tech companies, are estimates based on growth and potential at a time when they may be sold in the future. After all, Forbes hasn't seen the tax returns of multi-billionaires. Instead, it works based on its best estimate.Also, little is said about what the millionaires are like, other than that they are all male. (However, L'Oréal heiress Françoise Betancourt Meyers, who is worth $99.5 billion and ranks 15th on Forbes' list, is slightly behind that.) 13% of billionaires are women.) What do we know about the world's richest people? Not much, but that seems to be their preference. The fleeting glimpses of centibillionaires on their business pages are usually fixated on their money-making exploits, with any more personal content filtered out by the public relations firms they hire. But piecing together what's known about the world's richest people may provide some clues about who a centibillionaire is and how to become one.Mr. Arnault made an estimated $233 billion selling exclusive products to other wealthy people through his luxury brand LVMH. However, Arnaud comes from a wealthy French family that owns a construction company. His tip #1: Start near the top.he married to a pianist and have 5 children. Tip #2: Minimize expensive divorce settlements. Billionaires often pay dearly for broken marriages. Bill Gates fell to his seventh place on the Forbes list because of him. Tip #3: Keep it within your family. All of Arnaud's children Several Investing in the family business.Arnault's estate is managed by a single office, established in 1978, that manages investments and “ensures that the family's wealth is protected.” Maximize your potential”. A large portfolio of investments in technology, venture capital, and real estate will ensure that that large amount of money grows. Tip #4: Accumulating capital and assets will make billionaires richer and make them millionaires. It works to turn millionaires into millionaires. In other words, the rich generally get richer.Tip #5: Donate money to a good cause, it looks good. Arnault helped rebuild Notre Dame Cathedral, and his foundation built a public museum to house his extensive art collection. This is a further source of family speculation and accumulation. He has donated to the Red Cross in China and Ukraine, firefighting efforts in the Amazon, and public hospitals in France. Although he may personally donate more, these public donations by LVMH represent roughly the same percentage of what the average French family donates. Between 25 and 50 euros.Tip #6 – This one comes from a tech company. Minimize your tax liability wherever possible. Tax Watch regularly reports on major US technology companies and their arrangements in the UK. to reduce their tax liability. Billionaires don't trust the government to spend their money properly.Centibillionaires act like millionaires who are training to join a club. They become very wealthy because the financial system works in their favor. They are profiting from a game that most people can't afford to play. The game involves large bets on the stock market, private equity, and hedge funds. Cartels are only open to the wealthy. and a large real estate portfolio. Meanwhile, other countries around the world are facing a cost of living crisis as homelessness levels continue to rise.There are 10 centibillionaires and 755 billionaires in the United States who have more money than they will ever spend in their lifetimes. Also, 37 million people living in poverty. Isn't it about time for some serious redistribution? Take taxes from the rich.fully implement world minimum tax To ensure that tech companies and other global players pay their fair share. Unless there is a serious political commitment to such redistribution, the gap between the super-rich and everyone else will only widen.
https://www.theguardian.com/commentisfree/2024/apr/06/centibillionaire-wealthy-family-richest-fintech 6 Tips for Budding Billionaires (Part 1: Coming from a Very Wealthy Family) | Caroline Knowles
