By Morgan International Staff Writers
All of us learn to have loads of money but in truth, becoming a billionaire is something that happens to very few. But just imagine what it would be like if you had so much money that you could literally live on the interest without having to dip into the capital; if you had $1 billion and made a 5% return then your annual interest would be a whopping $50 million – much more than the take home salary of most!
The problem is that when you have the money you need to know what to do with it in the way of investments. One thing that all billionaires tend to do is invest in liquid securities so how about we take a look at how some real-life billionaires invest?
- Bernard Arnault - Chairman of LVMH – approximate net wealth of $38.1 billion
The richest guy in France runs a mix of luxury goods companies including Christian Dior and LVMH Moët Hennessy Louis Vuitton. A great art collector, much of his money is invested in his companies with his cash sums coming from things like salaries, holdings and dividends. Properties also encompass a large amount of his wealth with a mansion in Paris and a home in the Bahamas; the rest of his millions is divided amongst art and yachts.
- Steven A. Ballmer - Former chief executive of Microsoft – approximate net wealth $30.8 billion
Although he is no longer with Microsoft, much of his money is invested into the company’s stock and he keeps several billion in cash and several hundred million in Twitter shares. His various homes are also worth several million between them.
- Susanne Klatten - Deputy chairwoman of Altana – approximate net wealth $20 billion
At 54 and already the richest woman in Germany, she inherited stakes in BMW and Altana. Also chairwoman of the SGL Group, most of her wealth is tied up in these companies with several billion of it in the BMW Group. Keeping 22.5% of her money in cash, she is fairly private when it comes to disclosing the details of her wealth.
- Azim Premji - Chairman of Wipro – approximate net wealth $10 billion
His wealth was inherited from his father who owned the Wipro Company (originally Western India Vegetable Products). 64% of his wealth is invested into company shares and 13% into an offshoot company named Wipro Enterprises. Several million are held in JM Financial, several hundred million are in cash and about a million is tied up in property in Mumbai. His wealth has been set up in a way that his privacy is well protected.
So as you can see, the issue is not just about accumulating wealth but looking after it once you have it. All of these people have one thing in common and that is that they have spread their wealth well, keeping some in cash and the rest secured via a variety of investments.
Many people can struggle with knowing how to take care of their wealth which is why we provide a range of training courses that can imbibe you with the necessary knowledge to share with them.
Contact us now and find out exactly what type of courses will suit you best.