Unknown interesting wealth statistics

Discussion in 'Mayberry Lounge' started by tonil, Nov 11, 2020.

  1. tonil Red Card

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    Richest people on Earth have majority of their wealth spreaded in stocks and company shares,
    and then based on that , they are worth xy billions of $ .
    But , if such bilionare is worth 10 billions , that doesn't mean he has 10 bils on his bank account.
    So, is there any info on who has the most amount of money on his account ?
     
  2. revoltub Gold Card

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    You have to diversify your bonds.
     
  3. Provocateur Red Belt

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    Last edited: Nov 11, 2020
  4. Red Beard Black Belt

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    Really rich people have very little money in their accounts and if they do, it isn't in American accounts.
     
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  5. Get To Da Choppa Purple Belt

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  6. M4rk Green Belt

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    I have 1 amazon, 1 microsoft, Apples
     
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  7. VulcanNervPinch Gold Belt

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    What does this mean?

    Nobody has 5B sitting in a checking account.

    They have stocks, bonds, ownerships, real estate, and other investments.
     
  8. jx820 Red Belt

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    Rich people don't even know what they have in the bank, that's too grainular for them. I had the surreal experience of going to the bank with a fairly rich guy (10 to 100 million range, a genuine 1%er but not the kind of guy who owns a congressman as a pet).

    All his cards got rejected at the ATM and we had to go into the bank. Some customer service guy comes over in the branch and he tells them his card isn't working. So the guy goes to his desk. Plugs the card in to a reader and his whole demeanor changed when the accounts came up. Now he's beaming at us and offering us coffee or waters like he's the hostess at a diner. Turns out 3 different cards had been suspended for inactivity cause this dude hadn't purchased anything himself or made a withdrawl in over 6 months.

    It's a whole different reality having that kind of wealth. You don't need to have liquid capital. And that's not even super rich. If Bezos lost this guy's whole net worth it wouldn't even be that bad a day for him.
     
  9. EndlessCritic Steel Belt

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    Except the bank doesn't hold your cash either.

    Having $100,000,000 in your bank account is just a piece of paper saying the bank owes you $100,000,000. The money isn't at the bank.
     
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  10. Jack Reacheround Never Go Black

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    No. It’s amazing to me people don’t know this. It means that, combined with their income, their stocks and assets are worth billions. Not that they have billions in their checking account, though they probably do have millions in there.
     
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  11. LEWIS540 .

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    How little?

    $500?
     
  12. nostradumbass Steel Belt

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    Jeff Bezos actually makes $81k/year.
     
  13. tonil Red Card

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    [​IMG]
     
  14. tonil Red Card

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    it's a game what it looks like, this money thing.
     
  15. tonil Red Card

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    Conclusion.
    'Richest' person on the world is not the one with the highest amount of money on his bank account.
    {<redford}
     
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  16. LEWIS540 .

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    No he doesn't.
     
  17. I Am Legion Silver Belt

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    I am far from wealthy, but I never keep more than 6 months of mortgage payments in an account. You have to put your money in areas that work for you and earn returns. I’m going to start to get into human trafficking, big money in that.
     
  18. [email protected]&WW Gold Belt

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    stocks are liquid assets.
     
  19. Red Beard Black Belt

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    It would be relative to their overall net worth. I would venture to guess a billionaire would keep 5% of their assets liquid. I am worth a decent amount but not a millionaire and I keep 5% liquid.

    The rate of return on a checking or savings account is very low. They can invest in businesses, stocks, futures, international opportunities and get a lot more return on their money. If you get 1% interest on a typical account but can get 12% off of the stock market, why would you keep your money in a bank? I am 35 so all my investments right now are aggressive. If I was a billionaire I'd want to be aggressive with a lot of money and then balance it out with some safe investments.
     
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  20. Rocco Siffredi Yellow Card Yellow Card

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    rich people invest. putting it in a bank is not getting you shit on your money

    ps if you know about it then it is not unknown
     

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