Many people wonder what billionaires spend their money on. This is because they would love to spend rich people’s money. Luckily, there are several spend billionaires money games where one can spend hundreds of billions of dollars on a wide variety of items.
One surprising thing about billionaires is that they tend to be very frugal people. They save prudently, spend economically and generally avoid wasteful expenses. Moreover, most of the world’s billionaires are over 50 years old. They started as normal people and then worked hard for over 30 years – and saved a lot of their earnings.
They then typically made great investment decisions – such as Bill Gates at Microsoft and Jeff Bezos at Amazon.
Another important point to keep in mind while you think about how to spend billionaires money is that their wealth is mostly in businesses, stocks, bonds and mutual funds where their wealth keeps growing. They also invest in real estate and physical assets such as super-luxury vehicles and private jets.
But some billionaires like stashing their wealth in tax havens and private foundations (like the famous client 13173) – and avoid paying a lot of tax! A billionaire will typically have less than 2% of their total worth in cash. As a result, a billionaire can’t actually spend all their money in an instant.
Spend Billionaires Money: Play Spend Rich People’s Money Games
Here are some of the most useless things billionaires spend their money on. But note that most of these things are expensive.
- Huge mansions where they will never live
- Pursuing Eternity – some billionaires desire to live forever. Consequently, they have made huge investments into research with a view to enabling them regain their youthfulness – including young blood transfusions.
- Expensive jewellery (necklaces, bracelets and ornaments) that is rarely won
- Doomsday prepping – Billionaires who think the world, and their wealth, might end soon have been buying remote properties and building well-stocked underground bunkers in readiness for the so-called apocalypse.
- Antique paintings and furniture that adorn rooms in houses where they rarely live.
- A fleet of cars, so many that they even forget they own them.
What Billionaires Spend their Money on
Here are popular items which most billionaires spend their money on. And a billionaire can afford many supercomputers, and then spend time solving challenges such as where is Xur on Destiny 2. They are also a good way for one to spend billionaires money on games such as this.
1. Real Estate
This involves buying land and buildings. Investing in real estate is a great way to spend a billionaires money since the value of land normally keeps rising (keeping money in the bank is a risky option since currency appreciates and depreciates unpredictably). The super-rich like buying stuff like remote islands, lakeside mansions with a pool, luxury apartments in the most luxurious capital cities and condos in Western capitals such as Washington, DC, and London.
2. Philanthropy and Donations to charity
One of the most philanthropic billionaires in the world is Jack Ma. He is the Chinese billionaire and founder of Alibaba. Another notable philanthropist is the American billionaire and founder of Microsoft, Bill Gates, who mainly donates to charity through his Gates Foundation.
3. Private Jets
Donald Trump, the former U.S. President owns a fleet of private jets. His most famous jet is the custom Boeing 757 that is powered by Rolls Royce Engines. Jeff Bezos and Elon Musk also own private jets each worth over $65m. They are lavish assets that also guarantee speedy travel for the billionaires.
5. Super-luxury Cars and Mega Yachts
Some of the biggest yachts in the world can only be referred to as enormous and gigantic. And they are super-luxurious. One of these mega-size yachts is owned by the royal family of Abu Dhabi. Other billionaire owners of superyachts include the Russian Roman Abramovich, French billionaire-businessman Bernard Arnault and the Indian steel magnate, Lakshmi Mittal. Super-luxury cars owned by billionaires include the Rolls-Royce Phantom, Bentley, Mercedes-Maybach and Range Rovers.
6. Space Trips
This seems to be the current craze among centibillionaires: They all want to go far away from Earth. And space and planet Mars are their most-desired destination. Elon Musk has his SpaceX whose greatest intention is to colonize Mars. Jeff Bezos is enthusiastically working on his Blue Origin dream of making cheaper and reusable space-launch vehicles.