Climbing the Wealth Pyramid: From Rich to Ultra Rich Lifestyles
Jason 0 Comments Retire Wealthy
did you know that there are billionaires that most billionaires can only dream of becoming you might be surprised to learn that not all billionaires are equal while some own businesses and corporations others own Industries and even countries once you understand this you will realize that the difference between these levels of wealth is quite staggering in this video we'll be exploring the levels of wealth and what life is like at each of these different levels we would also delve into how the ultra Rich spend their money including some of their most bizarre and extravagant purchases chapter 1 wealth in perspective so what is a billion dollars say you earned one dollar per second it would take you about 11 and a half days to make one million dollars now to make one billion you would need to earn that one dollar for over 31 and a half years so while it is very easy to think of wealth in terms of rich or poor it simply is not enough wealth classification is broader than that to begin with there is a huge difference between what a millionaire can do and what a billionaire can do worthy of note is the perspective of price which in turn feels relative to how much you earn let's compare someone earning fifty thousand dollars a year with someone earning 500 million dollars a year you see that is ten thousand times more the average guy spending thirty dollars is equivalent to the billionaire spending three hundred thousand dollars on a Lamborghini similarly a 10 million dollar piece of art would feel like one thousand dollars the difference here is that these purchases would feel so major to the average guy but to a billionaire it is not chapter two levels of wealth now let's put these guys on different levels let's see just how wealthy one can be starting at the bottom of the food chain is the top one percent we know you already had an idea of what the one percent is but give us a minute this phrase has been synonymous with being extremely rich for so long that to think otherwise seems unnatural so what is the one percent when your income is over about five hundred thousand dollars a year you would technically be considered a part of the top one percent of worldwide earners but if you are in this category you will quickly realize that you are not as rich as you think you can usually afford a nice house and a flashy car but those things come at an even higher cost to maintain and if you are working a full-time job you would feel even less financially secure this is actually why after this level wealth starts being measured in net worth rather than income the guys in the next levels of wealth don't earn their money from a salary it's mostly a case of more wealth and more assets the next level of wealth would be the guys with a net worth of 10 to 30 million dollars you can live comfortably at this level because all your needs are met easily you have a really nice house you would fly first class international only be able to book a two thousand dollar Suite when you feel fancy and most importantly no random financial situation can disrupt your life and status but at this level you still have to be smart about big decisions and in the banking world you will definitely not be classified as an ultra high net worth individual which of course brings us to the next level the guys with a net worth of 30 million to 100 million dollars if you get to this point you can kind of rest easy you are now playing in the big leagues what does this mean with a huge stake in a very large company five-star hotels and multiple Villas in Santorini Dubai or the French Riviera you probably wouldn't even mind that you would be spending about twenty thousand dollars per night you can also afford to pay for ease you know you have people running around at your every whim you have assistance for everything they take care of your schedule and stay on top of your appointments now when it comes to appointments and meetings you barely spend your time with people who do not matter whether you like it or not your Social Circle has evolved you now have access to the most influential people in business entertainment and politics but of course there is a downside to always being surrounded by other super rich and influential people the danger is you might start to feel like you do not have enough you may soon realize that you're new for sorry is not all that because your friend got himself a limited edition version you might return home from dinner with a congressman to find out that your billionaire friend just had dinner with the president it is something of a slippery slope if you get to this point you could either fall off in an attempt to achieve more or actually unlock the next level and that is the net worth of 100 million to a billion dollars to get to this level you definitely have ownership or control of a well-known company almost any experience you can dream up you can have say you feel like playing golf with your favorite golf player all you would have to do is tell your people to call his people at this level you can afford the most bizarre things on the planet like a 24K karat gold toilet a limited edition pen worth over two million dollars with nearly a thousand diamonds engraved on it all this luxury and yet you are still not at the final level chapter 3 the billionaire level now let's talk about the big guys the very few people who have built a net worth of a billion dollars and above if you study all the rankings like the Forbes list you would see that the very top 25 billionaires have more wealth between them than the poorest 50 percent of the entire world oh wait you never considered this we will get to that in a bit for now let's visualize the life of the billionaires we know about Elon Musk Jeff Bezos Bernard Arnold Mark Zuckerberg Bill Gates these names are fixtures on the Forbes list they can buy anything on this planet literally anything say a private island with a standby yacht to get you there whenever you want yes we have spoken about luxurious items and experiences but at this level it is a whole new world at this level you can buy access to almost anyone on the planet a billion dollars would also get you respect and even influence you can influence big changes in the world make an impact through philanthropy and charity you can clean water for villages in Africa fund new hospitals save endangered species and so on most interestingly you could afford to buy time your time is precious to you so thankfully you can afford to pay for Speed and ease no waiting in lines or sitting around according to Forbes there are 2 640 billionaires in the world do you think there are more would anyone go out of their way to hide just how wealthy they are share your thoughts with us in the comments like this video if you have enjoyed it so far subscribe to the channel and hit the notification Bell so you don't miss any upcoming videos like this chapter 4 the billionaire you do not know about what if we told you everything you've been told about billionaires is just one big lie it might surprise you that quite a number of people are just as rich or even richer than the Forbes billionaires we mean there has to be a reason Elon Musk is convinced that Russian President Vladimir Putin is richer than him he has a publicly disclosed official salary of one hundred forty thousand dollars but according to some experts Putin has assets that would total up to 200 billion dollars where does this conspiracy come from you see over the course of his presidency trillions of dollars have passed his hands so even if he only managed to keep a tiny percentage of let's say a trillion dollars imagine how rich he is Believe It or Not There is actually a whole segment of rich people who always appear on the Forbes list but don't even have a few million dollars these people are just paper rich they have companies that employ thousands of people and may even have a good product on their hands but their companies burn more money than they bring in did you know that Elon Musk acquired Twitter using a leveraged buyout that is essentially borrowed money not to say he is broke or anything because there are a number of reasons why he did that the point is you would often see people like this making the Forbes list while the people who you don't see are the ones who actually make the big moves these billionaires don't just make money they are the ones with unlimited access to cash they control countries and Global Supply chains their decisions impact not just themselves or their families but literally thousands if not millions of people globally take the Crown Prince of Saudi Arabia for example since 2018 Forbes has excluded all Saudi billionaires from its list but it is a well-kept secret that the prince popularly known as MBS has full access to trillions of dollars in Saudi Arabia's public investment fund this is the height of power behind the scenes access to anything in control of anything or anyone they desire here you might be feeling a little inspired right now you could also be feeling like you do not have enough or maybe there is a little anger in your heart now that you have truly seen how wide the gap between the Haves and halves not really is whatever the case may be we think that one's goal in life should not be uncountable riches but rather happiness at every level of life you should strive to be happy because the truth is nobody truly has it all these ultra-rich people also live difficult lives they can only afford to hide it better it is easy to feel little but the fact that you have access to a device and an internet connection to listen to this means you are not so down the line you are actually richer than you think there is no guarantee that abundant wealth will make you happier than you are right now so always remember you have enough and most importantly you are enough
