Levels of Wealth Inside The Secret Lives of The Ultra-Rich

1 vistas

gregarious

14 Oct 2021

If you earned 1 per second then to make 1 million dollars would take you about 11 and a half days But to make 1 billion dollars would take you over 31 and a half years You see it s easy to think of wealth in terms of rich or poor but broadly speaking there are arguably 5 different levels of rich and at each level things change very drastically The difference between what a millionaire can do and a billionaire can do is simply staggering In this video we ll be exploring what life is like at each of these different wealth levels and delving into how the ultra-rich spend their money including some of their most bizarre and extravagant purchases But as you re watching you ll realise that one of the biggest changes that happens at each wealth level is perspective Because prices feel relative to how much you earn So if you compare someone whose earning 40 000 a year with someone earning 400 million a year it s 10 000 times more Which means A lambo that costs 300 000 to them is the equivalent of spending 30 A 10 million piece of art Feels like 1 000 So whilst to us those purchases would feel so major to a billionaire it s not even something they need to think about And of course when you re that wealthy it s not just items and experiences you can buy But we ll get to that Let s instead start off with the first level of rich The Top 1 Even though this phrase is synonymous with being extremely rich if your income is over about 200 000 a year you would technically be part of the top 1 of worldwide earners And so being in the top 1 may not make you feel quite as rich as you think Which is why beyond this level wealth starts being measured in net worth rather than income as the more wealth you have the more assets you have and you re probably not making your money from a salary So the next level of rich is a Net Worth of 10 Million - 30 Million This levels of wealth video will look at ALL the other levels of wealth including the difference between millionaires and billionaires We'll also look at some of the craziest things rich people buy - including some of the most expensive items ever and rarest purchases the ultra-rich make We'll also be visualising wealth in different ways looking at wealth inequality and understand how billionaires buy a lot more than just expensive items and experiences This post was inspired by reddit poster a1988eli and then matched with my own research analysis who had spent a lot of time with several ultra-rich people and therefore had great insights about the levels of wealth His original comment was on the reddit post 'What do insanely wealthy people buy that ordinary people know nothing about ' This levels of wealth video was produced within the the parameters of the fair use doctrine.

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