The True Scale of Wealth - How the Top 0.001% Spend Their Billions 

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“Money can’t buy happiness” is the biggest crock of b.s. Money buys you a jet ski and have you ever seen someone not happy on a jet ski? 🙄

A trillionaire will make a billionaire feel like a millionaire.

“They’ll never know the value of something earned”….. Just ignored the billion dollar business they’ve probably built ffs 🤦‍♂️😂

Billionaire here. As the proud owner of 1,000,000,000 SHIB, I was able to walk into starbucks today and have not a single person recognize me. It was nice.

When I hear people say money cannot buy happiness, I wonder if they’ve ever been homeless or in poverty? When you cannot eat or feed your child, money buys happiness. Poverty is unhealthy and blocks your ability to enjoy life. Money removes the barrier to entry for people lacking the basic needs. Money does not make you happy independently, but the lack of money can.

The breakdown is intriguing, thank you for the time you put into that. However, it wasn’t said in this video and is critical to note that the majority of a billionaires net worth is NOT in cash but primarily in their companies stock and assets. No billionaire sits on a billion in cash. That’s why a billionaire can lose $10B in just one day; it’s not a result of bad money habits, it’s a result of a stock price decline. Net worth doesn’t not necessarily correspond with cash flow. There’s been billionaires who’s companies fail and they assume a negative net worth

Globally the average net worth is around $10,000 USD.

I have a vision for i shall be the worlds first modern world's trillionaire...who so ever likes this comment shall join me.

Keep up the good content 👌🏾

It is financial freedom...

This is such a great video! I always wondered what the cost of something to the average Joe would look like to someone that had what seemed like nearly unlimited money👍🏼

The life goal should be to invest, earn, save enough resources to not need to work for pay anymore. Going through life without passive income and having to follow others around and doing their orders is not a good way to waste one's life away. The wealthy get to do what they want to do and not be following others and their schedules.

Excellent video. Criminally underrated channel

Great video!!! You have a new subscriber.

Very good video thank you

That is Great data, I admire the work you have Study into making this Video, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🙏🙏🙏🙏👑💯

Excellent video this is MOTIVATION 💯🔑

Great video but you also forgot to mention eventhough an amount feels relatively low to them, they don't actually have that in cash. Billionaires have about 5% of their entire wealth is liquid whereas the rest is tied to their assets. Edit : Still an amazing video and makes you see their perspective is insane

Interesting data points. Where someone is merely in the top 10% in the US, he’s well into the top 1% in the world. And the top 1% in the US are almost at the top 0.1% in the world. Also, you failed to mention the more favorable tax treatments that billionaires get. That $20M jet likely costs the billionaire only about $10-12M after tax breaks.

I love this video so much

this is one of my favorite videos now

good video bro

Congratulations for 700 subscribes

The world is a strange place

amazing video man. i hope you keep on making more of these

Lovely!!!!!!!!!!!!!!!!!!

If you're a good person It's a Lot of responsibility.Large amounts of money equals large amounts of power. Being responsible and wise enough to know how to use that resource. . For the good of society

May God shine a light through my path

To strive is a wonderful feeling....be grateful for who you are and what you have

amazing video bro! Loved how you ended with the whole perspective on things. I grew up poor but i guarantee my childhood is better than the billionaire kids. full of love and adventure. A billion to much and give you to much-unwanted attention. Ideally, you wanna make enough to eat and do your hobbies and travel, which is all possible just being normal. ONE LIFE TO LIVE SO BE ON THE PURSUIT OF HAPPINESS NOT JUST MONEY. I KNOW ITS A MEANS BUT IT NOT THE END.

Thank you.

The thing that money cannot buy happiness is bs. Things like memories and family love is something billionaires can have too. Infact they can have more of it.

Beautiful shot of Pigeon point, Tobago, Trinidad and Tobago @ 9:40

Interesting video, but the figures mentioned for private jets (of the billionaires) are not exactly accurate. You displayed what seems to be a Dassault Falcon 2000 and mentioned a purchasing cost of US$ 2 million + budget of another US$ 1 million. A DA 2000 of the current series (ie the Falcon 6X) sells for no less than US$ 47 million. Now billionaires usually go for large cabin / extra long range jets such as the Gulfstream G650 ER or the Global 7500 (avg tag price = US$ 70 million), or even VVIP aircraft derived from airliners (BBJ - B737NG or ACJ - A319 etc) that can reach over US$ 100 million. The annual budgets to operate them - all inclusive (fuel, crew, insurance, hangar, airport fees and so on)- range from US$ 1.5 million to US$ 4 million, depending on the number of hours flown every year (that is why the operating costs are broken down in fixed costs and variable costs). Now few clients "buy" these goods. The big ones usually lease them (like an operational lease or lease with purchase option) and many big corporations establish exclusive funding sources for their corporate flight departments, which are usually run as a separate body from the other businesses of the conglomerate (the people from the airplane and from the hangar usually think and speak differently from the people at the office, so it's better to avoid the frictions)...it does not work as if a billionaire digs zillions in his/her pockets to pay for these mountains of expenses all the time, they usually secure the funding sources first, and then release the cash...just saying that in order to add some details, because it is my "industry"...

Money may not buy happiness but to quote Robert Kiyosaki (who isn't a billionaire). Money may not be the most important thing in the world .. but it affects everything that is. Rich Dad

is no one talking about how this channel only has 373 subs??!?!

