Where do billionaires keep their money?

bryant.coleman

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Quote from: Lauda on May 01, 2014, 02:36:30 AM

Well they gotta do something with their money. I would invest in similar things if I were rich too.

Yes. Collecting paintings are much more attractive than all those dull work in trading stocks and bonds. And as far as I know, the ROI is much higher with the former as well. Grin

Lauda

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Quote from: bryant.coleman on April 30, 2014, 10:52:46 PM

A lot of the super-rich do invest in expensive antiques and paintings. An example is here:

http://newyork.cbslocal.com/2013/11/12/francis-bacon-paintings-sell-for-record-142-million-at-christies-auction/

Well they gotta do something with their money. I would invest in similar things if I were rich too.

Swordsoffreedom

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Quote from: bryant.coleman on April 30, 2014, 10:52:46 PM

A lot of the super-rich do invest in expensive antiques and paintings. An example is here:

http://newyork.cbslocal.com/2013/11/12/francis-bacon-paintings-sell-for-record-142-million-at-christies-auction/

True usually art keeps its value if the collected art is famous enough and it can be used to show status
Like I got 100 plasma TV's behind water proof shielding and a sub woofer in my pool so that when I swim I can still watch television
Oh really I got 1 plasma TV and a Da Vinci from Macys
Oh Touche

bryant.coleman

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A lot of the super-rich do invest in expensive antiques and paintings. An example is here:

http://newyork.cbslocal.com/2013/11/12/francis-bacon-paintings-sell-for-record-142-million-at-christies-auction/

counter

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Time is on our side, yes it is!

I'd say hidden on the obscenely large estates and mansions. Bonds and land seem like other probable and possible options to consider.

Malin Keshar

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Properties, industries, fiscal paradyses, investiments of all sorts, and som millions in liquid cash in case of need.

Bitcoin Magazine

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i'm on the bitcoinrichlist (#289)

DAYAGO

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Probably in different accounts, or maybe they have a vault in their mansions Tongue

Lauda

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Quote from: roslinpl on April 25, 2014, 06:08:24 AM

perhaps you are right indeed. My bad...

But I must say there is a reason why I can be right

You say - biggest hodler have 980,000 BTC - 1 wallet

Why you think he is holding all coins at same address?
He can have 10000 of them with 100BTC on each one

Then he is a billionaire

and he keeps money @ bitcoin wallet Tongue

But indeed this is likely not really possible an, but not impossible

You can analyze the blockchain yourself or look around the forums. The information is at hand. Does it matter if he has 1 address with 1M Bitcoin or 1,000 addresses with 1,000 Bitcoin?
I do however doubt that someone invested so much money.

nthunder

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Hmm, FED?

supernem

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I'm sure this is something that can be Googled.

bryant.coleman

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Quote from: roslinpl on April 25, 2014, 06:08:24 AM

But I must say there is a reason why I can be right

You say - biggest hodler have 980,000 BTC - 1 wallet

I got my data from here:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

roslinpl

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Quote from: bryant.coleman on April 25, 2014, 04:30:25 AM

Quote from: roslinpl on April 24, 2014, 04:34:22 PM

I think there are some billionaires that keeps their money on their desktop Tongue

Bitcoin-core.

With the recent reduction in the exchange rates, I don't think there are any Bitcoin billionaires around here now. At $450 / BTC, to become a billionaire one should possess at least BTC2,222,222. And right now, the biggest holder is having some BTC980,000.

perhaps you are right indeed. My bad...

But I must say there is a reason why I can be right

You say - biggest hodler have 980,000 BTC - 1 wallet

Why you think he is holding all coins at same address?
He can have 10000 of them with 100BTC on each one

Then he is a billionaire

and he keeps money @ bitcoin wallet Tongue

But indeed this is likely not really possible an, but not impossible

Sage

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Anyone who reaches "billionaire" status isn't so stupid as to keep their wealth in debt based paper

They make their money from issuing that paper, then selling it to the masses for REAL assets such as businesses, commodities, or real-estate.

b!z

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not inside bitcoin wallets, that's for sure.

bryant.coleman

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Quote from: roslinpl on April 24, 2014, 04:34:22 PM

I think there are some billionaires that keeps their money on their desktop Tongue

Bitcoin-core.

With the recent reduction in the exchange rates, I don't think there are any Bitcoin billionaires around here now. At $450 / BTC, to become a billionaire one should possess at least BTC2,222,222. And right now, the biggest holder is having some BTC980,000.

jodybay

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if you want something do something!!!

Quote from: Reuben on April 24, 2014, 05:13:28 PM

Quote from: pseudonymdude on April 24, 2014, 04:00:02 PM

They probably won't tell you.

Only if you ask nicely.

even if you ask nicely yeah they wont tell it to you Cheesy

but anyway there are some bunch of boastfull billionaires out there who kept bragging about their whealth

Reuben

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Quote from: pseudonymdude on April 24, 2014, 04:00:02 PM

They probably won't tell you.

Only if you ask nicely.

roslinpl

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I think there are some billionaires that keeps their money on their desktop Tongue

Bitcoin-core.

pseudonymdude

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They probably won't tell you.

As everyone else said, stocks, commodities, and real estate mainly.

Topic: Where do billionaires keep their money? (Read 2614 times)