God bless the maker of this video

i thought this will be an educational video, it made me realize how poor i am, hahahaha

I’d rather be bored and a billionaire 😂

We are born daily and will die someday, as long as we live the best we can ,that is all we can ask for. And yes money can buy happiness or at least the time for it.

A SMALL jet is about 2 mil. A larger 8 seater and above at a new price, is about 10+ mil

Bro, you got your opening stats wrong.. It shouldn’t be “Net Worth”, those numbers are “Annual Incomes”

can you share the music name?

Funny story about the difference of wealth and not: I once saw a photo of Nolan Ryan that was used to start many pens for a signing event, I joked it would be valuable if he started his pens on that; the two event organizers looked at me like I was on crack and said "Nolan Ryan does NOT start his own pens."

2:59 damn them cheeks cheekin

And this math is off 1 billion. Imagine dividing that perceived cost by 100. A new plane feels like $15

If they spend all the 5% returns, who woud factor in the inflation. Secondly, stocks dont give consistent returns yearly. Sometimes no returns for 10 years. In the meantime, if they just spend 5% yearly, especislly when it is down 50%, they will be bankrupt in 10 years.

Makes sense why king Mansa Musa on his way to Mecca literally caused the Egyptian economy to collapse and it took a decade to recover by giving out so much gold causing inflation 😅😅 it felt like $10 to me 😂 😂

.I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us, I now earn every week. Despite the up and downturn in the market system, I'm having the best time of my life financially. I have built my portfolio massively and I still building. You're such a blessing to this generation, we all love you....

Yeah... That's right

Coming from homelessness to owning two houses, there is no inequality only the inequality of EFFORT.

Thanks for makings us poor ppl feel bad!

Still waiting for a video about how much does it cost to society overall to have billionaires.

There is no millionaire and billionaire watching this all who are watching this are broke 😂

I think you are a bit off. It would be more realistic to compare their cash flow from investments vs an average person's income. Dividends pay roughly 2.5%. So, $1 B would generate $25 M in dividends. That is more like 500x the average salary. Still a lot. The folks you are really talking about are more like $10 B and up.

Money can't buy nor create a meaningful and purpose-driven life.

Thank you Jesus C

"Money can't buy happiness" GFY !

So in the end I am nothing.

He was talking about the 3 top billionaire guys towards the end (twitter, space n villain)

tbh you have no clue what those people do for living, my old boss who had money literally was working 2 jobs, some people greed overtake their own needs

So why don’t they help poor people ?

Happy to be in the majority 😅

You just said Elon Musk is bored? Ha for sure 😃

If only they would invest their money in the society. There's a housing shortage? Buy crappy entire suburbs and rebuild them for the better of man.

If you had a dollar bill that was equal to a million dollars you’d need 1,000 of those one dollar bills to make 1 billion dollars now on that same scale to make a trillion dollars you’d need 1 million of those 1 dollar bills Remember in this scenario $1= 1 million dollars in this scenario. Another way to visualize this: if you made 1 million dollars a day it would take 1,000 days to made a billion dollars, and it would take 1 million days to get to a trillion…

Well, at least I am in the top 1% in the world, LOL.

this guy said they could never just pop to a mc donalds 😂, yes you can

They should not pay so much taxes like 2 million a year is too much it should be 10k

Assets > Liabilities

So are you saying one trillionaire could get us out of debt,or at least give every American a million.😅

I want to be a billionaire

iam happy with 100k dollars a month Tate says 1 million is better but I can't even buy a jet with a million its insane health a billion help m

It is said that there are billionaires, who know that those around them are only interested in their money, not in them. That must be a really sad episode of life.

Yassine is that you?

im silly and a proud sillionaire

Zillionaire are the rarest

Try being poor.

The billionaires that act middle class

An average worker earns 50k a year🤯 what kind of a privilege bubbles you live in braaaa.

It's better to cry in farari

billionaires prefer to eat in McDonalds......thats the reason why they became millionaires

And with inflation, almost every top singer or sports personality, is a billionaire. In 1989, 37 million dollars where the same has 120 million $ today. With inflation and catastrophes, even i will become a billionaire eventually 🤣🤗

help me out iam selling quadbike to start bar buisnesses to start dropshipping to start buisnesses tennis and more and I still aint close to a million how about a billion.

Nahh, common its always a sensacionalist view about billionaires, like if they floated instead of walking🤣. They enjoy sitting around, talking to people and eating in a restaurant like the rest of us. Today lots of people can access a ferrari, or a private jet or a yacht, just have to rent it. Really the difference between a billionaire and a millionaire, is the size of their business, and the money available to purchase new business. Mikhail khodorkovsky the former richest man in russia, said this, the only reason you need billions of dollars, is to purchase more companies. 100 million is more than enough

I just thought me earning 100k dollars a month dropshipping is only 1.2 million dollars less then a Bugatti every birthday less then 70 Bugattis in my life time which is just 100 million dollars so a billion is like 1 million dollars a month at 20 years old by the time u die u will have a billion tats insane a million a month till u die to reach a billion Tate earns 400k a day tats insane hes on trajectory of a billion in hes 50s to 60s Jeff Bezos is insane

Please help me get my Stolen Millionen Back in Villa, Firma, consulting, Patents, Projects, Art, Design etc

All those comments about not being happy since a billionaire gets bored and do not know the value of what he.she worked for....sorry but bullshid. You can make the miserable 50K a year, not being happy since after taxes you can't make it til the end of month, not feeling grateful and not seeing value at all AND getting bored. S. Jobs went to India when he felt bored and he was far from being rich lol .

WGHA

Keep up the good content 👌🏾